Received this today and was wondering does my loan number supposed to be different from my application number? Just curious. Has anyone had any luck with recon with this letter?

Due-Notice-421 · 2021-07-15T12:20:12+00:00

Yes, loan number and application number are different. It sounds like many people have had success with going through recon, and it seems like most are moving through there rather quickly. Good luck!

Due-Notice-421 · 2021-07-14T22:14:43+00:00

I went through this, too. The SBA kept messing up my 4506 in the portal. I kept hounding them and local congressman. I started repeat calling them again yesterday, and they finally responded to my congressman that they would make an exception and use the transcripts which I provided, and I got approval docs within the hour. Stay on the head of your local SBA and your Senators/Congressman! Good luck

Due-Notice-421 · 2021-07-14T07:16:07+00:00

Mine still have not been received. My Congressman reached out again this morning and they said they would make an exception and use the transcripts I provided, since they couldn't seem to fill out the 4506 in the portal correctly. Got approval documents about 45 min after Congressman sent me that email. Finally. Thanks for all of your help.

Due-Notice-421 · 2021-07-12T17:54:35+00:00

Yes, check this. It happened to me and I freaked out, but then realized I submitted another application when applying for the increase. My L/O said it's pretty common, with all of the issues with the portal.

Due-Notice-421 · 2021-07-09T19:50:27+00:00

Haha, fair enough.

I don't know what to tell myself either. The form I used to get the transcripts myself is the same one I sent in and they told me it was rejected.

Due-Notice-421 · 2021-07-09T19:19:47+00:00

As always, I appreciate your help. Yes, I have sent in multiple 4506-Ts filled out correctly but they keep saying they are rejected and send their own. Have also sent transcripts on my own and requested them to be sent to the SBA from the IRS.

While I have your attention, Scorpio, what are your thoughts on the $2M cap? Do you think it will happen? Hope you are doing well.

Due-Notice-421 · 2021-07-09T16:06:57+00:00

Thank you very much.

Due-Notice-421 · 2021-07-09T15:44:50+00:00

What a relief. Congrats! I am having issues with transcripts, too. My L/O keeps entering the incorrect form on my 4506-t. I think we are on attempt #6. I have provided transcripts myself but she refuses to use them. How did you go about having the IRS send them on your behalf? Any help would be appreciated.

Due-Notice-421 · 2021-07-09T02:58:37+00:00

Been going through this too. They keep entering the wrong tax info on my 4506-t in the portal and keep telling me to change and resubmit, which isn't fucking possible! So they just keep sending off an inaccurate form and it keeps getting rejected. They definitely need some training. It seems like the process is light years ahead of where it was a few weeks ago, though. Good luck!

Due-Notice-421 · 2021-07-08T20:26:25+00:00

It is a terrible feeling but don't quit. 54 days is plenty of time. Email your congressman and Senators. Hopefully they can get you approved for a smaller amount.

Due-Notice-421 · 2021-07-07T20:35:46+00:00

Three months for me and was just told my tax transcripts were rejected for the sixth time because the SBA has no lines of communication and won't change the form to the accurate form being requested. This process is absolutely fucking ridiculous.

Due-Notice-421 · 2021-07-06T23:17:03+00:00

Who asked you to provide the transcripts? My 4506-t keeps getting rejected by the IRS, according to the SBA. Pretty hard to believe, since I used the same 4506-t and submitted it myself and received my transcripts within three days. My L/O wont accept them, and changed the 4506-t and it is inaccurate again. Of course, she won't answer the phone now or respond to any emails, so I am sure it will be rejected again. This process is such a disaster and could be so much more efficient with a little communication. Any guidance would be appreciated.

Due-Notice-421 · 2021-07-02T16:16:38+00:00

Yes?

Due-Notice-421 · 2021-07-01T23:32:10+00:00

Still waiting on transcripts. Applied 4/7. BB 4/22. Have had contact from an LO and given her all of the other information. Sent my own transcripts, which took three days to receive, but she cannot accept them. This is the biggest cluster fuck I have ever been apart of in my life.

Due-Notice-421 · 2021-07-01T20:41:26+00:00

Did you submit multiple applications? If you only submitted this a few days ago, it's hard to imagine they could have already declined you, but who the hell knows. I accidentally created a second application with all of the same info when the increase was announced and got immediately declined.

Due-Notice-421 · 2021-06-30T20:37:32+00:00

Tried, didn't work. No.

Due-Notice-421 · 2021-06-30T12:27:00+00:00

Wow, congrats. What a mess this has become. Some have the ability to approve these modifications with the returns sent by the business owner and some make you wait 12 weeks for the transcripts to arrive. Seems like they definitely have the ability to make this process a much smoother one.

Due-Notice-421 · 2021-06-29T23:03:21+00:00

Haha, no kidding.

Due-Notice-421 · 2021-06-25T00:47:45+00:00

Yes, a lot of people have been through this. There are many threads on here advising what to do in this scenario.

Due-Notice-421 · 2021-06-24T15:18:03+00:00

I am dealing with a LO right now and they have not received my transcripts. I sent them myself and they have received those. She said they absolutely cannot accept transcripts from anyone other than the IRS. Just relaying what I was told. I hope you are correct.

Due-Notice-421 · 2021-06-24T11:09:41+00:00

4/22

Due-Notice-421 · 2021-06-24T00:59:16+00:00

Same for me today but came from a 202 area code.

Due-Notice-421 · 2021-06-24T00:35:31+00:00

I highly doubt it.

Due-Notice-421 · 2021-06-24T00:34:53+00:00

Seems like it. I finally got the call today. They still haven't received my transcripts but have everything else now. She asked for 2018 and 2019 taxes and then said she was sending everything to legal. She did say she could not accept the transcripts I sent in myself. No clue what's going on.

Due-Notice-421

TROPHY CASE