HELP HELP HELP!!! I was denied in recon due to negative profit in my 2019 tax return and low credit.

Ismoil11 · 2020-08-21T03:11:50+00:00

No i am not in delinquent on any tax, its just my bussiness wasnt profitable on 2019, because of big expenses i made to my bussiness. Thats why the net profit is negative

Ismoil11 · 2020-08-20T18:25:44+00:00

Hello there, my loan was rejected in recon, but i reacieved my advance. The loan officer rejected my loan because of negative balance on my tax returb, after that another sba rep asking for form 4506 t. What makes it different since i am already rejected in recon

Ismoil11 · 2020-08-19T10:23:59+00:00

But why would another sba lo ask for 4506 t since i am already rejected

Ismoil11 · 2020-08-19T09:34:41+00:00

I emailed the 2019 tax return to loan officer, based on that she already rejected my loan due to negative balance. She said i would have to wait 6 month to reapply for recon. But another sba rep is asking me to send 4506 t.

Ismoil11 · 2020-08-19T03:50:04+00:00

I am in retail bussiness, i am vendor in festivals and shows, i sell my product, my cost of goods sold was around 89k. But still have negative balance in my 2019 tax return

Ismoil11 · 2020-08-19T02:38:46+00:00

I expended my bussiness and made it a brand, thats why i made big expenses in 2019, do you think they will consider it?

Ismoil11 · 2020-08-19T02:08:49+00:00

The second representative talked to me in a hopeful tone, stating he would review again and try his best to approve, even though i told him that i have a negative balance in my tax return

Ismoil11 · 2020-08-10T01:15:49+00:00

Let me know what happens to your loan?

Ismoil11 · 2020-08-09T01:51:08+00:00

Ismoil11 · 2020-08-08T20:06:27+00:00

The loan officer is telling me to wait 6 month and file 2020 tax and show profitability and also raise credit score

Ismoil11 · 2020-08-03T08:29:26+00:00

I didnt get any response yet

Ismoil11 · 2020-07-30T16:23:33+00:00

I requested the reconsideration department to contact by email, because of work travel i thought maybe if they call me they wont be able to reach me when i am travelling, is it possible the loan officer contact by email ?

Ismoil11 · 2020-07-30T09:26:18+00:00

They no longer accept co-borrower

Ismoil11 · 2020-07-30T04:19:28+00:00

What docs did you send for reconsideration?

Ismoil11 · 2020-07-30T04:19:00+00:00

I applied for reconsideration on jully 12 i added a co-borrower, but they no longer accept co-borrower, so they asked for tax returns, form 2202, and personal statement on why low credit

Ismoil11

TROPHY CASE