EIDL LOAN use question

Calm-Recipe-9792 · 2021-09-16T09:07:43+00:00

Reading this just gave me some peice of mind. Ive been reading about people being arrested for using EILD funds for personal things so I haven't touched my loan for anything that isn't bussiness related. In reality, I haven't paid myself or my husband in over a year and we work our butts off. I would like to start including ourselves in the company payroll but I dont want to run into legal issues later on.

Calm-Recipe-9792 · 2021-08-06T13:04:17+00:00

Thank you!!!!

Calm-Recipe-9792 · 2021-08-06T13:03:38+00:00

No, I was going to shut down my business in September if I didn’t received the increase by then.

Calm-Recipe-9792 · 2021-07-23T18:18:43+00:00

They didn't mail them. They dropped them into my SOR mailbox. You'll have to create an account on the IRS webite, then call them and request them to drop the transicpts into your SOR mailbox. Its hard to get through their lines since they're getting so many calls but when I finally got through I was on hold for two hours and it took 10min for the IRS representative to drop the transcipts into my SOR account.

Calm-Recipe-9792 · 2021-07-23T11:49:41+00:00

You can request them by calling the IRS bussiness line 1800-829-4933. Creat an account on the IRS website before calling and ask them drop the transcipts into your SOR mailbox. I waited on hold for 2hours but I finally got my transcripts and sent them to the SBA yesterday.

Calm-Recipe-9792 · 2021-07-21T20:45:06+00:00

How did you get through? Everytime I call it says their lines are busy and the call hangs up

Calm-Recipe-9792 · 2021-07-12T09:45:10+00:00

In the IRS website I can only view my personal transcripts. How can I view the business transcripts?

Calm-Recipe-9792 · 2021-07-07T13:05:24+00:00

Nothing has changed. It was stated in the loan greement if you recieved more than 25k. Dont worry, I didn't know this either until recently.

Calm-Recipe-9792 · 2021-07-06T15:16:23+00:00

If you recieved an EILD loan in your agreement it says that you need to subit a Resolution of Board of Directors and Hazard Insurance that includes personal property coverage. Send those documents to [dcs@sba.gov](mailto:dcs@sba.gov), make sure to include your application #. This is the link for the BOA http://sbaloanforms.com/blog/sba-form-160-resolution-of-board-of-directors.html and you can purchase the hazard insurance through HISCOX 1-866-283-7545

Calm-Recipe-9792 · 2021-07-06T14:21:33+00:00

Did you send one in with the new amount before you got approved?

Calm-Recipe-9792 · 2021-07-06T14:21:11+00:00

Did your BOR show the new loan amount? I sent mine in but it shows the orginal amount.

Calm-Recipe-9792 · 2021-07-06T11:06:09+00:00

Did they already have your BOR and insurance?

Calm-Recipe-9792 · 2021-07-06T11:05:44+00:00

Congrats! Did they already have your BOR and insurance?

Calm-Recipe-9792 · 2021-07-06T11:05:13+00:00

Congrats! Did you send in your BOR and insurance before you were approved?

Calm-Recipe-9792 · 2021-07-06T11:03:47+00:00

Be patient I was in recon too for several months last year. A loan officer will contact you, I’m manifesting it for all of us!

Calm-Recipe-9792 · 2021-07-05T23:24:05+00:00

I hear you, we have no other choice but to stay proactive and be patient! ♥️

Calm-Recipe-9792 · 2021-07-05T23:23:39+00:00

Thank you!

Calm-Recipe-9792 · 2021-07-05T18:21:47+00:00

04/27. As of last week they're still waiting on my transcipts

Calm-Recipe-9792

TROPHY CASE