SBA HALL OF SHAME
Real Stories. Real Rage. 100% True Testimonials from People Screwed by the SBA.
Real Stories. Real Rage. 100% True Testimonials from People Screwed by the SBA.
Posted by Anonymous
I have seen multiple posts regarding the glitch; the SBA employee confirmed, but no details. Now, posts are claiming it has been resolved. However, SBA stated, “be patient,” funds are on their way…
My timeline:
Update:
The glitch/error/whatever you are calling it is — US Treasury had set up a fund account for EIDL loan applications (general terms used, it could be an umbrella fund for lots of things) — that ran out of funds.
(LO: “It was deliberately defunded,” — God knows who he was referring to.)
There are plenty of funds available, but just not in this account. Thus the glitch! Recommend reaching out to whoever could help you move the application faster.
Fix (not for everyone, I’m just sharing my experience):
However, kudos to the Congress rep, LO, and High Priority Team for their effort to move the application so fast. Hopefully get funded soon!
"The people at the SBA are really a bunch of incompetent, lazy morons... I finally had to get rid of the items without their approval... lost six figures+ in deposit refunds. Sent a demand letter and contacted Pelosi’s office — no response."
– u/SnooChickens8163 on r/EIDL (27 days ago)"I applied to the SBA for assumption on the loan... The SBA agent told me I’d need to add a co-payer, and they had to pay $30,000 upfront before SBA would even consider it. Even if my name isn’t on it. We just withdrew."
– u/Aggressive-Source123 on r/EIDLPPP (1 year ago)"Each time I sent all my documents and followed instructions. Then I’d get an email saying I didn’t send anything. I’ve been declined in RECON over and over again. This is a nightmare."
– [deleted] on r/EIDL (4 years ago)"It’s a lottery, folks. The SBA is full of crap. We’ve all been lied to about glitches. There’s no system. Just randomness and garbage excuses."
– u/getthestacks75 on r/EIDL (4 years ago)"I was told I was approved by the SBA rep, quit my job offer, and waited. Two months later, they say I’m still processing. Now I have no money and no job."
– u/lifethinker1 on r/EIDL (4 years ago)
These SBA Customer Service Agents are getting more rude by the day. I called in about my loan and the woman sighed and said, “Why are you even calling?” and then HUNG UP. I was stunned. I called back and asked to speak to someone else, and the second guy said, “We’re not here to solve your personal problems.” I couldn’t believe what I was hearing. I asked for a manager, and the line just went dead. I called again, and they said I was being “hostile.” I haven’t even raised my voice. I’ve filed a complaint and am documenting everything. I hope these people get investigated. This is absolutely unacceptable behavior for a federal agency.
– u/iloveeveryone2021 on r/EIDL (4 years ago)
UPDATE: I'm officially DONE. I’ve done everything right since day one. I submitted all the correct documents, spoke with reps, even escalated to the Office of Disaster Assistance. Nothing helped. Now they’re telling me they “cannot verify my information” again — after FOUR confirmations. I’ve laid off all five employees today. My storefront is closing this week. Thanks, SBA. You destroyed my business and my livelihood. FU.
– u/TrumpSucksPutin2020 on r/EIDL (4 years ago)