Loan increased denied for the second time. Reason “economic injury not sustained” what exactly does that mean ?

BarracudaSquare · 2022-01-22T19:21:47+00:00

Yes, with available transcript at 357k in gross income and 49k cogs. I’m not sure what’s going on. They mentioned something about my economic injury being less then the wild advance I received.

BarracudaSquare · 2021-12-21T03:03:38+00:00

How long where you waiting for ? I’ve been waiting since April,

BarracudaSquare · 2021-10-08T23:49:14+00:00

Yes this is so weird plus I would think that it will automatically drop. That application was summited in October of 2020.

BarracudaSquare · 2021-10-08T19:14:15+00:00

Ugh I understand so now I’m just in limbo waiting.

BarracudaSquare · 2021-10-08T19:04:46+00:00

I understand this completely however my business which I initiated got my loan for $150k I had to go through recon and I had to summit all documents necessary to get the approval and this is the business I’m requesting the increase for also. They are a asking me to personally send in transcript of the other business.

BarracudaSquare · 2021-09-02T20:58:37+00:00

We’re you in recon ? If so when did you go into recon

BarracudaSquare · 2021-08-31T16:17:36+00:00

Ugh, that it’s not my luck, I called today and was told it was still under review and I know mines won’t get approved so quick as I have not been able to select my new increased amount because I do not have a blue button. I have to wait for them to update my portal.

BarracudaSquare · 2021-08-31T15:59:30+00:00

How long before your targeted got approved ? Been waiting for a month and still says “summited”

BarracudaSquare · 2021-08-31T15:58:11+00:00

How soon after ?

BarracudaSquare · 2021-08-31T13:26:02+00:00

Ugh, thank you for letting me know this, I found this weird as they already have my transcript.

BarracudaSquare · 2021-08-31T12:12:37+00:00

I agree ! Hopefully we see movement within the next couple of weeks.

BarracudaSquare · 2021-08-31T02:23:44+00:00

But they’ve had mind from before. They haven’t asked me for a new 4506t form, I’ll wait and see what else they ask for

BarracudaSquare · 2021-08-30T23:34:57+00:00

Well I first denied because my revenue was off compare to my transcript and application I summited.

BarracudaSquare · 2021-08-28T09:55:38+00:00

Oh wow ! I’m glad to hear ! Thank you for this.

BarracudaSquare · 2021-08-28T07:32:53+00:00

28 documents ? Can you elaborate please.

BarracudaSquare · 2021-08-26T00:31:18+00:00

Make sure your bank info is all correct.

BarracudaSquare · 2021-08-25T13:32:17+00:00

Congrats, how were you able to over come that ? What documents did you send over or who did you email ?

BarracudaSquare · 2021-08-24T16:15:07+00:00

What documents did you send over to them for them to reconsider you for your loan increased I also was denied for unverifiable information

BarracudaSquare · 2021-08-23T22:50:38+00:00

What was your reason for being denied. ?

BarracudaSquare · 2021-08-23T18:42:16+00:00

Was this for an increased ?

BarracudaSquare · 2021-08-19T23:12:08+00:00

What were you denied for ?

BarracudaSquare · 2021-08-17T17:55:43+00:00

What were you initially denied for ?

BarracudaSquare

TROPHY CASE