I got round 1 PPP with kabbage, when it first started last year. On the website it says I’m supposed to get an email with a link to get forgiveness through biz2credit. I never got that email, anybody else have this & know how to get forgiveness?
They'll send it to you once they roll out the platform.
So that means it’s still not set up yet. Wow
Applying for EIDL caused a credit check on my profile. Was that hard?Even thought I'm not actually going for the loan..
Does SBA make you sign new loan docs for the increased loan amounts?
25% less gross income to be eligible for PPP2, is that line 1 on schedule C or line 3 – gross after COGS?
Any idea how long reconsideration of EIDL targeted grant is now taking?
I know of someone that submitted for reconsideration in early May- nothing yet.Reps say it's normal and nothing to worry about.
@cgr was there any guidance given regarding getting back the un-forgiven eidl advance amount, for those that filed for forgiveness before the rules were changed?
Yes, the banks received guidance on this.If you applied for forgiveness before this was in place, I suggest you reach out to your bank- they should be able to wipe off the remaining balance that's outstanding due to the EIDL rule change.
It was with Kababge A"h And I already paid them back... Any hope for me? (So much for being a good boy and taking care of things right away)
Thanks. Just logged into my k-servicing account, and I see they indeed refunded me. I now have a negative balance, and it says they will submit a refund ach payment.