Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable) (Read 546045 times)

theblakdavid · « **Reply #4140 on:** July 15, 2021, 06:19:35 PM »

Just received the following email, anyone know if it indicates anything? Doesn't even have any name, just my application #.
:
Dear SBA Applicant

Application Number: [-----]

We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application.

You successfully completed your request for an increase via the SBA loan portal and the increase review is in process. There is no specific timeframe for when the final decision will be reached, but you will be notified if further documentation is required and/or once a decision has been made. We will process increase requests in the order they are received. Due to the high volume of requests, it may be several weeks before you receive a response from a processing Loan Officer.

Sincerely,

Application Processing Department

Office of Disaster Assistance
U.S. Small Business Administration

AsherO · « **Reply #4141 on:** July 15, 2021, 09:46:18 PM »

Quote from: TBD on July 15, 2021, 02:12:42 PM

There is different requirements for each

Quote from: cgr on July 15, 2021, 02:21:14 PM

For Supplemental, one is to have received Targeted...
But back to the question they're coming out of different money pools, so possible the SBA needs to process separately.

But the qualifications are similar, the way I see, it, since they’re doing millions of these, they would benefit greatly from efficiencies of streamlining it into one singular process. Then again, this is the government we’re talking about, who am I kidding...

joeberg · « **Reply #4142 on:** July 16, 2021, 02:22:50 AM »

How long between signing EIDL increase loan docs and funding?

YitzyS · « **Reply #4143 on:** July 16, 2021, 01:15:28 PM »

I got an email from someone at the SBA with the subject "Targeted Advance Reevaluation APP #***********", asking me for more details about my business.

Does anyone know if this is about my Targeted Advance, for which I'm awaiting a decision, or from my Supplemental, for which I was denied and filed an appeal?

Also, anyone know how long after I respond should I expect a response back?

cholent · « **Reply #4144 on:** July 19, 2021, 01:18:14 PM »

What constitutes proof of a business?

I'm being asked for 2020 taxes, which I haven't yet filed. Any DPs on whether my reconsideration can get approved without them?

YitzyS · « **Reply #4145 on:** July 21, 2021, 03:05:59 PM »

How many times can I say that @cgr is a tzadaikes without it starting to sound stale?

YitzyS · « **Reply #4146 on:** July 21, 2021, 03:09:02 PM »

Do I have to do anything now in order to get the advance? Or will it automatically be put in my account?

oldguy · « **Reply #4147 on:** July 21, 2021, 03:35:18 PM »

Quote from: YitzyS on July 21, 2021, 03:09:02 PM

Do I have to do anything now in order to get the advance? Or will it automatically be put in my account?

How long after u initially applied?

YitzyS · « **Reply #4148 on:** July 21, 2021, 03:55:38 PM »

Quote from: oldguy on July 21, 2021, 03:35:18 PM

How long after u initially applied?

Quote from: YitzyS on June 04, 2021, 06:33:30 PM

I submitted the application

YitzyS · « **Reply #4149 on:** July 21, 2021, 09:49:22 PM »

Quote from: YitzyS on July 21, 2021, 03:09:02 PM

Do I have to do anything now in order to get the advance? Or will it automatically be put in my account?

BUMP.

My account still shows everything in gray. Is this because these steps are only needed for loans, and not for the advance?

ETA: I don't recall, but I may have already completed at least one of these steps, but it may have reverted back to gray...

dovy2 · « **Reply #4150 on:** July 21, 2021, 10:29:37 PM »

Finally!
I wonder if my email to James Rivera helped, although they just sent me the same generic reply I was getting all along

Fish Tank · « **Reply #4151 on:** July 21, 2021, 10:35:56 PM »

Quote from: dovy2 on July 21, 2021, 10:29:37 PM

Finally!
I wonder if my email to James Rivera helped, although they just sent me the same generic reply I was getting all along

Nice! When did you apply? And can you send me James email address please?

dovy2 · « **Reply #4152 on:** July 21, 2021, 10:44:28 PM »

Quote from: Fish Tank on July 21, 2021, 10:35:56 PM

Nice! When did you apply? And can you send me James email address please?

James.Rivera@sba.gov

dovy2 · « **Reply #4153 on:** July 21, 2021, 10:46:47 PM »

Besides the first paragraph, the rest is the generic copy-paste I've been getting for the past few months

happyyyr · « **Reply #4154 on:** July 22, 2021, 09:50:36 AM »

Quote from: TBD on July 13, 2021, 08:02:59 PM

Approved for increase

When did you apply for the increase?

TBD · « **Reply #4155 on:** July 22, 2021, 11:17:43 AM »

Quote from: happyyyr on July 22, 2021, 09:50:36 AM

When did you apply for the increase?

April

helpusout · « **Reply #4156 on:** July 23, 2021, 10:23:25 AM »

my loan increase has been in process for 3 months!! anything to do to move things along?

hvaces42 · « **Reply #4157 on:** July 23, 2021, 03:01:19 PM »

Quote from: helpusout on July 23, 2021, 10:23:25 AM

my loan increase has been in process for 3 months!! anything to do to move things along?

Mine was too and it was declined. Applied for reconsideration. Put me at the back of the line.

TBD · « **Reply #4158 on:** July 26, 2021, 04:17:02 PM »

Are there any expiration dates currently for applying for EIDL loans, and to receive invitations for Targeted advance/Supplemental?

cgr · « **Reply #4159 on:** July 26, 2021, 04:22:44 PM »

Quote from: TBD on July 26, 2021, 04:17:02 PM

Are there any expiration dates currently for applying for EIDL loans, and to receive invitations for Targeted advance/Supplemental?

All 3 programs will close when funds are exhausted or 12/31/21, whichever comes first.