If you’re one of the thousands of Alaskans waiting to hear from the Small Business Administration about an Economic Injury Disaster Loan, take a look at the 10-digit number assigned to you when you submitted your application.
“If you have this 10-digit number that starts with a three, you are in the queue for the processing of your loan,” said US Senator Lisa Murkowski on Thursday in a telephone city hall.
If you don’t have a number, or yours starts with a number that isn’t a three, Murkowski has bad news: the SBA won’t take new EIDL applications unless you work in agriculture.
Murkowski is not satisfied with this decision. She also said that even if you have an application number that starts with a three, there is no telling when you will get a decision from the SBA.
“I have not been able to get any assurances as to how current it is,” she said. “You are frustrated with this program. Your (congress) delegation is just as frustrated. “
EIDL is the smaller of two major coronavirus aid programs under the CARES Act to help small businesses. Business owners have inundated the SBA with applications, in part because the EIDL offered applicants a “loan advance” of up to $ 10,000 that will never have to be paid back.