Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable) (Read 549546 times)

Pupashtetl · « **Reply #4600 on:** November 29, 2021, 10:04:47 AM »

Is there anything to do to speed up the identity verification issue?
Time is running out as the application has to be approved in the next month.

JACKBLUE · « **Reply #4601 on:** November 29, 2021, 10:25:38 PM »

My application was denied in August, I applied for a reconsideration and since then when I logged in it’s says my application was denied, they kept asking for documents here and there but it kept showing denied, this week someone from SBA email me for some more documents and when I log in now it says application processing. Does that mean I’m going to get approved? Or is this the standard when reconsidering?

yossisch1 · « **Reply #4602 on:** November 30, 2021, 12:42:03 PM »

Anybody having success in targeted advance reconsideration?

cholent · « **Reply #4603 on:** November 30, 2021, 12:45:15 PM »

Quote from: yossisch1 on November 30, 2021, 12:42:03 PM

Anybody having success in targeted advance reconsideration?

Yes

LoLo · « **Reply #4604 on:** November 30, 2021, 01:37:27 PM »

Reconsideration denied after sending in the tax transcript for:

"Unable to verify business- Business name is not listed on Tax Transcript"

This is for a sole prop (1099) which is clearly listed on the tax transcript, since it's just my personal name, how do i respond to this? Just ask them to look again? Send a screenshot with my name highlighted?

cholent · « **Reply #4605 on:** November 30, 2021, 01:39:31 PM »

Quote from: LoLo on November 30, 2021, 01:37:27 PM

Reconsideration denied after sending in the tax transcript for:

"Unable to verify business- Business name is not listed on Tax Transcript"

This is for a sole prop (1099) which is clearly listed on the tax transcript, since it's just my personal name, how do i respond to this? Just ask them to look again? Send a screenshot with my name highlighted?

Did you possibly put a different business name in the application? I've seen people do that
Reply with your tax return and 4506t and explain that your business name is your name and is on the form

LoLo · « **Reply #4606 on:** November 30, 2021, 01:48:23 PM »

Nope, same name on application, 4506-T, tax return, and transcript.

So just respond that the business name is the same as personal name and ask them to look again?

jackofall · « **Reply #4607 on:** November 30, 2021, 02:53:26 PM »

Got funded for an increase, online still only says approved. Weird

cholent · « **Reply #4608 on:** November 30, 2021, 03:08:26 PM »

Quote from: jackofall on November 30, 2021, 02:53:26 PM

Got funded for an increase, online still only says approved. Weird

We should all have such problems

Barryg · « **Reply #4609 on:** November 30, 2021, 03:32:27 PM »

Quote from: cholent on November 30, 2021, 12:45:15 PM

Yes

what was the reason for original denial?

cholent · « **Reply #4610 on:** November 30, 2021, 03:33:16 PM »

Quote from: Barryg on November 30, 2021, 03:32:27 PM

what was the reason for original denial?

Lots of denials because business couldn't be verified through public records

YOSSI170 · « **Reply #4611 on:** November 30, 2021, 04:37:48 PM »

Anyone has a good number to reach SBA? Been on hold for over an hour

cgr · « **Reply #4612 on:** November 30, 2021, 05:04:03 PM »

Quote from: YOSSI170 on November 30, 2021, 04:37:48 PM

Anyone has a good number to reach SBA? Been on hold for over an hour

833-853-5638
You can request a callback

shapsam · « **Reply #4613 on:** November 30, 2021, 05:44:14 PM »

BH, finally got targeted advance approved after 3 reevaluations.

How do I go about requesting the additional $5k? There's no mention of it in my online portal.

cgr · « **Reply #4614 on:** November 30, 2021, 05:46:43 PM »

Quote from: shapsam on November 30, 2021, 05:44:14 PM

BH, finally got targeted advance approved after 3 reevaluations.

How do I go about requesting the additional $5k? There's no mention of it in my online portal.

Did you apply when the Supplemental option was already available on the invite?

shapsam · « **Reply #4615 on:** November 30, 2021, 05:49:12 PM »

Quote from: cgr on November 30, 2021, 05:46:43 PM

Did you apply when the Supplemental option was already available on the invite?

No. I applied before it was available.

shapsam · « **Reply #4616 on:** December 02, 2021, 07:55:43 AM »

Quote from: shapsam on November 30, 2021, 05:49:12 PM

No. I applied before it was available.

@cgr do you know how I can request it?

Thank you for your help!

cgr · « **Reply #4617 on:** December 02, 2021, 08:36:21 AM »

Quote from: shapsam on December 02, 2021, 07:55:43 AM

@cgr do you know how I can request it?

Thank you for your help!

You're supposed to get an email allowing you to opt in, but if you didn't, send a reevaluation request to the targeted reevaluation email asking to be considered for the Supplemental portion. Mention that you received your Targeted invite prior to the Supplemental being available.

Pupashtetl · « **Reply #4618 on:** December 02, 2021, 06:59:06 PM »

I originally got denied due to the identity issue. Now I logged in and I b"h see that the Targeted Advance says 'approved', but the supplemental advance still says 'declined'. Is that standard procedure? Could I expect the supplemental to be approved too?

Thanks

Pupashtetl · « **Reply #4619 on:** December 06, 2021, 01:31:43 PM »

Quote from: Pupashtetl on December 02, 2021, 06:59:06 PM

I originally got denied due to the identity issue. Now I logged in and I b"h see that the Targeted Advance says 'approved', but the supplemental advance still says 'declined'. Is that standard procedure? Could I expect the supplemental to be approved too?

Thanks

Anyone with such an experience?