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Sunday, 08/14/2022 10:08:00 PM

Sunday, August 14, 2022 10:08:00 PM

Post# of 11018
$MSTO received a $229,900.00 Economic Injury Disaster Loan as shown on the recent Q2. The interesting note is the SBA calculates total possible EIDL loan amount based on prior revenue and cost of goods sold. So explain how $MSTO ended up with $230k when the revenues and cost of goods (houses don't count) sold on the Q filings are no where near that??


As of January 1, 2022, SBA stopped accepting applications for new COVID EIDL loans or advances.
As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications.
As of May 16, 2022, the COVID-19 EIDL portal (covid19relief1.sba.gov, also known as the "RAPID portal") is closed. Borrowers who need copies of their loan documents can contact us at 833-853-5638. Please allow 3-5 business days to receive your materials.