Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 353737 times)

Online shapsam

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Feb 2017
  • Posts: 2685
  • Total likes: 471
  • DansDeals.com Hat Tips 10
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #180 on: April 21, 2020, 09:38:29 AM »
Also. What was the process like?

He got $1k because the new guidelines state up to $10k grant, $1k per employee on a certain date.
I applied, they pulled my Experian report two days ago and got funded today.

Online AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 28541
  • Total likes: 5417
  • DansDeals.com Hat Tips 77
    • View Profile
  • Location: NYC
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #181 on: April 21, 2020, 09:40:01 AM »
I applied, they pulled my Experian report two days ago and got funded today.

Hmmm, I hope I donít get excluded and forgotten because my credit pull fails (my credit is locked on all three bureaus)

Offline 12HRS

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2013
  • Posts: 5117
  • Total likes: 529
  • DansDeals.com Hat Tips 6
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #182 on: April 21, 2020, 10:09:09 AM »
Hmmm, I hope I donít get excluded and forgotten because my credit pull fails (my credit is locked on all three bureaus)

some got it without credit pulls. you should have included direct deposit info when you applied

Online AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 28541
  • Total likes: 5417
  • DansDeals.com Hat Tips 77
    • View Profile
  • Location: NYC
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #183 on: April 21, 2020, 10:17:44 AM »
some got it without credit pulls. you should have included direct deposit info when you applied

I honestly donít remember if I included it or if it was optional. I remember finding my routing/account number for something, canít remember if itís EIDL.

Offline sillypainter

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2012
  • Posts: 1876
  • Total likes: 106
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #184 on: April 21, 2020, 10:40:29 AM »
I applied, they pulled my Experian report two days ago and got funded today.

When did you apply? I applied April 1, no pull and no funding.

Offline sillypainter

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2012
  • Posts: 1876
  • Total likes: 106
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #185 on: April 21, 2020, 10:41:09 AM »
Hmmm, I hope I donít get excluded and forgotten because my credit pull fails (my credit is locked on all three bureaus)

"Meet Kevin" says in one of his videos that he got it even though his credit is locked.
« Last Edit: April 21, 2020, 10:44:18 AM by sillypainter »

Online shapsam

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Feb 2017
  • Posts: 2685
  • Total likes: 471
  • DansDeals.com Hat Tips 10
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #186 on: April 21, 2020, 10:42:10 AM »
When did you apply? I applied April 1, no pull and no funding.
I don't remember exactly, pretty sure it wasn't before that.

Offline sillypainter

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2012
  • Posts: 1876
  • Total likes: 106
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #187 on: April 21, 2020, 10:43:01 AM »
I don't remember exactly, pretty sure it wasn't before that.

Ok, waiting.......

Offline sillypainter

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2012
  • Posts: 1876
  • Total likes: 106
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #188 on: April 21, 2020, 11:00:20 AM »
I just got my Chase PPP docs approval email, which they call "step 3", waiting for SBA Approval.

Offline TBD

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2014
  • Posts: 1164
  • Total likes: 152
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: United States
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #189 on: April 21, 2020, 11:27:37 AM »
I just got my Chase PPP docs approval email, which they call "step 3", waiting for SBA Approval.
Which Bank?

Offline TBD

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2014
  • Posts: 1164
  • Total likes: 152
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: United States
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #190 on: April 21, 2020, 11:28:11 AM »
EIDL is also closed now, they dont acceppt new applications.

Offline ltttc

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: May 2019
  • Posts: 656
  • Total likes: 130
  • DansDeals.com Hat Tips 0
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #191 on: April 21, 2020, 11:48:57 AM »
I agree. However, I think it should still be a conversation with parents. I have not heard one school send out a letter or email acknowledging the hard times we are in and maybe showing how the yeshiva is applying for PPP or Grants to relive the strain on the parents. In fact some yeshivas have the chutzpah of asking parents to pay for kosher tablets!
In that case, you probably would want a letter every month acknowledging the school's hard times and deficits with maybe you showing how you can relieve the strain on the school -(which nevermind, needs to fundraise to close the gap in tuition for all of us.)
It is mind boggling watching the kochos, mesiras nefesh and stress which goes into running the finances of a school on a daily basis!

Offline TBD

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2014
  • Posts: 1164
  • Total likes: 152
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: United States
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #192 on: April 21, 2020, 12:13:14 PM »
In that case, you probably would want a letter every month acknowledging the school's hard times and deficits with maybe you showing how you can relieve the strain on the school -(which nevermind, needs to fundraise to close the gap in tuition for all of us.)
It is mind boggling watching the kochos, mesiras nefesh and stress which goes into running the finances of a school on a daily basis!
+10000

Offline momo

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2008
  • Posts: 1442
  • Total likes: 77
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #193 on: April 21, 2020, 12:30:42 PM »
Just Checked my bank account, funds pending for my ppp, thru cross river. No credit pull. Received notification from CR, after the gvmt announced that they ran out of funds, that they were processing my loan.  🤷‍♂️

Offline TBD

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2014
  • Posts: 1164
  • Total likes: 152
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: United States
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #194 on: April 21, 2020, 12:40:20 PM »
Just Checked my bank account, funds pending for my ppp, thru cross river. No credit pull. Received notification from CR, after the gvmt announced that they ran out of funds, that they were processing my loan.  🤷‍♂️
When did you apply?

Offline momo

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2008
  • Posts: 1442
  • Total likes: 77
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #195 on: April 21, 2020, 12:50:51 PM »

Online zh cohen

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 1339
  • Total likes: 1255
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: Brooklyn
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #196 on: April 21, 2020, 01:18:08 PM »
Just Checked my bank account, funds pending for my ppp, thru cross river. No credit pull. Received notification from CR, after the gvmt announced that they ran out of funds, that they were processing my loan.  🤷‍♂️

A lot of people were approved by CrossRiver and only got notified after funding ran out

Offline Shua

  • Dansdeals Platinum Elite
  • ****
  • Join Date: May 2011
  • Posts: 351
  • Total likes: 29
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: New york city
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #197 on: April 21, 2020, 01:22:00 PM »
In that case, you probably would want a letter every month acknowledging the school's hard times and deficits with maybe you showing how you can relieve the strain on the school -(which nevermind, needs to fundraise to close the gap in tuition for all of us.)
It is mind boggling watching the kochos, mesiras nefesh and stress which goes into running the finances of a school on a daily basis!

A) Not sure about your childs school, but we do get a letter a few times a year for fundraising. Raffle by Chanuka, dinner in the winter, gifts for the rebbiem/teachers for yom tovim, etc. 

B) Schools should be more transparent with their financing.

C) No one is saying that it doesnt takes mesiras nefesh and stress to run a school. But you know what also takes stress and mesiras nefesh? Running fiances for your family. Especially during a global pandemic when people are suffering financially. Just like we should acknowledge our schools mesiras nefesh (which the school gently reminds us a few times a year) here in an unprecedented situation, where the schools are probably getting funding, it would be nice from them to acknowledge us as well.

Online AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 28541
  • Total likes: 5417
  • DansDeals.com Hat Tips 77
    • View Profile
  • Location: NYC
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #198 on: April 21, 2020, 01:23:06 PM »
Which Bank?

Read the post you quoted, says Chase.

A lot of people were approved by CrossRiver and only got notified after funding ran out

You mean approved by SBA when applying via CrossRiver.

Online zh cohen

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 1339
  • Total likes: 1255
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: Brooklyn
Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #199 on: April 21, 2020, 02:49:54 PM »
You mean approved by SBA when applying via CrossRiver.

Yes. I was saying that a lot of people who applied through CrossRiver thought they didn't get approved (because of the announcement that funding ran out), but they just hadn't been notified.