You will need to upload your entire return + sign form 4506T that allows the IRS to share your return with the SBA
Thanks. How does the resolution work? They are requiring it.
If you are going just for the eigl grants, do you need to Upload Documents (2019 business tax return, and oda form p-022 standard resolution)? Or can you skip that part?
Did anyone have success in reconsideration, when the application was originally denied because of identity verification?
Did anyone have success in reconsideration, when the application was originally denied because of identity verification? and how long will it take?
Got denied for: Not Eligible: Targeted Advance recipients must meet the eligibility requirements applicable to SBAEconomic Injury Disaster Loans (EIDL). The applicant business did not meet these requirements. Theapplicant business is A lending or investment concern and considered ineligible under the EIDL Program.This was a mistake on the application - anyone with a similar circumstance have experience appealing ?
Got denied for: Not Eligible: Targeted Advance recipients must meet the eligibility requirements applicable to SBAEconomic Injury Disaster Loans (EIDL). The applicant business did not meet these requirements. Theapplicant business is A lending or investment concern and considered ineligible under the EIDL Program.This was a mistake on the application - anyone have experience with a similar circumstance?
You can request reevaluation and explain.
For loans over 25k, can you be approved if you don't have collateral?
Also, can a sole proprietor pull out all the funds for personal needs as "payroll"?
For loans over 25k, can you be approved if you don't have collateral?Also, can a sole proprietor pull out all the funds for personal needs as "payroll"?
Got approved for way over $500K without collateral, service based business.
So today I got rejected on a schedule c because of unvarifiable I formation. I gave them everything. Full tax returns, everything. What more can I do?
Color photos of driver’s license, front and backVoided checkComplete 2019 federal tax filing
Send everything in PDF format, and include a signed 4506-T as well.