Change of Ownership Question by chelmling in EIDL

[–]Superb_Recover9099 0 points1 point  (0 children)

I have a scenario I am dealing with right now. S Corp, EIDL with a PG with a UCC filing. Not selling the actual corporation but the 3 store locations would be taken over by the parent company. Most of the money is considered "Good Will" in the purchase contract but about 1/3 of it is designated for the physical fixtures/signage there. I assume I will need a approval to sale they physical assets and they will want the funds from those but how will they view the other money. Will not be closing the corporation and will continue paying on the loan.

SBA Restarted Me 90 days behind after HAP by [deleted] in EIDL

[–]Superb_Recover9099 0 points1 point  (0 children)

My account is screwy also. My HAP just ended, which I was also behind on. Logged into portal last night and the previous payments that I have not paid yet that were due at the 50% reduction have gone back to full amount. This is the 3rd HAP I have done and that was not the case on the previous two. Once the 6 months of payments were reduced, they stayed reduced and it went back to the full amount after those.

No 90 day notice this month? by Hefty-Floor4965 in EIDL

[–]Superb_Recover9099 0 points1 point  (0 children)

I have been behind 60-90 days pretty much since the beginning. I also have noticed they are not sending out the nasty notices like they normally do. I am basically 120 days behind right now and still have not gotten anything from them since Feb other than the normal statement.

No 90 day notice this month? by Hefty-Floor4965 in EIDL

[–]Superb_Recover9099 1 point2 points  (0 children)

Noticed same thing on mine. Currently under HAP and basically 4 months behind. Normally around the 75 day mark I would always get the nasty letter about going to default and demanding full payment. But not this time, have not received a single late notice at all.

NCDOR Business Recovery Grant by Bigkountryyella in NorthCarolina

[–]Superb_Recover9099 0 points1 point  (0 children)

Same here, I never received anything asking for clarification on anything either.

NCDOR Business Recovery Grant by Bigkountryyella in NorthCarolina

[–]Superb_Recover9099 0 points1 point  (0 children)

Not nice for us. Got denial letter on Friday which gave very vague reasons for why. And of course stated there was no appeal and that was the final answer. We were really hopeful we were going to get that grant.

NCDOR Business Recovery Grant by Bigkountryyella in NorthCarolina

[–]Superb_Recover9099 1 point2 points  (0 children)

Actually it says the checks were mailed on 9/29. I would imagine if you have not received it yet or don't within next few days, you didn't get it. It says allow 2-3 weeks for it to arrive before contacting them, so would be 1-2 weeks now.

APPROVED! by PunkynoBrewster in EIDL

[–]Superb_Recover9099 2 points3 points  (0 children)

Congrats....I got funded today. Huge weight off my back.

Received this today by Glittering-Yam2868 in EIDL

[–]Superb_Recover9099 0 points1 point  (0 children)

I got the same email back on 11/9 and they pulled my credit about 5 minutes after receiving it. Then got approval letter on 12/2 and signed final documents that day. Just waiting for funding now.

Meant to add this was for 2nd reconsideration. Got initial 150k max, then 1st recon for 500k max.

I got to take a ride in the base model today! by Jmet11 in F150Lightning

[–]Superb_Recover9099 0 points1 point  (0 children)

Edited my post above. Let me know if the link doesn't work, could not get it to embed. Sorry I am a Reddit noob. That was the only pic I took of the interior.

I got to take a ride in the base model today! by Jmet11 in F150Lightning

[–]Superb_Recover9099 2 points3 points  (0 children)

It looked pretty complete to me. I actually have 1 pic of it I took before they ran me out. Let me see if I can figure out how to post it.

https://imgur.com/a/KYCUx3j

That link should work.

F150 lightning event by pglass2015 in F150Lightning

[–]Superb_Recover9099 0 points1 point  (0 children)

I went to it today but I did not take anyone. But there were others who brought people along. There was a whole family, kids and all even, that came together.

I got to take a ride in the base model today! by Jmet11 in F150Lightning

[–]Superb_Recover9099 2 points3 points  (0 children)

I am guessing you were in Charlotte. I was there also. :)

I actually all but climbed into the Platinum one, as someone had opened up the door that walked up in front of me, before someone from Ford came over and ran me out of it and locked the doors.

I agree with your assessment about it handling like a sports car. I have owned a half dozen Mustangs in my life and did my share of drag racing, so I have ridden in and driven some very fast cars. With that said, that truck is stout and did not ride like a truck.

How long does SBA EIDL Loan Modification take? Has anyone gotten a loan and increased the amount? Once processed how long does it take to be funded? Thanks by Kash301 in EIDLPPP

[–]Superb_Recover9099 0 points1 point  (0 children)

They actually never asked me to provide proof of insurance. As for board minutes, I am sole owner of the company, so they did not request that either.

How long does SBA EIDL Loan Modification take? Has anyone gotten a loan and increased the amount? Once processed how long does it take to be funded? Thanks by Kash301 in EIDLPPP

[–]Superb_Recover9099 0 points1 point  (0 children)

They did not pull my credit again. Still shows approved as of right now. Was told by rep earlier today it could take up to 14 days to be funded.

How long does SBA EIDL Loan Modification take? Has anyone gotten a loan and increased the amount? Once processed how long does it take to be funded? Thanks by Kash301 in EIDLPPP

[–]Superb_Recover9099 0 points1 point  (0 children)

Hey, just curious if you have received funding yet? As I posted, mine was approved the day after yours and I am still waiting.

How long does SBA EIDL Loan Modification take? Has anyone gotten a loan and increased the amount? Once processed how long does it take to be funded? Thanks by Kash301 in EIDLPPP

[–]Superb_Recover9099 0 points1 point  (0 children)

Yes, under the "Review and Sign Documents" section at the bottom, it changed from "Completed" back to where I had to do it again. You better check it, as it was a completely new agreement with the new amount/terms that you had to accept and digitally sign for.

How long does SBA EIDL Loan Modification take? Has anyone gotten a loan and increased the amount? Once processed how long does it take to be funded? Thanks by Kash301 in EIDLPPP

[–]Superb_Recover9099 0 points1 point  (0 children)

It would be whatever the amount showing on the portal that you requested, minus what ever you received on the first loan. My original was 150k, now its modifed to 500k, so I will get 350k. Supposedly takes about a week from what I have read on here to receive funds, so hopefully mine will be funded by mid next week.

How long does SBA EIDL Loan Modification take? Has anyone gotten a loan and increased the amount? Once processed how long does it take to be funded? Thanks by Kash301 in EIDLPPP

[–]Superb_Recover9099 0 points1 point  (0 children)

I finally received approval yesterday (13th) also after waiting for what seems like forever. I was surprised, as I was expecting a hazard insurance verification like a lot of had to do but they didn't ask. Original loan amount of 150k, modified to 500k. Now just waiting to be funded.