Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 548780 times)

Offline ah giten

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4680 on: December 10, 2021, 11:11:24 AM »
I got a denial a while ago, tried to reconsider, didn't hear back for 8 weeks.
I just noticed that I got denied before even being invited to create an account, and I never got the invite to apply for the targeted advance.

I got denied as a duplicate.

was wondering if this is normal, as far as the people I asked, this didn't happen to any other denials.
I'm afraid that i'm running out of time. Should I assume it was just an error and try to apply again, or that would sure come back as duplicate?

Offline yossisch1

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4681 on: December 10, 2021, 11:21:24 AM »
Was this the first email you received about the loan denial? Was there an attachment?
I was denied in the past hey asked for my tax returns and form 4506-T  I sent it in.  They said it could take time until they get it back from the IRS.  Yesterday I sent them a follow up email and they replied with the denial as posted.

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4682 on: December 10, 2021, 11:45:01 AM »
I got denied as a duplicate.

was wondering if this is normal, as far as the people I asked, this didn't happen to any other denials.
I'm afraid that i'm running out of time. Should I assume it was just an error and try to apply again, or that would sure come back as duplicate?
Did you previously apply? You can only have one application per SSN/EIN. Secondary applications will not go anywhere.

Offline oldguy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4683 on: December 10, 2021, 11:54:55 AM »
Did you previously apply? You can only have one application per SSN/EIN. Secondary applications will not go anywhere.
I had the above issue when applying for my wife. I never got the login setup email, nor the targeted invitation, and they don't seem like they are sending it anytime soon...

Offline ah giten

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4684 on: December 10, 2021, 12:02:25 PM »
I had the above issue when applying for my wife. I never got the login setup email, nor the targeted invitation, and they don't seem like they are sending it anytime soon...
Did you also get a denial?

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4685 on: December 10, 2021, 12:03:55 PM »
I had the above issue when applying for my wife. I never got the login setup email, nor the targeted invitation, and they don't seem like they are sending it anytime soon...
Spousal applications getting marked as duplicate does unfortunately happen- the only way to proceed is to apply for reconsideration to have the application reinstated.

Offline YOSSI170

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4686 on: December 10, 2021, 12:39:05 PM »
I just received this.  Any recommendations?


Thank you for contacting the U.S. Small Business Administration Customer Service Center regarding assistance related to the Coronavirus (COVID-19) Pandemic.
 
If you disagree with the decision made on your loan, you may request reconsideration within six (6) months from the date of the original decision, subject to the availability of funds.
 
Please submit any additional information that may assist us in reconsidering your application. If you would like us to consider tax information, please submit a copy of your most recent Federal tax return and a signed IRS Form 4506-T (sba.gov).   
 
Reconsideration requests may be sent to:
 
E-mail:  PDCRecons@sba.gov

This does not necessarily mean a denial, I also emailed for an update and got this email, I called a day later and they said it's still in review

Offline Ver hut gazugt

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4687 on: December 10, 2021, 12:44:52 PM »
I was denied in the past hey asked for my tax returns and form 4506-T  I sent it in.  They said it could take time until they get it back from the IRS.  Yesterday I sent them a follow up email and they replied with the denial as posted.

There might have been an issue with your 4506t, if they don’t get it after a while and you don’t send in a new file they may
 Send a denial letter. you may need to send in a new corrected 4506t. Make sure you did not make any mistakes.

Offline ah giten

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4688 on: December 10, 2021, 12:48:30 PM »
I got a denial a while ago, tried to reconsider, didn't hear back for 8 weeks.
I just noticed that I got denied before even being invited to create an account, and I never got the invite to apply for the targeted advance.

I got denied as a duplicate.

was wondering if this is normal, as far as the people I asked, this didn't happen to any other denials.
I'm afraid that i'm running out of time. Should I assume it was just an error and try to apply again, or that would sure come back as duplicate?
I just called in, agent was kind enough to tell me the reason of duplicate, as it "had some information similar" to another application in the system. Not spouse.

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4689 on: December 10, 2021, 02:05:02 PM »
I just called in, agent was kind enough to tell me the reason of duplicate, as it "had some information similar" to another application in the system. Not spouse.
And were they able to help in any other way? Or just instructed you to email pdc recon again?

Offline ah giten

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4690 on: December 11, 2021, 07:47:42 PM »
And were they able to help in any other way? Or just instructed you to email pdc recon again?
No help was offered, just confirmed that she sees my documents I sent in, but since she's not a loan officer blah blah blah, can I help you with something else?

Offline aspitz6342

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4691 on: December 11, 2021, 07:48:32 PM »
Keep emailing the last 2 email addresses you posted. Include your application # in the subject line and attach your 2019 return and 4506-T (with a recent date in the signature line).

I got a response from the customer service email (Screenshot below) about the maximum eligibility being $500k.

Isn't the maximum eligibility $2mm?







Offline Jkhein

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4692 on: December 11, 2021, 11:39:32 PM »
They are requesting the SBA form 2202- Schedule of liabilities. 2202 must include name and date when prepared and all long-term and short-term liabilities. The completed SBA Form 2202 should be signed and dated

Do they want all my personal liabilities? Mortgage, car, credit cards etc?

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4693 on: December 11, 2021, 11:50:30 PM »
They are requesting the SBA form 2202- Schedule of liabilities. 2202 must include name and date when prepared and all long-term and short-term liabilities. The completed SBA Form 2202 should be signed and dated

Do they want all my personal liabilities? Mortgage, car, credit cards etc?
Business AP only

Offline Positive energy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4694 on: December 12, 2021, 11:48:19 AM »
I keep going this email, can i still get the 15k grant on this?
Thanks

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4695 on: December 12, 2021, 11:49:46 AM »
I keep going this email, can i still get the 15k grant on this?
Thanks
Lower chance on the $5k portion but good chance on the $10k portion.

Offline Positive energy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4696 on: December 12, 2021, 12:01:58 PM »
Lower chance on the $5k portion but good chance on the $10k portion.
Thanks
In what does it depend?

Offline hvaces42

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4697 on: December 12, 2021, 10:18:19 PM »
I called again this week after they told me my 4506T was good and theyre back at the "its blurry" excuse after they confirmed that it was received and good to go almost 4 weeks ago. This is eminently frustrating as I am using their form which is in 8 font  and a high res scanner and its still not good for them. ?!?! I'm at a loss. Can anyone PM info for someone who is willing to help for a nominal fee.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4698 on: December 12, 2021, 10:50:56 PM »
I called again this week after they told me my 4506T was good and theyre back at the "its blurry" excuse after they confirmed that it was received and good to go almost 4 weeks ago. This is eminently frustrating as I am using their form which is in 8 font  and a high res scanner and its still not good for them. ?!?!
Type in the info instead of submitting a handwritten version.

Offline hvaces42

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4699 on: December 12, 2021, 11:06:19 PM »
Type in the info instead of submitting a handwritten version.
I used the typed version. Its their font that stinks.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.