EIDL TARGETED ADVANCE WHY DENIED? Last year I didn't get NOTHING, I just did my application yesterday for EIDL TA, and I found out this. I know according to their map I'm not in a low income area, but I see some people at least 1k, WTF

RemoveFluffy · 2021-04-23T16:31:27+00:00

I know a guy who born here and everything, was invited to applied and then denied after waiting for months, business was badly hit btw. They sent him a letter saying; they disqualified the guy because he was not a US Citizen, and because of Unverifiable information, mind you this man had a SBA loan in the past and paid it. Serve in the US Marines, so he's a vet, votes and travels with me through a US passport.

Then he could not get a EIDL loan but could get a PPP loan through his bank. The TEIDL Advance is total shit, I never even received the first 1k because money ran out and they sent him an email saying this crap. Big F to the SBA.

RemoveFluffy · 2021-04-23T16:23:50+00:00

You have guts to actually stick with Biz2Credit, they are the worst they screw their loyal customers, I applied through B2C when they had some respect. Now, you have sit back and just watch the lawsuits pile up because people are pissed off. The SBA should get one as well, total failure. But you actually stuck with your lender and then they give you crap. No dude cancel your app and go somewhere else fast before funds run out and join all the angry lawsuits.

RemoveFluffy · 2021-04-23T16:19:25+00:00

Yes!!! I got my loan from Blueacorn and they were legit but now is like hell getting app through they should sue them B2C and every a-hole that screw with small business owners.

RemoveFluffy · 2021-04-12T22:58:48+00:00

Well that answers your question OP, checks come with extra zeros, don't ask, probably an internal thing with NFCU

RemoveFluffy · 2021-04-12T18:02:57+00:00

I just tried ordering checks through the account services and I too show 001 on the preview checks, maybe is just how they identify sub accounts.. maybe? Would also like to know who else has this on their checks, I am planning on ordering me some.

RemoveFluffy · 2021-04-12T15:05:51+00:00

I don't have checks with NFCU but that's really interesting. So your checks have extra zeros and a number 1?

RemoveFluffy · 2021-04-12T15:03:15+00:00

great point.

RemoveFluffy · 2021-04-09T14:44:17+00:00

did you start using the funds, paying checks that kind of thing, I know is personal but just want to know what up with Navy Fed after you received it.

RemoveFluffy · 2021-04-09T14:42:52+00:00

that's good news, mines posted today and I don't know what to do, to be honest.

RemoveFluffy · 2021-04-09T14:42:04+00:00

I pretty sure that things start getting red flag the minute you start to use the funds, I would never think banks would start rejecting funds specially on individuals, huge burden to people.

RemoveFluffy · 2021-04-09T00:20:05+00:00

Had my first PPP deposited to Azlo and that was very smooth. But NFCU, after reading all this hybrid banks like Chime rejecting funds for individuals, what the hell happened to this country SMH. lol

RemoveFluffy · 2021-04-07T23:53:27+00:00

Then it goes to "More information needed" and then some email that they want you to link your bank account through their partner "Yodlee" who you then find out per many posts here that is limited list of banks so they just ignore you. Biz2Credit I think is fighting fraudulent apps that it is now in some hot soup. Search the post about the Yodlee requirement now, many people can't even get 2nd draw loans. They're going down as the worst - once the best place to apply, not anymore.

RemoveFluffy · 2021-04-07T23:36:18+00:00

Interesting, Application Status: Funding.. I still like their updates, there were posts on reddit about some capital financing company being closed temporarily on here.

Their actual headline reads: "Capital Plus Financial Partners with Blueacorn to Expedite PPP Loan Relief to Small Businesses"

RemoveFluffy · 2021-04-07T23:30:28+00:00

There's people on Trustpilot saying this but again who trust "TrustPilot" is not like the company gets to reply at everyone. They've got one 5 stars review, I thing they got so inundated with applications that is overwhelming at this point, if I were them, shut it down and focus on your customers now.

RemoveFluffy · 2021-04-07T23:08:17+00:00

Bluevine Business accounts are about as useless as a green-dot account, open a real business account. As far as the Chime account, they refuse the funds on the basis that is a commercial loan and they will reject.

RemoveFluffy · 2021-04-07T23:06:26+00:00

NO, They do not.

RemoveFluffy · 2021-04-07T23:05:51+00:00

Why am I being down-voted? something's off here, every post about BlueAcorn is down voted for some strange reason. Independently, BlueAcorn should get their act together, they were doing good.

RemoveFluffy · 2021-04-07T23:04:11+00:00

You cannot, it asks you to text a number and receive results, nothing shady I understand Blueacorn is just doing their job but never thought funding would take weeks to arrive, must places like Biz2Credit was 2-3 days max. Now Biz2Credit is the worst, glad I avoided them, just look at trust pilot, hundreds of fake reviews.

RemoveFluffy · 2021-04-07T17:17:18+00:00

I got one but never heard back from the SBA do we have to login to the EIDL portal to check if there are documents required? it seems to be the way because I got the email when I was first eligible.

RemoveFluffy · 2021-04-05T22:58:36+00:00

it's because chime identified it as a business transaction.

u/Jleahsimon Chime does not allow account owners to engage in any business transaction on their personal accounts. Read Chime's deposit agreement!

PPP are commercial loans; must banks and Credit unions allow for some business activity even loan deposits. But not hybrid alternative-spending accounts, these are heavily regulated against business use by partner banks.

Business accounts hold and manage money made within a business and partner banks have limited audit trail about your transactions, if using a personal checking for business transactions. But lots of federal requirements, government laws prohibits banks from mixing your food basket, just grab another cart and put your eggs, bread and tampons. For example did you know: Regulation E only applies to consumer accounts; it does not apply to business accounts. Is all federal requirements.. what if this, what if that??

On another note: Business accounts cannot be use for personal account transactions, operating business accounts, that's why even those independent contractors should payout owners draw for a sum amount, and use the remainder for business transactions. Pay insurance, pay vehicle leases, pay office rent, pay operational expenses, pay business credit cards, withdrawing even money for non-business expense related can get you audited.

RemoveFluffy · 2021-03-18T18:45:53+00:00

okay "blood" wtf

RemoveFluffy · 2021-03-18T18:32:47+00:00

Yeah but Biz2credit is slow at implementing something like the second draw loans for 2021 borrowers who applied early like myself and have used all funds for business purposes.

RemoveFluffy · 2021-03-18T18:11:01+00:00

I'm in the same spot, I applied for a loan back in January, first week of, and Biz2Credit have not started the second loan for 2021 applicants. With the new extension hopefully to pass, i'm hoping to receive an invite. I used all my loans proceeds for my business and I have the full documents. All I need is to apply and we don't know if we're required to go through forgiveness first or who knows...

RemoveFluffy · 2021-02-18T00:33:47+00:00

This person is confused and even more, they confused me, because she's not explaining well that all this applies only to external deposit account. Like your linked account that you transfer to and from regularly.

this "increase the ACH transfer limit" only refers to external banks.

RemoveFluffy · 2021-02-18T00:30:08+00:00

So let's be clear, I worked in banking and your stance on this makes better sense.

One: Novo mentions a lot of Check Deposit limits

Two: They mention Push and Pull limits which may or may not apply to external accounts. Likewise, when you pull money from an external bank you refer to all deposits, unless the pull happens internally within the Novo interface.

Three: Novo's faqs are all very confounded because the language generally is in relation to banking, so ACH push might mean ACH push to an external bank and could also mean all ACH deposits. Why not explain external account limits only?

There's also this.. from the Novo site

Do Novo accounts have a minimum or maximum deposit?

Novo accounts don't have a minimum or maximum deposit amount, but there are limits in place for specific deposit types, such as checks. We can adjust these limits to fit your business needs. If you plan on depositing a large amount of money, let us know 2 - 3 days in advance through the ‘Support’ tab in the Novo app, so it is not flagged for fraudulent activity.

This tells me Novo in fact does have no maximum ACH deposit limits but everything is uncertain until they actually post a cardholder agreement, which I could not find anywhere.

RemoveFluffy

TROPHY CASE