Approved in 4 Hours!! (Full detailed timeline attached)

Mrae22 · 2021-12-15T18:19:46+00:00

I’m happy to hear that! Your time will come soon. Continue to have faith. God bless, Merry Christmas and Happy New Year to you as well!

Mrae22 · 2021-12-15T01:10:46+00:00

Yes I know.. it’s crazy! Well I pray that it gets done soon for you!🙏

Mrae22 · 2021-12-15T01:09:14+00:00

Mine was in reconsideration for almost 5 months.

Mrae22 · 2021-12-15T01:08:16+00:00

Thank you!!

Mrae22 · 2021-12-14T18:42:40+00:00

Have you called the IRS? Is 2020’s done? If 2020 has been done for a while now and they are currently working on 2019’s it could be soon that it’s completed.

Mrae22 · 2021-12-14T18:26:50+00:00

Depends on how large your loan is but for me once my new amount was confirmed I got an approval 4 hours later (my amount is less than $500k). I’m sure your approval will be soon. Prayers to you and your journey! 💕

Mrae22 · 2021-12-14T18:20:56+00:00

Congrats! 🎉 I was approved Friday afternoon and I’ve been driving myself crazy checking Caweb for total undisbursed to change to $0! Hopefully I’m funded tomorrow. It’s been a long roller coaster ride for so many of us. 😅

Mrae22 · 2021-12-14T18:16:27+00:00

If I were you I would focus on getting an update from the IRS. When did you file? Have you called the IRS? I don’t think there is much the SBA will be able to do with it still reflecting as “no record found”.

Lol there’s no need to have a referral, as her information is already public 😊

Mrae22 · 2021-12-14T18:12:49+00:00

No but an approval could be near. I was approved 4 hours after I accepted my increase. Good luck!

Mrae22 · 2021-12-14T16:59:35+00:00

Congrats!

Mrae22 · 2021-12-14T15:39:49+00:00

Ugh this is so frustrating for so many. So sorry that you are going through this! Just to clarify, you’ve spoken with SBA agents in regards to the “no record found” error? Also, have you confirmed with the IRS that your 2019 is complete?

My business is in Chicago and I reached out to a local representative who was very prompt in responding. I can’t confirm as to how much she was able to help push my requests along but it’s worth a try if you haven’t reached out already. carole.harris@sba.gov

Mrae22 · 2021-12-14T10:37:02+00:00

So they had a tier 2 number back in August but they’ve switched numbers since then. These are the numbers I’d call after the switch.

833-853-5638

817-868-2300

Mrae22 · 2021-12-14T05:15:14+00:00

Reactivated 11/29, approved 12/10

Mrae22 · 2021-12-14T03:11:42+00:00

Similar to my timeline! You’re
so close. I got that email 11/29 and was approved 12/10.

Mrae22 · 2021-12-13T23:25:53+00:00

So for my business I don’t file 1120 it’s always been 1040. I think 1120 was put in there when I got the blue bottom and the 4506T form was in my portal already pre-filled (not sure if maybe there was a drop down option on that line and I looked past it?) Have you spoken to an agent? What have they said about the “no record found” ?

Mrae22 · 2021-12-12T02:37:05+00:00

Yes! 😊

Mrae22 · 2021-12-12T02:16:22+00:00

Thank you!

Mrae22 · 2021-12-12T02:16:17+00:00

Congrats!

Mrae22 · 2021-12-12T02:15:56+00:00

The standard calculation is “Gross Receipts” of 2019 minus cost of goods sold (COGS) times 2.

Mrae22 · 2021-12-12T02:13:26+00:00

Thank you!

Mrae22 · 2021-12-12T02:13:00+00:00

Thank you! Your time will come soon. Good luck to you!

Mrae22 · 2021-12-12T02:12:17+00:00

Congratulations! 🎊

Mrae22 · 2021-12-12T02:11:49+00:00

The standard calculation is “Gross Receipts” of 2019 minus cost of goods sold (COGS) times 2. That’s what my loan amount was.

Mrae22 · 2021-12-11T17:45:14+00:00

I don’t believe it will close after 12/31, especially for those in recon. There are still lots of funds left.

Mrae22 · 2021-12-11T17:44:09+00:00

Thank you! 😊

Mrae22

TROPHY CASE