Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable) (Read 547667 times)

oldguy · « **Reply #4740 on:** December 21, 2021, 02:09:38 PM »

How can a Person that filed a schedule C in 2020 prove that their business was open before Jan 31 2020?

cholent · « **Reply #4741 on:** December 21, 2021, 02:10:29 PM »

Quote from: oldguy on December 21, 2021, 02:09:38 PM

How can a Person that filed a schedule C in 2020 prove that their business was open before Jan 31 2020?

Provide invoices, organizing documents ...

oldguy · « **Reply #4742 on:** December 21, 2021, 04:22:20 PM »

Quote from: cholent on December 21, 2021, 02:10:29 PM

Provide invoices, organizing documents ...

How would that work with a schedule C? Invoice yes, but what other docs?

cholent · « **Reply #4743 on:** December 21, 2021, 04:22:40 PM »

Quote from: oldguy on December 21, 2021, 04:22:20 PM

How would that work with a schedule C? Invoice yes, but what other docs?

That's enough

cgr · « **Reply #4744 on:** December 21, 2021, 05:05:07 PM »

Quote from: cholent on December 21, 2021, 02:10:29 PM

Provide invoices, organizing documents ...

Or a bank statement

cholent · « **Reply #4745 on:** December 21, 2021, 05:55:54 PM »

Anyone have updated data points on how long it took to resolve a bank error and resend the advance funds?

coffeebean · « **Reply #4746 on:** December 22, 2021, 09:44:29 AM »

How long does it take once approved for the funds to come in?

S209 · « **Reply #4747 on:** December 22, 2021, 11:53:23 AM »

Quote from: coffeebean on December 22, 2021, 09:44:29 AM

How long does it take once approved for the funds to come in?

Up to 5 business days

Moishy123 · « **Reply #4748 on:** December 22, 2021, 02:47:50 PM »

Applied Dec 7,
Declined Dec 13
Reconsideration Dec 14
Status changed to APPROVED on Dec 21

cgr · « **Reply #4749 on:** December 22, 2021, 05:05:05 PM »

Quote from: Moishy123 on December 22, 2021, 02:47:50 PM

Applied Dec 7,
Declined Dec 13
Reconsideration Dec 14
Status changed to APPROVED on Dec 21

Bh they're doing a decent job getting those recent Unverifiable Advance declines moving. Unfortunately the older the application the longer it seems to take them to reinstate (and they mention first come first serve in their canned response... go figure).

LoLo · « **Reply #4750 on:** December 22, 2021, 05:48:21 PM »

Been waiting since Nov 30 for a response.

cholent · « **Reply #4751 on:** December 22, 2021, 06:11:23 PM »

Any other reason besides unverifiable also seems to be taking much longer in reevaluation

coffeebean · « **Reply #4752 on:** December 22, 2021, 07:09:22 PM »

Quote from: Moishy123 on December 22, 2021, 02:47:50 PM

Applied Dec 7,
Declined Dec 13
Reconsideration Dec 14
Status changed to APPROVED on Dec 21

Let us know when it changes to funded

Barryg · « **Reply #4753 on:** December 22, 2021, 07:09:57 PM »

Quote from: LoLo on December 22, 2021, 05:48:21 PM

Been waiting since Nov 30 for a response.

been waiting since May

hvaces42 · « **Reply #4754 on:** December 23, 2021, 11:40:59 AM »

Quote from: Barryg on December 22, 2021, 07:09:57 PM

been waiting since May

April for me

Ver hut gazugt · « **Reply #4755 on:** December 23, 2021, 11:44:55 AM »

Quote from: hvaces42 on December 23, 2021, 11:40:59 AM

April for me

Same here,

Fish Tank · « **Reply #4756 on:** December 23, 2021, 11:57:13 AM »

Quote from: Barryg on December 22, 2021, 07:09:57 PM

been waiting since May

Quote from: hvaces42 on December 23, 2021, 11:40:59 AM

April for me

Quote from: Ver hut gazugt on December 23, 2021, 11:44:55 AM

Same here,

I was in the same position. I paid someone to help me and got approved BH.

I didn't want to pay, but it was worth every penny.... too each their own.

cholent · « **Reply #4757 on:** December 23, 2021, 11:57:58 AM »

Quote from: Fish Tank on December 23, 2021, 11:57:13 AM

I was in the same position. I paid someone to help me and got approved BH.

I didn't want to pay, but it was worth every penny.... too each their own.

I'd love to know their secret, not for myself but for the many people I am helping

coffeebean · « **Reply #4758 on:** December 23, 2021, 11:59:00 AM »

Not saying this will work for everyone, but calling up really helps. I've been waiting for about a month and my reconsideration application was approved a day after speaking with a rep.

Hjay · « **Reply #4759 on:** December 23, 2021, 12:35:37 PM »

Quote from: coffeebean on December 23, 2021, 11:59:00 AM

Not saying this will work for everyone, but calling up really helps. I've been waiting for about a month and my reconsideration application was approved a day after speaking with a rep.

Is this true in regards to the grants as well?