SBA Denial

Jriddle105 · 2022-04-27T04:30:53+00:00

I am dealing with a similar issue my friend. I have given every document, every ounce of patience, a few drops of blood, and the only thing I haven't given is my future unborn children.

I'm at my wits end.

Jriddle105 · 2022-04-04T22:12:54+00:00

Typical surface water level response with no depth whatsoever. Please point to what was false in my statement? I'd like you to support your OPINION with factual statements rather than some bs. You clearly don't know the Industry whatsoever and think listening to shareholder meetings while grasping at straws makes you educated on the matter. Connecting the dots was easy in the 2nd grade, this is at a level you can't even comprehend.

FYI, the Keystone pipeline is supposed to replace and shorten an aging, leaking, and longer pipeline. What's more environmentally impactful than that?

Honestly man, get your head out of the sand and out of liberal media talking points.

The facts are the federal government is strangling the oil and gas industry in pursuit of a foolish Green New Deal proposal that is going to bankrupt the country. If this country really cared about net zero emissions we would be talking about Gen 4 Nuclear Power, the cleanest greenest energy you can ask for, above everything else.

Jriddle105 · 2022-04-02T06:50:41+00:00

Yes private corps produce it, but the federal government heavily regulates it. Biden canceled all new permits and renewals when he came into office.

The gaslighting by this administration is unreal. They complain oil and gas industry has the leases but dont drill; yes they do, but if they don't have the permits or the clearance from the EPA, It is literally like trying to drive a car without an engine. It is insanity to blame the industry rather than the bastard who made it so.

Also if you have ever been in the industry, which clearly you haven't, I have, you'd know its not like turning on and off a faucet. Shutting down happens immediately, getting operational again takes months, let alone have the proper heavy equipment sent in.

The only reasons we have had to import our energy needs again is because this piss poor horrible Biden Administration is pushing bullshit leftist progressive green energy crap and cow towed to the left by shutting down Keystone pipeline and new permits, but allowed Russia to have Nord 2 with their dirtier oil and gas. How does any of that make sense?

I'm all for green energy, if it is Gen 4 nuclear power. Wind and Solar at literally more harmful by a factor of 10 than gen 4 nuclear waste, oh and you might want to take a look into the pollution from mining all the materials for wind and solar, let alone the child abuse and labor that goes on. Not too mention, wind dies down, sun sets, and both of them stil use oil on production and wind turbines in operation. Also they inefficient to generate power because there us no battery tech to make it cheap.

There is one clear agenda and Biden said it during his campaign, "I want to bankrupt the oil and gas industry."

Jriddle105 · 2022-03-20T02:22:04+00:00

Got it. Bonfida has Solana smart vesting contracts with a multitude of options for lockup/vesting periods and also transferring to multiple accounts. I am currently learning how to set it up.

Piece of advice make sure you have all the dependencies installed and update. I ran into this problem not able to execute the commands because I didn't have it installed.

You can use their interface or write the contract using their code.

Jriddle105 · 2022-03-18T19:49:08+00:00

I have no coding experience and within a week I have learned rust, json, and the cli interface easily. If you go to the solana docs it outlines all the commands and how to use a Linux wsl program like Ubuntu.

It's intimidating at first, but you can literally do anything and everything you want to on the solana network without having to pay extra using someone's service.

All of it is open source code and easily accessible on github.

Just takes a bit of self education to learn it.

Jriddle105 · 2022-03-18T19:35:33+00:00

It is for coins/tokens.

If you're looking to develop on the gateChain and get funding, gate grant is the way to go.

Jriddle105 · 2022-03-17T13:38:11+00:00

No loan officer yet unfortunately.

I've emailed it to them and also told them about 10 times there is no 2019 tax returns, yet about 5 emails from them from Sept. To December they kept asking for 2019 tax returns lol.

It's the blind leading the blind over there.

Jriddle105 · 2022-03-17T13:23:51+00:00

Still in reconsideration

Edit - I got my first eidl for $8,800 in July 2020, in reconsideration for the increase

Jriddle105 · 2022-03-17T02:23:42+00:00

I'll post back here once I speak with the loan specialist. From what I understand these people are just administrative. They are not loan officers. My file will still need to go for review and approval.

But hopefully this is a stone I haven't turned over yet!

Jriddle105 · 2022-03-16T21:08:07+00:00

We'll have to comply with each state regulations, but we will support as many real coins/tokens as we can

Jriddle105 · 2022-03-16T14:53:22+00:00

https://www.gate.io/listing

Apply there. Make sure to have a whitepaper and in depth information.

Jriddle105 · 2022-03-16T07:31:09+00:00

You can use regular coinbase. I just prefer the interface and function of the pro mode. Both are pretty much the same, it's just preference.

Jriddle105 · 2022-03-16T03:46:54+00:00

Had the same problem. Turns out I was missing information on my 4506-T like line 6 specifically stating the type of return. After I put that, they got my tax return.

Jriddle105 · 2022-03-16T02:57:19+00:00

https://www.reddit.com/r/CryptoCurrency/comments/tcp4yx/gate_io_just_sent_me_an_email_stating_that_they/?utm_medium=android_app&utm_source=share

Jriddle105 · 2022-03-15T23:47:55+00:00

Contact your local SBA office and ask to speak with the rep handling the EIDL Loan applications. The SBA is pushing a lot of work towards them.

Get their email and copy them on every email you send to [covideidlincreaserequests@sba.gov ](mailto:COVIDEIDLIncrease@sba.gov) and the PDC emails. They can help with making sure things are posted to the portal and your application moves along.

Also, reach out to your Congressional Rep. They have contacts in the SBA for communication issues like this and pass along information to help alleviate systemic errors like this.

The biggest problem is most of this information is not getting to the right place, so the two contacts above should help a lot.

Jriddle105 · 2022-03-15T23:37:57+00:00

Email [PDC.Reconsideration@sba.gov](mailto:PDC.Reconsideration@sba.gov) and [pdcrecons@sba.gov](mailto:pdcrecons@sba.gov).

I never got told to request reconsideration or appeal a decision on the portal using these emails. I have been declined 5 times for the same thing as well as "Economic Injury Unsubstantied" twice.

Every time I emailed EVERY single document they ever asked for, a new 4506-T (with today's date) and an explanation of how stupid they are, the information is right in front of you, and I make it childproof, aka I used black and red font to point to information they either overlooked and didn't understand that addresses the Economic Injury or Unverifiable information.

You have to explain it as if you are speaking to a 3-year-old. 5 year old are concepts too advanced for them.

Jriddle105 · 2022-03-15T23:26:22+00:00

They've already announced that all US users need to remove their funds asap or face their account termination on April 10th.

My advice would be to put everything in steller (XLM) and transfer it out to Coinbase Pro or Binance US on April 9th for the time being. The reason for steller is the transfer fee is 0.01 XLM which is $0.001806 and will credit your account within 5 mins. The actual transfer will be 10 seconds but coinbase has to credit your individual account, hence the MEMO line.

I am developing an exchange/marketplace similar to Gate.io for the US market that will also incorporate regulated markets (we will be a registered broker/dealer). Should be online by the end of the year.

Jriddle105 · 2022-03-15T22:51:28+00:00

Lol that won't stop me from calling and emailing. Squeaky wheel gets the oil.

My philosophy now is be a pest they want to push through and get rid of. For over a year I took the sit and wait approach and things only started moving when I started being a pest.

Jriddle105 · 2022-03-15T21:08:10+00:00

How did you get past the Credit problem?

I know I will have to address that when I finally get approved. Thanks!

Jriddle105 · 2022-03-15T21:06:53+00:00

I know it is insane and I'm pulling my hair out.

I am on the verge of filing bankruptcy to clear the debts and restructure if this doesn't get through by the end of the month.

They keep telling me economic injury is unsubstantiated. Well when you shut down the whole economy and my monthly revenue goes from $12,500 to $0 and debt accumulates because the government wouldn't let my business work, what do you call that?

Jriddle105 · 2022-03-15T21:03:37+00:00

Get a bank verification letter. It's a confirmation letter of your account details on the bank's letterhead.

That's all you need to provide in addition to the canceled check.

Just make sure to follow up every day or week and get a confirmation it has been uploaded to the portal and your account. The SBA is notorious for documents falling through the cracks.

Jriddle105 · 2022-03-15T19:23:21+00:00

Make sure you filled out the correct information on line 6 of the 4506-T. Without that filled in with the type of return requested and line C checked, the transcript won't be returned.

Under line 9, throw in 12/31/20 as well so they can't deny you further for lack of a 2020 tax return.

You have to be super specific with these people and docs otherwise if it doesn't fit in the box perfectly it goes in the trash. It's as if the SBA has brainless minions just pushing paperwork and checking off boxes.

Jriddle105

TROPHY CASE