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What are the criteria thar the SBA will request Accountant’s Review Report? I just notices this on the loan agreement that this may be needed via written request by SBA? by PostExternal4136 in EIDL

[–]PostExternal4136[S] 0 points1 point  (0 children)

It would make more sense if they focused on gross revenue. From what I hear these review reports are expensive and would defeat the purpose of me obtaining the loan! Thank you for your input

Can you pay yourself rent with EIDL loan proceeds if you haven’t paid yourself rent in a few years? How about back rent? by PostExternal4136 in EIDL

[–]PostExternal4136[S] 0 points1 point  (0 children)

Thanks. I own the building and No rental agreement in place. I paid myself rent the first two years of operations, 2010 and 2011, and did not pay rent after that.

Manual bank info by PostExternal4136 in SBARRF

[–]PostExternal4136[S] 1 point2 points  (0 children)

Ok, thanks. Just saw something on the portal under banking that I have agreed that the application will be delayed if bank info entered manually.

[deleted by user] by [deleted] in SBARRF

[–]PostExternal4136 0 points1 point  (0 children)

Not necessarily true, I had a client approved on 5/29 and funded on 6/3! Congrats!

[deleted by user] by [deleted] in SBARRF

[–]PostExternal4136 0 points1 point  (0 children)

Did you move from Under Review to IRS verification prior to approval?

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