Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 342363 times)

Offline hvaces42

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4940 on: May 05, 2022, 09:58:33 AM »
I got my email 9 days ago but my "request more funds" is not there yet, is there anything I can do?
If you got your original in the last 6 minths or so you got the maximum. They sent that email to everyone by mistake per phone rep.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline YOSSI170

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4941 on: May 05, 2022, 09:59:52 AM »
If you got your original in the last 6 minths or so you got the maximum. They sent that email to everyone by mistake per phone rep.

Neither of them

Offline hvaces42

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Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4943 on: May 05, 2022, 01:31:44 PM »
This morning SBA loan officers received notice to stop processing loan applications, presumably because the program has run out of funding. The SBA has not yet made an official announcement to this effect but is expected to release an update shortly.

Offline YOSSI170

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4944 on: May 05, 2022, 02:26:19 PM »
This morning SBA loan officers received notice to stop processing loan applications, presumably because the program has run out of funding. The SBA has not yet made an official announcement to this effect but is expected to release an update shortly.

Yes, I just got off the phone with them and they said that my application was not approved yet and they are going to run out of funding today so I am basically out of luck...

Offline Yef

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4945 on: May 05, 2022, 02:27:10 PM »
If docs were sent in on Monday, is it likely that it’s processing or not?

Offline Mordyk

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4946 on: May 05, 2022, 04:57:29 PM »
been working for three months to get someone approved. gam zu letova

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4947 on: May 09, 2022, 03:06:09 PM »
A few approvals coming in today here and there for those that were in the final stages.
Don't hold your breath, but if you were at the finish line you might still get in. This is only for those that already had all docs submitted- if you were asked for docs on Thursday or did not yet submit your docs, then you're not part of this group.

Offline Yef

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4948 on: May 09, 2022, 04:29:45 PM »
Even if you received a email saying the “funds have been exhausted”?

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4949 on: May 09, 2022, 04:41:28 PM »
Even if you received a email saying the “funds have been exhausted”?
Yes- that email went out to everyone regardless of their application status.

Offline shulemw

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4950 on: May 11, 2022, 10:38:30 AM »
Who can help me with a ERC claim? need a little advice. Thanks

Online AsherO

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4951 on: May 13, 2022, 09:08:30 AM »
What does status “amount confirmed” mean for a loan increase?

I started the process a while ago and never followed through, and just got an email to sign my documents in the portal.

Offline shmooz

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4952 on: May 13, 2022, 09:20:49 AM »
What does status “amount confirmed” mean for a loan increase?

I started the process a while ago and never followed through, and just got an email to sign my documents in the portal.

It should mean that if you want it you should sign, it's hard to believe that they would send you that if they didn't have any money left, but who knows.

Offline Yef

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4953 on: May 13, 2022, 11:23:30 AM »
Got the same email. Does it mean that everything is approved and will proceed?

Offline LoLo

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4954 on: May 13, 2022, 11:37:46 AM »
?t=EAalDDYZnc8EwAlbPXQ24Q&s=19

Offline Moishy123

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4955 on: May 15, 2022, 12:09:45 AM »
Submitted documents for increase request on May 4, got today approval B"H

Offline 12HRS

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4956 on: May 18, 2022, 11:27:41 AM »
My EIDL increase money came in yesterday - talk about down to the wire.

Offline TBD

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4957 on: May 24, 2022, 12:39:43 AM »
Dear Borrower:

Our record shows that you have not electronically signed the loan closing documents in order to proceed with your SBA COVID Economic Injury Disaster Loan. The deadline for electronically signing your loan closing documents has expired.

If you still wish to proceed with your loan, please email PDC.AccountsCOVIDLoanClosing@sba.gov and we will arrange for you to complete the closing by mail.

Online YitzyS

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4958 on: May 24, 2022, 12:43:15 AM »
My EIDL increase money came in yesterday - talk about down to the wire.
In other words, the EIDL increase came at the 11th hour for 12HRS.