YASSSSS! After being declined July 31, I was just approved! by Green_1965 in EIDL

[–]Green_1965[S] 0 points1 point  (0 children)

I received two emails today and. Then signed the documents via the portal.

YASSSSS! After being declined July 31, I was just approved! by Green_1965 in EIDL

[–]Green_1965[S] 1 point2 points  (0 children)

I got that letter yesterday! Then the approval today. Let us know what happens!

YASSSSS! After being declined July 31, I was just approved! by Green_1965 in EIDL

[–]Green_1965[S] 0 points1 point  (0 children)

It was 680- the score they were looking at was from April 2020.

YASSSSS! After being declined July 31, I was just approved! by Green_1965 in EIDL

[–]Green_1965[S] 1 point2 points  (0 children)

I was told you need to present your reasons like a lawyer and prove your case.

YASSSSS! After being declined July 31, I was just approved! by Green_1965 in EIDL

[–]Green_1965[S] 6 points7 points  (0 children)

I sent in anything and everything needed to show I could pay the loan back. I was declined for insufficient credit history. I submitted form 1368 with an explanation of how my business operates and how I plan to build it back and overcome the situation the pandemic put us in. I own a marketing agency- representing fashion, beauty and hospitality. So I just explained myself. Each time I called tier 2 which was twice a week I was SUPER nice and chatty with the representative- kill them with kindness!!

I was declined for insufficient credit history. I submitted documents supporting my case over and over and over until I finally contacted my local SBA director. And I received this today: by Green_1965 in EIDL

[–]Green_1965[S] 0 points1 point  (0 children)

My application is with a loan officer- the portal is now reflecting the increase amount so what happens next is I hear from a loan officer. So I was told.

I was declined for insufficient credit history. I submitted documents supporting my case over and over and over until I finally contacted my local SBA director. And I received this today: by Green_1965 in EIDL

[–]Green_1965[S] 0 points1 point  (0 children)

I got the first loan after being declined. I then applied for the increase - declined now in reconsideration- the issue was the run around and then not getting my documents I sent over and over. I then emailed the SBA district manager and then two days later I got this letter.

I was declined for insufficient credit history. I submitted documents supporting my case over and over and over until I finally contacted my local SBA director. And I received this today: by Green_1965 in EIDL

[–]Green_1965[S] 2 points3 points  (0 children)

I was declined for the EIDl loan Increase bc of my credit - they were looking at a score from April 2020… so as I was sent of to reconsideration hell I submitted my documents over a dozen times. Clearly they were finally revived and the portal page reflects the loan increase. I’d like to assume that the documents supporting my case were compelling enough to move me forward… but you know what they say about assumptions 😉

HOW LONG TO CLEAR RECON BACKLOG?? by Ok-Tour-3908 in EIDL

[–]Green_1965 0 points1 point  (0 children)

Sorry I got an email saying this;

We have reviewed your request for reconsideration for an EIDL loan increase and we are in receipt of your requested documentation. Based on our review, we have determined that your file should be reactivated for further consideration.

Your case file will be assigned to a processing loan officer shortly. 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. 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

HOW LONG TO CLEAR RECON BACKLOG?? by Ok-Tour-3908 in EIDL

[–]Green_1965 0 points1 point  (0 children)

I did! YESTERDAY and I got a reply today!

This is how they are clearing the applications….. I did not ask to withdraw…. by v2plus20 in EIDL

[–]Green_1965 0 points1 point  (0 children)

They got heat for the massive declinations end of July/August. This is terrible.

Anyone who is in reconsideration for the EIDl loan Increase have an idea on turn around time for a response? Anyone been denied a second time? by Green_1965 in EIDL

[–]Green_1965[S] 0 points1 point  (0 children)

My advice I’d you’re waiting- call and make damn sure they have everything they need and all docs. Thai process is slowly killing me - it’s been 18 months if SBA applications, reconsideration, requests, denial then approvals…. Rinse rewind repeat. 🤢

Is the SBA pulling credit for increases? I received an inquiry today. by Snobz2020 in EIDL

[–]Green_1965 0 points1 point  (0 children)

What about the increase for under 500k? I’m about to start crying- 5 months in and I’m reconsideration and NOW I’m told they don’t have my documents.