Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable) (Read 544099 times)

Fish Tank · « **Reply #4200 on:** July 28, 2021, 09:40:48 AM »

Quote from: cgr on July 27, 2021, 11:40:08 PM

What're they asking for under "Additional information needed"? Maybe that's why you're not able to hit submit.

See attached. It's for the loan.

shulemw · « **Reply #4201 on:** July 28, 2021, 10:57:03 AM »

Can a Non profit get the targeted advance?

cgr · « **Reply #4202 on:** July 28, 2021, 10:59:56 AM »

Quote from: shulemw on July 28, 2021, 10:57:03 AM

Can a Non profit get the targeted advance?

Yes

lifetimedeals · « **Reply #4203 on:** July 28, 2021, 03:58:24 PM »

Anyone knows if it's true you can get a grant of 15K if you filed 2019 tax return and had a decrease in 2020 ? If yes where do you apply?

cgr · « **Reply #4204 on:** July 28, 2021, 04:28:12 PM »

Quote from: lifetimedeals on July 28, 2021, 03:58:24 PM

Anyone knows if it's true you can get a grant of 15K if you filed 2019 tax return and had a decrease in 2020 ? If yes where do you apply?

Quote from: lifetimedeals on July 15, 2021, 11:46:23 AM

Anyone know what this is? Saw advertised get a 15K grant if filed 2019 taxes and your 2020 tax return had a decrease (except w2) ? I'm curious if it's something legit , Thanks

Quote from: Pupashtetl on July 06, 2021, 02:25:04 PM

I saw an advertisement for the targeted EIDL 15k grant, for anyone self employed that had a reduction in 2020 from 2019. Anyone with info if this is legit?

Quote from: AsherO on July 06, 2021, 02:26:40 PM

There's such a grant, the qualifications might be a bit more than what you specified, and you can apply yourself by applying for an EIDL loan.

shulemw · « **Reply #4205 on:** July 28, 2021, 05:34:27 PM »

I got declined for targeted advance saying a Public non profit is not eligible.

Does anyone have more info on this?

cgr · « **Reply #4206 on:** July 28, 2021, 05:39:20 PM »

Quote from: shulemw on July 28, 2021, 05:34:27 PM

I got declined for targeted advance saying a Public non profit is not eligible.

Does anyone have more info on this?

Is it a public non-profit?

shulemw · « **Reply #4207 on:** July 28, 2021, 08:43:21 PM »

Quote from: cgr on July 28, 2021, 05:39:20 PM

Is it a public non-profit?

I do not know what means public and what would be considered

Its a simple shul.

I just saw on SBA site that private non profit are eligible but public not
Do you have any clarity what will be considered a public/private non profit?
Thanks

cgr · « **Reply #4208 on:** July 28, 2021, 08:53:49 PM »

Quote from: shulemw on July 28, 2021, 08:43:21 PM

Do you have any clarity what will be considered a public/private non profit?
Thanks

https://www.investopedia.com/financial-edge/1112/the-difference-between-private-foundations-and-public-charities.aspx

It's possible they just made an assumption or mistake and you need to appeal and explain that it's a private non-profit.

gozalim · « **Reply #4209 on:** July 28, 2021, 09:02:04 PM »

It is likely the shul would classify as public, I believe that's what many of our orgs go under

sillypainter · « **Reply #4210 on:** July 28, 2021, 09:14:08 PM »

501C3 organizations are all private. Hospitals are public, so to answer your question. All our organizations are usually501C3 types.

TBD · « **Reply #4211 on:** July 28, 2021, 09:18:33 PM »

Quote from: sillypainter on July 28, 2021, 09:14:08 PM

501C3 organizations are all private. Hospitals are public, so to answer your question. All our organizations are usually501C3 types.

-1000

TBD · « **Reply #4212 on:** July 28, 2021, 09:20:01 PM »

https://apps.irs.gov/app/eos/

In the determination letter you can see if its a public charity

bigdipper8545 · « **Reply #4213 on:** July 29, 2021, 09:12:14 AM »

I keep on getting a response from the SBA that I do not qualify because I am not a US citizen. I definitely am a US citizen. I’ve sent in a copy of my passport twice but keep getting the same response. It may be on the application I by mistake wrote I’m not a US citizen. What can I do to fix this? Should I apply again?

cgr · « **Reply #4214 on:** July 29, 2021, 11:26:28 AM »

Quote from: bigdipper8545 on July 29, 2021, 09:12:14 AM

I keep on getting a response from the SBA that I do not qualify because I am not a US citizen. I definitely am a US citizen. I’ve sent in a copy of my passport twice but keep getting the same response. It may be on the application I by mistake wrote I’m not a US citizen. What can I do to fix this? Should I apply again?

You'll need to file for reconsideration and wait (months) until someone gets back to you and fixes it.
You cannot apply again if you already applied- all subsequent applications will get denied as a duplicate.

cgr · « **Reply #4215 on:** July 29, 2021, 11:26:55 AM »

https://helloskip.com/blog/sba-gives-date-for-all-eidl-loan-increase-decisions/

Ver hut gazugt · « **Reply #4216 on:** July 29, 2021, 12:54:03 PM »

Quote from: sillypainter on July 28, 2021, 09:14:08 PM

501C3 organizations are all private. Hospitals are public, so to answer your question. All our organizations are usually501C3 types.

afaik Shul’s do not need a 501c3 to be a non profit.

gozalim · « **Reply #4217 on:** July 29, 2021, 12:57:50 PM »

Quote from: Ver hut gazugt on July 29, 2021, 12:54:03 PM

afaik Shul’s do not need a 501c3 to be a non profit.

true, but many apply for one anyway

shulemw · « **Reply #4218 on:** July 29, 2021, 02:28:48 PM »

Quote from: Ver hut gazugt on July 29, 2021, 12:54:03 PM

afaik Shul’s do not need a 501c3 to be a non profit.

without a 501c3 letter you will not be approved by the SBA even that you are right and you do not need it if you are a shul

shulemw · « **Reply #4219 on:** July 29, 2021, 02:33:10 PM »

I need to fax something to the SBA
Does anybody have a fax number that would get my docs to the EIDL dept by the SBA?

For some odd reason I need to fax it not email it