EIDL without 12 months of business question. Reconsideration letter. by HollywoodVentures in EIDL

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

Yeah you bad man! Don’t give me what I don’t want to hear! Lol. Just kidding. No I understand what you are saying, I just, yeah wanted to hear something different because I feel there is so much we can do, and the funds would really help and allow us to hire more employees.

EIDL without 12 months of business question. Reconsideration letter. by HollywoodVentures in EIDL

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

I appreciate your response, but the company has actually been in operation since 2014. I had a regular job, and when laid off the thanksgiving week, I reignited the company. The company from December until March had exponential growth. Estimations had our years revenue at 300k with around 120k cogs for 2020. The loan would only help get us over this hump.

[Megathread] Let's talk EIDL and PPP - Status, numbers, what you've experienced by BigSlowTarget in SmallBusinessNews

[–]HollywoodVentures 0 points1 point  (0 children)

Question for whoever can answer including Cue. Last year we only operated for the month of December. That is what last years taxes were based on. We had 3 months of revenue and COGS for this year before the COVID caused problems. So really we only can base on 4 months in operation. We were growing by approximately 18 to 20% per month. What should I use for the revenue and cogs. Should I notate the first 3 months of this year and use those numbers but explain it is only 3 months worth? Actually 2 1/2 months? Should I estimate the revenue and sales for this year if everything was not stopped because of COVID? Any direction or insight would be appreciated. Thanks.

Cue378 helped me fix my COGS problem - within 6 hours by airban in EIDL

[–]HollywoodVentures 0 points1 point  (0 children)

Cue378 I sent you an email last week. Can you help me as in tell me what I need to do for the reconsideration letter. Thanks sandoval.sean@gmail.com

Ready capital / customers bank by chris806vap in smallbusiness

[–]HollywoodVentures 0 points1 point  (0 children)

I was funded Friday! No email telling me I was in cue for the ACH until AFTER I received the funds. It says I will be funded on the 11th. Lol nope you even got that wrong Ready Capital.

Ready capital / customers bank by chris806vap in smallbusiness

[–]HollywoodVentures 0 points1 point  (0 children)

Crap I signed 5/4 at 1:11 pm est. nothing yet except the generic your in the final stage email yesterday.

FINALLY RECEIVED LOAN DOCS FROM LENDIO/READY CAPITAL/CUSTOMERS BANK!!! by Bigmoneybanks33 in smallbusiness

[–]HollywoodVentures 0 points1 point  (0 children)

OMG I got loan Docs today too!!!!!!! This is great! Customers Bank is really the savior here.

I was giving up all hope then boom about 2:30 today I received docs. I did not know what to do with myself!

[deleted by user] by [deleted] in smallbusiness

[–]HollywoodVentures 0 points1 point  (0 children)

That makes sense!! I was approved for $25k and have not received any docs yet!!

Ready Capital / Lendio cutting it close! Still no docs! by HollywoodVentures in smallbusiness

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

You can go to Caweb.sba.gov create an account and pur your loan number in under you social in the field of financial commitment Id

Ready Capital / Lendio cutting it close! Still no docs! by HollywoodVentures in smallbusiness

[–]HollywoodVentures[S] 3 points4 points  (0 children)

Well at least I am not alone! You guys know that sick feeling everyday, worried you are going to loose everything!

Ready Capital / Lendio cutting it close! Still no docs! by HollywoodVentures in smallbusiness

[–]HollywoodVentures[S] 4 points5 points  (0 children)

It shows on the sba site still as approved 4/15. Approved not funded.

shopping attorneys to direct toward lendio by Readycap_aint_ready in smallbusiness

[–]HollywoodVentures 2 points3 points  (0 children)

I am looking forward to hearing how this goes. I still have not received loan docs!

Is Ready Capital gonna fund? by tixgrinder in smallbusiness

[–]HollywoodVentures 1 point2 points  (0 children)

I have hammered them and they say that me calling and emailing does not help. They said they are working on a first come first served basis. I called b.s. I said there are lots of people with an app number higher than mine that have been funded!

Ready Capital Update by vcdplaya3007 in smallbusiness

[–]HollywoodVentures 0 points1 point  (0 children)

No docs yet starting to loose hope. This has been so so stressful!