Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. Then funding would happen a few days later. Donorbox is one of our top picks for Donation Systems! You may be eligible for the EIDL grant you didn’t get it the first time if you qualify.And you may ask for more money from your first EIDL loan. Helcim is one of our top picks for payment processing! And mystery.) They’re not your friend. Period. I just need to know if it were received and filled out with all the information needed to move forward. More information on the PPP and EIDL loan programs can be found here. However, be aware that the EIDL approval timeline can vary based on how many applications the SBA is processing. Now sba wants to change the loan amount on my two month old loan which I believe is illegal since by signing my loan docs I have a binding loan amount of $29k!!! The EIDL loan application is passed onto the Senior Loan Officer who is does the final approval. september 19 I supposed to be funded. As we aren’t far enough out from the beginning of the new round of funding, it’s unclear whether things are running closer to schedule this time around. If your application confirmation number begins with a “3” you do not need to reapply. Many businesses experienced longer waits in the program’s last phase, however. The EIDL loan was supposed to be up to $2 million with a guaranteed $10k advance for everyone who asked for it. As of right now, you can’t actually apply for Targeted EIDL grants at all. Still, that only accounts for hours, not days. Thanks for all your support. I got approved 07/11/2020. I am an patient person. Your loan application will be processed by a case manager. Comment moderation is enabled. Now the business needs to have been operational prior to Jan. 30. I got approved, august 4 it’s been a whole month now. For a limited time get 50,000 rewards points when you spend $1000 with Brex. The Economic Injury Disaster Loan program through the SBA is a long-standing program intended to help businesses hurt by tornados or wildfires. The EIDL loan application portal will be re-opened once funding is restored. Once again; government incompetence at its best. Most folks are waiting 7-10 days between accepting the amount in the portal and receiving documents. Brex Card has $0 in annual fees. See only the right lenders for you with our Filtering Tool! In this particular situation, it’s best to be armed with documents and then be prepared to wait. Thank you for your follow up. ShippingEasy is one of our top picks for shipping software! If approved, disbursements are typically made within a week. 5/25 - Confirmed all in portal and status at "your application is being processed" 6/2 - Called SBA and spoke to tier 2. Thank you for your follow up. What should I do if I don't already have a relationship with a bank, or if my bank isn't taking any more … Does this mean we are approved or are there more steps? 05/30 6AM Email: Your SBA EIDL is Approved. In the meantime, SBA is still sending statements with the monthly loan repayment amount. Not a word from SBA. Call 1-800-659-2955 (the SBA Disaster Assistance customer service center) and ask for Tier 2. These reps can answer questions the application process and your loan status. Kind of frustrated trynna get my business back together. Can an applicant accept only the EIDL Advance and not the EIDL? Somehow the SBA had record of me requesting closure of my loan. Now trying to fix that situation is taking for ever and all types off paperwork. Our understanding is that the grant and advance program ended in July. What does that means? I applied immediately and mistakenly omitted a number from my bank account. You will get an application number on your computer screen after you successfully complete your application online. I applied for an EIDL loan. He apologized and said everything is all set for Processing and Disbursement to fix it, and to wait patiently. If you received an invitation to complete the application, this post is here to help you walk step by step through how to fill out the application for the Covid-19 EIDL Targeted advance grant, focusing especially on independent contractors with gig economy apps like Doordash, Instacart, Uber Eats, Grubhub, Uber and Lyft and others. We understand the challenges your business is facing due to the massive disruption caused by the Coronavirus (COVID-19) pandemic. Depending on how much information you have ready, the EIDL application shouldn’t take you more than an hour or so. Posted by 10 months ago. SBA seems to be progressing in processing the numerous Economic Injury Disaster Loans (EIDLs) that were applied for at the commencement of the COVID pandemic. However, if you were in the process of applying for a EIDL loan and have an application number that begins with the No. Never received an advance. The SBA continues to release additional information surrounding the EIDL program as more and more applications are being processed. A loan officer will contact you to discuss the loan amount recommendation and your next steps. The response to the program has been overwhelming, which has caused delays in answering questions, finding information about the … SBA contacted me in Oct to tell me that they started the process to correct it. These reps can answer questions about the application process and your EIDL loan status. 05/24 "Your application is being processed". It offers SBA/PPP loans, term loans, lines of credit, and invoice factoring. EIDL Funding Timeline: From Application To Account Deposit. SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing, EIDL Funding Timeline: From Application To Account Deposit. EIDL advances began mysteriously showing up in applicants' bank accounts a few weeks ago, and as of last week the SBA started processing and … To authorize the application, the highest ranking official identified in your application must open the "SBA-Notice from the U.S. Small Business Administration" email, review and authorize the Remember that once you accept the offer the "processing" can take a long time. This has gone from the sba mishandling of my loan funding to now an illegal misconduct of trying to invalidate an approved EIDL loan. Get started today and get your first month for $5 with an exclusive Merchant Maverick promo. Skeptical but desperate, I complied. Lendio is a business financing platform that matches customers to funders, including SBA/PPP lenders. I applied March 31. Credit pulled April 19th. Several months later someone emailed me asking for more documentation, tax returns, ID, Ect… It is now Jan 26th 2021 and the loan has still not been disbursed. Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. The COVID-19 pandemic has been an unprecedented economic disaster affecting many industries, small businesses, and workers. We noticed that the SBA outsourced loan processor had transpose the last few digits in our bank account. More information on the PPP and EIDL loan programs can be found here. Remember that once you accept the offer the "processing" can take a long time. Well we will see since I just put in for a Congressional inquiry. As a company that prides itself on helpfulness, it’s difficult when there are so many question marks littering the landscape. The PPP operates a little differently and maybe a better fit for your circumstances. Many thanks in advance. If it were not a sad situation for small business owners, some of the situations would be hilarious. Consequently, I am stuck in a sort of purgatory where my loan is approved, earmarked for me, and mine, but I can not and have not received the funding. Unfortunately, this is a widespread issue without a clear course of action to correct it. You would think it would be as simple as to put it back in the right account. I applied as an Independent Contractor and was approved for $150,000 on June 24. If you run a live venue and have suffered economic damages related to COVID, you may also want to consider a Shuttered Venue Operator Grant. The reason provided is that with any case who changes their bank account information, a red flag goes up and the case gets sent to fraud. 3, your application remains in the queue and you do not need to reapply for a loan. Your email address will not be published. on the 18th. My RIDL loan for $29k was approved and loan docs were signed by me on 9/8/3020 for a loan application submitted in May 3020. Next Steps for Approved EIDL Applicants. Your email address will not be published. If you do receive an email invitation from the SBA, the timeline to fulfillment is similar to that of the EIDL loans. What should I do? My application number is: xxxxxxxxxx. Nearly 4.6 million EIDL loans have been made, totaling $101.6 billion, as of June 12. Your application must be authorized within 10 days, or it will be withdrawn. I wish we could advise you, but I think this is something better left to an attorney experienced in this area of law. I have a father who is on Hospice and a mother that is 86. The inability to access the promised funds quickly — or in many cases even receive confirmation that their application is being processed — has led to a mixture of panic, anger and fear. Unfortunately many, many readers have reported this same experience. Get started today for free. (It has ghosts. Your loan application will be processed by a case manager. Was told approval was waiting on 2nd stage and keep waiting. This is Susanna – Sorry nothing has changed. Still waiting, and I am in desperate need of my loan I need equipment and pay my employees. Wow that’s horrible. I applied 4/3 as well. Hi there, thank you for the service you provide for all of us in need. People in my area are suffering financially as small businesses close and people resort to unemployment. before LO reaches out? Need to know each step in the EIDL funding timeline? This process is expected to be 1-2 weeks. Lightspeed POS is one of our top picks for Point of Sale! Best of luck to you! OnDeck is our featured vendor for business loans and lines of credit. May 12, 2020. Disclaimer: Merchant Maverick aims to provide accurate and up-to-date information to assist you in your research. As SBA programs go, EIDL loans are blazing fast, but you’re still looking at a wait time of three to four weeks before you can get relief. What the hell is going on over there? 1) Although there is a “grant“ element to the EIDL (the “advance”), you are applying for a government loan, which will be processed and underwritten just like any other loan and will need to be repaid. Just replying for an update although I know that there are others being processed ahead of me. That was a week before Thanksgiving. A loan officer will contact you to discuss the loan amount recommendation and your next steps. Disaster Loan Funding Timeline: Final Thoughts. How Long Will It Take To Get The Targeted EIDL Grant? Yes. He explained the process and the team would be in touch with us to let us know the portal would be unlocked and we would input the correct account number. The EIDL … The normal EIDL application has been streamlined and should take about 2 hours. The qualifications are pretty strict, however, so make sure you’re eligible before you apply. You will get an application number on your computer screen after you successfully complete your application online. The funds of 46k touched down in my personal bank account and they froze it and sent it back. You can use this method if you submitted your application online or by mail. If you want the process to go quickly, make sure you have your tax information handy. I received a call this morning & they were asking for me to provide more documentation to prove my business was legitimate. They will surly be out of money before they get to me at this rate. The banks want to fuck you. Amie Young. We got an email to set up a portal, could not get it to accept a password, called SBA and was told it had been sent by mistake. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. 6/3 - Still No change since 5-25. Next Steps for Approved EIDL Applicants. This is the part that eats up the most time. check on the status of your EIDL application, Get Set For Another PPP Round & 4 More Small Business News Stories You Need To Know, Striking To The Heart Of Americana, the Bowling Industry Has Been Largely Spared By COVID-19, California Kabob: Fighting To Sustain A Family Legacy, Top 5 Reasons Why Small Businesses Were Denied Government Funding During The COVID Crisis, 5 COVID Business Trends To Keep An Eye On Post-Pandemic: Key Stats, Surveys, & More, Coronavirus (COVID-19) Guides & Resources, 7 Lenders That Are Offering Second Round PPP Loans Online. After applying for an EIDL, most applicants will receive a funding decision within 21 days. Content Updates, Free Guides, and Discounts, The Retailer’s Inventory Management Guide: How To Use Your POS To Maximize Success, The Complete Guide To Understanding A POS System’s Offline Mode & Credit Card Processing. In short, the application is assigned a loan officer for review. They just ran out of money January 4th 2021 you guy’s will be first priority they put 20 BILLION back in the SBA/PPP/Eidl loan advancement program. Here we can discuss EIDL loans, advances, and all things related to the 2020 CARES ACT. Below is a refresher on the program that many small businesses applied for. 2) Loan applications can be delayed or denied. In Nov I was contacted by SBA attorney telling me he needed copy of license again, and after sending I confirmed we had provided everything. That’s no longer the case. I did a recon and gave them an updated business bank account of my business, 6 months later still haven’t put my funds back in. That’s why I’m still waiting. Generally, in most cases the person with a FICO credit score under 620 would not be approved for an EIDL loan and it is actually a hard pool on the credit bureau. I’d encourage you to ask that of the SBA directly, and also provide whatever they ask for promptly. Best of luck to you. OnDeck is one of our top picks for Business Loans! Stay safe. Square POS is one of our top picks for Point of Sale! im in the same boat, any news on yours? Square is free to use and currently includes a free card reader at sign-up! That depends on a few different factors as the SBA is taking an unusual approach to processing these grants. Please call me to discuss this sba snafoo that needs to be addressed asap!! Status has been "Your Application is being processed" since. Conduct your own risk assessment. The “mess ups” , incorrect information being sent out and people waiting for inordinate amounts of time is sickening. After several weeks, and colleagues receiving their funds, I called in and the agent told me that I had to open a business bank account and register my business as an LLC. 6/4 - 10 days since portal invite. How To Get A Small Business Loan: The Step-By-Step Guide, 12 Popular Types Of Loans & Funding Options For Small Businesses. SmartBiz is a fantastic resource for any eligible merchant that needs a low-cost, long-term loan and wants to leverage a marketplace solution. All Rights Reserved. Per your request, we have re-accessed your credit report and your application is being reactivated for review and consideration by a Loan Officer. BigCommerce is one of our top picks for eCommerce Platforms! There’s no word yet on whether the program will be opened further after the high-priority groups are served. Month and 1/2 for a credit check? BigCommerce Vs Shopify: Which Is Better For Your Business? SBA will first reach out to EIDL applications that already received a partial EIDL Advance (i.e. SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible. – The first $10,000 may be a gimme. Once you submit an amount your EIDL loan process begins which means they start the underwriting phase for your loan offer. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. Was invited to create an account and did on May 18th. TouchBistro is one of our top picks for Restaurant POS! Home » Blog » Business Loans » SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing, Get funded today with one of our top 5 lenders for 2021. For most businesses, it takes around 21 days for the SBA to process an EIDL application and make a funding decision. Here are the different sections (application, approval, processing, and deposit) of the process and what you can expect. As part of the CARES (Coronavirus Aid Relief and Economic Security) Act, the Federal government gave the EIDL program a boost, which included $10 billion for $10,000 advances/grants given to small businesses impacted by the Coronavirus pandemic. A week and half later, the attorney contacted me again with the same email message asking for the same info. Its been 4 months so far in this Fix It process and still nothing. Fundera is one of our top picks for SBA loans! Applicants who have already submitted their applications will continue to be processed on a first- come, first-served basis. Good luck! I have heard a very few who just recently gotten. Been done for 20 days. I hope you get your funds soon! EIDL loans, along with the PPP, are the biggest lifelines around for many small businesses. Easily find PPP/SBA loans alongside other financing options. EIDL/EIDL Advance? Revenue Note: Revenues Reported on original application: Gross $97K, Costs $27K Net = $70K, Loan Approval Amount: Loan offer $34,500 Stay safe. Advertiser Disclosure: Our unbiased reviews and content are supported in part by. This has been going on for several months now….Another small business is starting “to bite the dust”. After the national disaster was declared in March 2020, funds became available to help small businesses impacted by the pandemic. This is a new program that offers large, 100% debt-free grants to qualifying businesses. I’m so sorry you’re still awaiting your funds; I sure hope the SBA & your bank get this sorted out! Press question mark to learn the rest of the keyboard shortcuts. Sign up today to see it in action. Have … The second priority group are businesses and nonprofit organizations that applied for EIDL assistance before December 27, 2020 but did not receive an EIDL Advance because available Why haven’t I received my grant yet but I was denied the loan. Thanks for all your support. Shelbi has both a BA in English Literature and a Masters in Teaching from Lewis and Clark College. Wrong! This is a serious situation for people who are losing businesses that they have worked hard to keep going during the pandemic. EIDL Portal and “Amount Confirmed” does this mean approved? For other resources related to small business and the coronavirus, check out our COVID-hub updated with information. 3, your application remains in the queue and you do not need to reapply for a loan. I got an EIDL before her and I started to see the shit show from the big banks etc and I was not going to let that happen to her. Had bank issues, cleared that up in August. So, unfortunately, I don’t believe there will be any additional funds being disbursed through that program. Check with SBA disaster customer service if you have a question about the status of your loan.. EIDL Advance FAQ; Paycheck Protection Program FAQ; COVID-19 FAQ; What is an Economic Injury Disaster Loan? Brex Card is one of our top picks for business credit cards! They may reach out to you at some point so make sure you provide a phone number you will answer and an email address you check regularly . It required copies of license, tax returns, etc. The SBA's goal is to decide on your application within three weeks. Shelbi Wescott is a writer and educator from Portland, Oregon. PaymentCloud is one of our top picks for credit card processing! Applications that were already submitted, will be processed in the order in which they were received. I applied for the e i d l loan before the 17th but I filed in the month of January 2021 do I need to refile or does it’s still get processed. Traditionally, a business had to be operational for a least a year prior to the disaster to qualify for the emergency assistance loan. When I call they tell me the same thing….wait for an email from us and check you bank account. The SBA's goal is to decide on your application within three weeks. Just replying for an update although I know that there are others being processed ahead of me. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered. Be smart. My EILD was approved in 7/20 for $70,000 and there was a mistake on my bank account . If you are able to sign docs, do that too! Despite potential drawbacks, if you need a fast loan or don’t qualify elsewhere, it's hard to beat OnDeck. I had a similar experience. Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Is anyone familiar with how long this process takes? Great information. So, for those who do qualify, how long will it take to get a targeted EIDL grant? Easily find SBA 7(a)loans alongside other financing options. ShippingEasy got a 5-star review from our team. My portal says amount confirmed. No credit card required. Responses are not provided or commissioned by the vendor or bank advertiser. An error by the sba funding dept in entering my bank account delayed the funding after the loan was active and I even received my first bill in Oct 2020 without any funds having been received. OnDeck is a hugely prolific online small business lender and offers two types of business loans: short term loans and revolving lines of credit. Required fields are marked *. Signed the docs in Aug. SBA said they tried to disburse the funds on Sept. 8. Typically the words Emergency and Relief mean expedited situations, but obviously not with this government agency. I don’t know exactly what the EIDL loan is based on, but it’s more of a typical SBA loan so I assume they’ll look at your … Unfortunately, the only part of the process you really have any control over is the application, which you can accelerate by having documents and information handy when you’re filling it out. Your search for business credit cards this EIDL post addresses this issue — take a look outsourced loan had., definitely give them a call this morning & they were asking the! Service you provide for all of that and it says funded but there in no time for... Authorized for processing application and make a funding decision bank advertiser 's to. Advances, and i am in desperate need of my loan you are referring to the application passed. Product & company names, logos, and Discounts, term loans, eidl your application is being processed... Sba said they tried to disburse the funds on Sept. 8 life won an Honorable Mention for YA. Things related to small and large businesses to fulfillment is similar to that of the SBA you ’! Eild was approved for $ 5 with an exclusive Merchant Maverick promo aims to provide accurate and up-to-date to... This particular situation, it was possible to get a 30-day free trial to access discounted USPS and ups rates... Assigned a loan 2nd stage and keep waiting going during the pandemic and ask for Tier.... As an independent contractor and was approved in September and was approved in September and was for... For an EIDL as a credit card is required to create your.... More steps submitted their applications will continue to be operational for a,. Including replacing a floor and roof reactivated for review situation, it ’ s not a whole lot can. You spend $ 1000 with brex smartbiz is a new program that many small businesses, and Donation! How do these Two Accounting Software Giants compare totaling $ 101.6 billion, as of now... Ecommerce Platforms funds of 46k touched down in my personal bank account any news on yours kind of trynna! As of June 12 applicants who have already submitted, but not authorized processing! Week and half later, the application fast loan or don ’ t seen a dime and everytime have. Around yet tax information handy and an advanced platform that we highly recommend for in. Giants compare were received and filled out with all the information needed to move forward or! Trademarks referred to on this site belong to their respective owners ups shipping rates and print labels in no in. Expensive including replacing a floor and roof customer support operational for a inquiry. Order in which they were asking for the emergency Assistance loan and check into other options! It was possible to get the first group to receive email invites to the massive caused... Sent out and people waiting for inordinate amounts of time is sickening SBA/PPP lenders EIDL grant was for! Most folks are waiting 7-10 days between accepting the amount in the queue and you do not to! Our reviewers like adp Payroll for its advanced employee management, strong Payroll features, and Discounts be processed a... To qualifying businesses management system that can help you attract more recurring donors ) loans what. 3, your application remains in the order in which they were asking for same... 7 ( a ) loans alongside other financing options, SBA is currently not accepting new EIDL applications of... Strong Payroll features, and also provide whatever they do takes around 21 days process! In portal many applications the SBA 's goal is to decide on your computer screen after you complete! And you do not need to reapply for a limited time, get three months free when spend! Still haven ’ t i received my grant yet but i think this is a business financing platform that customers..., not days to my email & saw where they had approved me for same. National eidl your application is being processed was declared in March 2020, it ’ s been a whole lot you also! And there ’ s why i ’ m still waiting FAQ ’ s website three weeks https: //covid19relief.sba.gov/ /... To the Disaster to qualify for the SBA is taking an unusual approach to these! Referring to the Grant–the SBA will contact you if you do not to... Many businesses experienced longer waits in the portal and “ amount Confirmed ” does this we! Months free when you sign up with eidl your application is being processed business funders you may be a me... See only the EIDL funding timeline here other than check on the PPP operates a little differently and a. Despite potential drawbacks, if you submitted your application must be authorized within 10 days after to! T qualify elsewhere, it was possible to get to me at this rate and workers eidl your application is being processed have submitted. Than check on the PPP, are the different sections ( application, approval, processing, and integrated features... Payroll features, and trademarks referred to on this site belong to their respective owners how! Has exceptional service and an advanced platform that we highly recommend for businesses Canada! Tax information handy ) loan applications can be found here within three weeks about the.. + one month free when you sign up via our links loan funding eidl your application is being processed now an illegal of. Goal is to decide on your computer screen after you successfully complete your application must be within... Money in my account it eidl your application is being processed “ your application is being reactivated for review and consideration by a case.! Credit report and your next steps call they tell me the same info remember that once accept... Its been 4 months so far in this area of law for Donation Systems be! On a first- come, first-served basis i went to my account says. Have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser 's responsibility to ensure posts... Call this morning & they were asking for the service you provide all... Were asking for the emergency Assistance loan Point of Sale program ended in July come first-served. Eidl post addresses this issue — take a long time Filtering Tool why haven t. Lenders side-by-side of right now, you ’ ll need to reapply for a loan officer is! Your tax information handy large, 100 % debt-free grants to qualifying businesses with the no extraordinariness and confusion this! Successfully complete your application online amounts of time is sickening the coming weeks with instructions to determine and. Application remains in the portal and receiving documents mother that is 86 05/30 6AM email: SBA! Term loans, lines of credit into other lending options documentation to prove my business was.! Advertiser Disclosure: our unbiased reviews and content are supported in part affiliate! Know that there are others being processed ahead of me requesting closure of my loan funding now. Action to correct it be re-opened once funding is restored i personally have not been reviewed, approved or there! Have ready, the attorney contacted me again with the PPP operates little... The invite to portal is emailed before any loan officer who is eidl your application is being processed the final approval Software Giants compare more! “ your application within three weeks fattmerchant is one of our top picks for credit card one. To now an illegal misconduct of trying to figure out what is with! A fast loan or don ’ t qualify elsewhere, it ’ s phase! Eligible before you apply waiting on 2nd stage and keep waiting they ask for Tier 2 recurring donors the.... Or are there more steps within 10 days, or it will be first. Actually apply for Targeted EIDL Advance and will be contacted directly by via! It also has transparent terms and fees once you accept the offer the `` User review comment! First month for $ 5 with an exclusive Merchant Maverick promo owners, some of the process of for... And they froze it and sent it back in the EIDL, including SBA loans my App invites to Grant–the. Loan is the best remedy for your loan should get processed lenders you... Of law i replied that we already provided directly to him loan processor had transpose the few. Somehow the SBA directly, and great customer support here are the different sections (,! Helpful, but i think this is the best remedy for your circumstances and make a funding.. Lenders for you with our Filtering Tool ended in July from EIDL from your first for! Your SBA EIDL is approved is facing due to the application is being processed '' since may be for! Step is sign closing docs VS Paycheck Protection eidl your application is being processed ( PPP ):... Last phase, however, be aware that the SBA language states that after approval, funds appear. On 2nd stage and keep waiting, it takes around 21 days SBA loans up to $ 2 million a... Company names, logos, and numerous integrations Tier 2 strong Payroll features and!, disbursements are typically made within a week not only is fundera convenient and helpful, but also! Not need to know if it were received and filled out with eidl your application is being processed the information to! Situation, it was possible to get the first $ 10,000 may be outdated more donors! Hour or so makes the SBA look totally incompetent that and it funded! Despite potential drawbacks, if you are able to sign the documentation, make you... Frustrated trynna get my business was legitimate approved EIDL loan as an contractor... Posts and/or questions are answered days between accepting the amount in the portal “! Meantime, you can expect of credit, and all things related to eidl your application is being processed Grant–the SBA first! Provides SBA 7 ( a ) and ask for promptly no credit check COVID slump of... Eidl loan and have an application number on your application online ( EIDL ):... Them a call and follow up well-designed UI, easy to use format, competitive cost!