Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 388834 times)

Offline eli232

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4860 on: January 11, 2022, 07:16:17 PM »
I was on the phone on hold for 2 hours and then they said can't take my call, tried many other times that they don't even put you on hold
try calling 8am when they open , I got today thru in 3 min

Offline AsherO

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4861 on: January 11, 2022, 08:17:44 PM »
Any easy or fast way to get tax return transcripts?

Canít you create and IRS account online and view a whole bunch of stuff including this?

@Positive energy ETA, see here: https://www.irs.gov/individuals/get-transcript

Online cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4862 on: January 11, 2022, 08:20:22 PM »
Canít you create and IRS account online and view a whole bunch of stuff including this?
That's for personal, not business
Don't ask stupid questions and you won't get stupid answers

Offline AsherO

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4863 on: January 11, 2022, 08:21:38 PM »
That's for personal, not business

I didnít realize the question was about business. IC/SP might be a schedule C

Offline Positive energy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4864 on: January 11, 2022, 10:58:44 PM »
try calling 8am when they open , I got today thru in 3 min
Thanks

Offline Positive energy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4865 on: January 11, 2022, 10:59:58 PM »

Offline AsherO

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Offline YSACC

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4867 on: January 18, 2022, 04:28:06 PM »
Does anybody know of anyone that was approved since last week?

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4868 on: January 18, 2022, 04:49:22 PM »
Does anybody know of anyone that was approved since last week?
Yesterday was MLK day. I did see approvals on Friday and Thursday, as well as today.

Offline YSACC

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4869 on: January 18, 2022, 04:54:45 PM »
Yesterday was MLK day. I did see approvals on Friday and Thursday, as well as today.
I was referring to last week Sunday, I haven't seen any grant approvals. I did get a loan approval email a few minutes ago.

Offline Ver hut gazugt

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4870 on: January 18, 2022, 06:17:11 PM »
I was referring to last week Sunday, I haven't seen any grant approvals. I did get a loan approval email a few minutes ago.
how long did it take for loan approval?

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4871 on: January 18, 2022, 06:18:53 PM »
I was referring to last week Sunday, I haven't seen any grant approvals. I did get a loan approval email a few minutes ago.
I've seen a (very) few. Seems like most that were sent a while ago were denied without notice, unfortunately
Don't ask stupid questions and you won't get stupid answers

Online cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4872 on: January 19, 2022, 11:29:09 PM »
What have people successfully provided when asked for this list? None of this is relevant for this person's small home based babysitting business

Provide documentation showing that Your Business is an ACTIVE established entity, anything that can show that you own this business before January 31, 2020. BUSINESS MUST BE REGISTERED UNDER YOUR NAME!!!!
CHOOSE ONLY ONE!!!!!!!!!!!!

∑        Board of Directorís Resolution

∑        Certification of Limited Liability Entity (EIN Letter from IRS)

∑        Letter of Incorporation, UBER/LYFT Driver statements from 2019

∑        Social Network verification matching Business name and address (Google, Bing)

∑        Business website address

∑        Yellow Pages, Facebook Page, Instagram, anything that can prove your business.

∑        BBB Verification

∑        State Registration of Business name with paid receipt, etc.
Don't ask stupid questions and you won't get stupid answers

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4873 on: January 19, 2022, 11:52:16 PM »
What have people successfully provided when asked for this list? None of this is relevant for this person's small home based babysitting business

Provide documentation showing that Your Business is an ACTIVE established entity, anything that can show that you own this business before January 31, 2020. BUSINESS MUST BE REGISTERED UNDER YOUR NAME!!!!
CHOOSE ONLY ONE!!!!!!!!!!!!
These agents lately... it's like they've been given license to be as unreasonable as possible... they earned themselves a volume in my government incompetence series.

This:
If you get a 1099 send that in.
If you don't explain that there's no requirement to be registered or have a business license.
And also attach whatever you can to prove operations such as a bank statement and client invoice(s).

Offline Ver hut gazugt

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4874 on: January 20, 2022, 03:34:42 PM »
Canít find nys grant thread so posting here.

I got rejected because me revenue in 2019 does not qualify but my 2020 does fall in the revenue target. They told me I should qualify over the phone but the underwriters rejected my application. Is there something I can do ?

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4875 on: January 20, 2022, 03:51:42 PM »
Canít find nys grant thread so posting here.

I got rejected because me revenue in 2019 does not qualify but my 2020 does fall in the revenue target. They told me I should qualify over the phone but the underwriters rejected my application. Is there something I can do ?
It's discussed in the general stimulus thread.
Is it because your 2019 revenue is above the limit while 2020 is below?

Offline Ver hut gazugt

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4876 on: January 20, 2022, 04:07:08 PM »
It's discussed in the general stimulus thread.
Is it because your 2019 revenue is above the limit while 2020 is below?
yes

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4877 on: January 20, 2022, 04:24:44 PM »
yes
https://nysmallbusinessrecovery.com/faq/
Point out the 4th question from the bottom to your processor or as part of your appeal if you were already denied.

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4878 on: January 21, 2022, 12:32:00 AM »
It's discussed in the general stimulus thread.
Actually does have a dedicated thread...
https://forums.dansdeals.com/index.php?topic=125055.0

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4879 on: January 27, 2022, 03:03:51 PM »
@Joel11218 your inbox is full so I can't respond to your SBA question.