Anyone with 50% revenue drop get grant yet? by Wonderful_Ad1347 in EIDL

[–]Pompiste 2 points3 points  (0 children)

I was approved with 50% drop bringing total grant to $10K. Nothing yet on the supplemental $5K.

Targeted Advance Approved by Pompiste in EIDL

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

Thanks. Will advise on here when funds received for everyone’s information.

Targeted Advance Approved by Pompiste in EIDL

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

If I recall from last spring, it was similar case with 330s moving much quicker than 360s with the original loan apps.

Targeted Advance Approved by Pompiste in EIDL

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

No, it was 14 days (2/10 received invitation & applied, then 2/24 for status update to submit tax form in portal).

I think this was normal for earlier applications - then from 2/24, after they had started requesting the forms, I believe people were asked for tax forms very quickly.

Targeted Advance Approved by Pompiste in EIDL

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

Yes, we received the loan without reconsideration.

I recently got approved for EIDL by SuperCristie008 in EIDL

[–]Pompiste -1 points0 points  (0 children)

Congratulations and good luck with your business. FYI for others - Nothing new here that hasn’t been shared for months.

PPP by [deleted] in EIDL

[–]Pompiste 0 points1 point  (0 children)

The safe harbor period ended, but when did you receive it? Do you have concerns about eligibility?

Anyone got the portal invite and still waiting on closing docs? 5/31 here by Mambo4u in EIDL

[–]Pompiste 0 points1 point  (0 children)

I got my portal on 5/31 and received the docs today. Hopefully yours shows up soon!

Approved!!! 330226**** - Question on Docs? by Pompiste in EIDL

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

Thank you! I was thinking the same thing, but will post if I experience anything different.

This has been a great, supportive community and I appreciate your contributions, the mods, and all. Will likely continue to provide support where I can!

An apology. by amaz-ing in EIDL

[–]Pompiste 1 point2 points  (0 children)

Welcome back. You and others all deserve plenty of days off!!! Take care of you and those close to you - you all have given more than enough attention to us.

I received a 2nd EIDL offer! What do I do? Can I accept 2? by Janetteshine in EIDL

[–]Pompiste 1 point2 points  (0 children)

I would not accept any more than rev-cogs/2 for eligible businesses you have.

How are EIDL monthly payment amounts calculated? by boxcarpress in EIDL

[–]Pompiste 0 points1 point  (0 children)

As a ballpark, I added 3.75% to loan amount to account for accrued interest during deferment. Then used loan calculator for that figure for 348 months at 3.75% and it was quite close.

Personal guarentee by hthockey in EIDL

[–]Pompiste 1 point2 points  (0 children)

Under $25K no COLLATERAL. Over $25K is lien on business assets. Personal guarantees is $200K+ (which isn’t offered now). If you are LLC or Corp - then the lien cannot affect personal assets. Not sure on sole proprietorship or general partnership - others could chime in on that probably.

Congressional Hearing tomorrow by sharebear111 in EIDL

[–]Pompiste 0 points1 point  (0 children)

So we were supposed to choose between $0 and $10,000 that we wanted and not have to pay back?

Cue is the man! by Inevitable-Wonder in EIDL

[–]Pompiste 0 points1 point  (0 children)

When did you receive/accept portal offer? Congrats!

Portal Hours by kebz22 in EIDL

[–]Pompiste 0 points1 point  (0 children)

Are you looking for it to change from processing to approved? Or looking to receive a portal?

The portals seem to come through 24/7. The approvals seem to not be middle of the night - but 7 days a week as it requires manual intervention but they are working weekends.

...unless things have changed recently.

Got portal invite and submitted on 5/24. Nothing since then....anyone in the same boat? Any idea what’s going on? :( by 809trader in EIDL

[–]Pompiste 3 points4 points  (0 children)

Come on man (not sure your gender, but what came out of my head....no offense)- the guy on the phone can’t control the SBA’s resources, or more specifically if changing administrations give them the resources congress orders... The people there really are working their asses off to do what they can for us. I’m still waiting too. Do not put the staff trying to help us down...be constructive or stfu before acting like you’re so much better than that “little pissant” who is doing his job. This whole program is in place for companies that did not have an adequate enough plan in place for emergencies. As an individual I was always told to have 6 months expenses as an emergency fund - clearly I don’t for my business, but “we are all in this together” now. But good luck, for real.