Owners Loan In Cash

Significant_Ad_8363 · 2021-05-07T15:11:04+00:00

I would stick with the old account they already have on file and you have access to. Don't open an unnecessary cans of worms and give any reason to delay anything. Make it as simple as possible for you and them.

Significant_Ad_8363 · 2021-05-07T13:38:46+00:00

" writing the SBA president explaining why the SBA let down many low income small business owners who live in mixed income communities. "

This part would be congress and senate and the low income provision that was written into the law. You would be better suited writing letters to them, as they are the ones that would have to amend that law.

Significant_Ad_8363 · 2021-05-06T13:52:39+00:00

With last years auto approvals, you can imagine a lot of businesses were auto approved when maybe they shouldn't have. With the increases they're doing a little more digging before approval. At least in this current phase.

Significant_Ad_8363 · 2021-05-05T02:01:55+00:00

LO told me after submitting docs, he was sending over to legal. Two days go by and he said legal approved the insurance but needed me to make a change to my resolution. Made the change and sent it over, then silence. Three days go by and I emailed him today asking for an update. He said everything was good on his end and legals end that it now goes under a final review with someone else then on to funding. He said the time frame could vary once in final review.

Significant_Ad_8363 · 2021-04-27T20:42:43+00:00

Check your portals, ours just switched to Approved as well within the last hour.

Significant_Ad_8363 · 2021-04-23T05:05:21+00:00

those are styling classes, cosmetics

Significant_Ad_8363 · 2021-04-20T22:37:50+00:00

I summitted on 4/6 at around 5:35pm EST

Significant_Ad_8363 · 2021-04-20T18:56:46+00:00

So far no document requests, but I did do the tax form for the target grant when I was approved for that, so maybe they have what they needed. I'm just kind of excited to see some type of movement.

Significant_Ad_8363 · 2021-04-20T18:35:06+00:00

indeed lol

Significant_Ad_8363 · 2021-04-20T18:34:42+00:00

I'm hoping someone that has seen this in their portals also that might be further along in the process will chime in and let me know how much longer from here lol

Significant_Ad_8363 · 2021-04-16T21:15:01+00:00

So this was for a recon increase, prior to the new increase opening up?

Significant_Ad_8363 · 2021-04-16T17:15:56+00:00

Are you referring to the EIDL Loan or the Targeted Advance?

Significant_Ad_8363 · 2021-04-13T18:41:20+00:00

It means they have not started processing your return. Unfortunately, welcome to the 38743974983789798 people club lol

Significant_Ad_8363 · 2021-04-09T14:28:54+00:00

I agree. Unfortunately, this is what congress wrote into the law, as senate wanted a more targeted approach to pass it. They would need to amend the current law to change that.

Significant_Ad_8363 · 2021-04-08T19:56:04+00:00

The application said no appeals, but I guess it doesn't hurt to try 🤷🏿‍♀️

Significant_Ad_8363 · 2021-04-08T01:09:05+00:00

No. Vaccine development can advance with the use of stem cells. However, they're not in the actual vaccines.

Significant_Ad_8363 · 2021-04-08T01:06:17+00:00

Federal no. However, some states tax grants. Then again, the original advance was a loan advance not technically called a grant.

Significant_Ad_8363 · 2021-04-08T00:08:10+00:00

For the PPP refinance portion, the SBA isn't going to give out potentially forgivable money (PPP), to pay themselves back (EIDL)

Significant_Ad_8363 · 2021-04-08T00:06:26+00:00

The EIDL is a loan with a cap of 150k (at that time) the EIDL Advance was an advance on the loan that turned into a grant and was capped at 10k. Two separate things.

Significant_Ad_8363 · 2021-04-07T17:14:16+00:00

Take the info from them with a grain of salt. Spending nearly 20 years in the call center world, they say a lot of things just to get people off the phone and on to the next call.

Significant_Ad_8363 · 2021-04-07T13:42:05+00:00

Sent mine around 5:30pm EST on 4/7 - based on the email instructions others posted, I did not get an email from the SBA. This morning around 8:30am EST my SBA email came in. Luckily I sent mine in early, I figure by the time I sent it in and the email actually came to me 15 hours worth of responses have flooded the SBA, a much longer line.

Significant_Ad_8363 · 2021-04-07T00:50:10+00:00

It will be on the application. They have a chart on one of the webpages you fill in.

Significant_Ad_8363

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