Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 700640 times)

Offline oldguy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« 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?

Offline cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4741 on: December 21, 2021, 02:10:29 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 ...
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Offline oldguy

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4742 on: December 21, 2021, 04:22:20 PM »
Provide invoices, organizing documents ...
How would that work with a schedule C? Invoice yes, but what other docs?

Offline cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4743 on: December 21, 2021, 04:22:40 PM »
How would that work with a schedule C? Invoice yes, but what other docs?
That's enough
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Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4744 on: December 21, 2021, 05:05:07 PM »
Provide invoices, organizing documents ...
Or a bank statement

Offline cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« 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?
Don't ask stupid questions and you won't get stupid answers

Offline coffeebean

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4746 on: December 22, 2021, 09:44:29 AM »
How long does it take once approved for the funds to come in?

Offline S209

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4747 on: December 22, 2021, 11:53:23 AM »
How long does it take once approved for the funds to come in?
Up to 5 business days
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline Moishy123

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« 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

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4749 on: December 22, 2021, 05:05:05 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).

Offline LoLo

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4750 on: December 22, 2021, 05:48:21 PM »
Been waiting since Nov 30 for a response.  >:(

Offline cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4751 on: December 22, 2021, 06:11:23 PM »
Any other reason besides unverifiable also seems to be taking much longer in reevaluation
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Offline coffeebean

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4752 on: December 22, 2021, 07:09:22 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

Offline Barryg

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4753 on: December 22, 2021, 07:09:57 PM »
Been waiting since Nov 30 for a response.  >:(
been waiting since May

Offline hvaces42

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4754 on: December 23, 2021, 11:40:59 AM »
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline Ver hut gazugt

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Offline Fish Tank

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4756 on: December 23, 2021, 11:57:13 AM »
been waiting since May
April for me
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.

Offline cholent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4757 on: December 23, 2021, 11:57:58 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
Don't ask stupid questions and you won't get stupid answers

Offline coffeebean

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« 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.

Offline Hjay

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4759 on: December 23, 2021, 12:35:37 PM »
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?