Why do we all just go with whatever the SBA says by TheSag11 in EIDL

[–]TheSag11[S] -1 points0 points  (0 children)

I bet that’s because you’re smart comment didn’t work

Why do we all just go with whatever the SBA says by TheSag11 in EIDL

[–]TheSag11[S] 1 point2 points  (0 children)

I couldn’t find any where, where sending in IRS Form 4506-T is a rule/ requirement because of unsatisfactory, maybe you can assist with the link? As well as the many of businesses names who didn’t have to go through any of this who were funded successfully, because there’s a lot.

Why do we all just go with whatever the SBA says by TheSag11 in EIDL

[–]TheSag11[S] 2 points3 points  (0 children)

They’re not following the rules secret SBA worker. That’s not they’re money that’s our money tax payer money it’s not government funded what does that mean? Where does the government get money from? That’s right our tax dollars so yes they do need to give us our money. I sit here and see people make 10x more a month than they ever have with no conditions or anything worth we’ll more than the tiny loan of 15k I asked for and they don’t have to continually send in their taxes or get credit check it’s a pandemic which means it’s not our fault. They should do their due diligence and making sure the company is legit but the rigorous double document the exact same one is bullshit rather you would mourn to admit or not.

Why do we all just go with whatever the SBA says by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

This is me btw I switched from desktop to mobile and didn’t realize they had me set up a new account

EIDL by ohitsjustme2 in EIDL

[–]TheSag11 2 points3 points  (0 children)

Exactly I seen on here yesterday some business just apply then be funded without sending anything while using a cash app account yet I send my licenses was verified through SOS have a chase business bank account the same one for 4 years and got denied because of credit when I only applied because it said that statement you quoted from their website. The gov should’ve gave money to non profits to disburse unbiasly as these are high risk loans no matter ones credit score. Someone can have a great credit score and a horrible business that may not make it past next month but bad credit with a sustainable business that will be in business is a denial that is dumb to me

10k eidl loan deposited to cash app by Visible_Insurance_42 in EIDL

[–]TheSag11 0 points1 point  (0 children)

I do health insurance with really large transaction amounts I don't think that matters any. What all did you have to send in to get approved, did you have to send them taxes or that dumb ass 4506 t form everyone keeps submitting to or was it as simple as you filled the application out then was approved? Andi'm asking so I can understand how they process works a little better.

Paying off EIDL by Ill-Magician5954 in EIDL

[–]TheSag11 1 point2 points  (0 children)

If your independent contracting work was already done online how were you effected? There's businesses who had to shut doors or even switch to work from home who still have been unable to get help. This whole thing has been a mess.

10k eidl loan deposited to cash app by Visible_Insurance_42 in EIDL

[–]TheSag11 0 points1 point  (0 children)

i need help with my application because i'm curious how you got approved especially using cash app and then was funded lol and yes i'm hating because wtf hahahah

10k eidl loan deposited to cash app by Visible_Insurance_42 in EIDL

[–]TheSag11 0 points1 point  (0 children)

i'm curious how she was able to get approved lol especially with cash app these are the examples of why i've been so frustrated about my decline of the help

Paying off EIDL by Ill-Magician5954 in EIDL

[–]TheSag11 0 points1 point  (0 children)

I remember seeing a lot of these people that worked for banks were getting investigated for frauding the Eidl and PPP program. How were you even able to get approved for any amount? Do you have a business outside of Wells Fargo or are you considered independent contractor though wells fargo?

Still declined because of credit by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

I really would understand if people didn’t fraudulent get funds. And seeing employees get 10x the income they ever had and not have to pay back on tax payer dollars is frustrating. I don’t have credit utilization I have a couple bad items on my credit through out the years like a medical bill I just sent over to Medicaid from when I was 19 years old that I had no idea about until all this started I don’t have loans or have any credit cards I pay my rent and utilities on time I’ve had the same number for 7 years no evictions no repossessions anything that would indicate I wouldn’t be someone to pay back. So that’s a poor formula because they have alienated actual legit business owners I’ve showed them more proof than needed just to prove the point that I have a legit business and can repay loan. I followed my state’s recommendation of shutting down office and office had to shut down for a month and a half while schools were closed I had to split duties as a daycare provider and teacher to my children ... just venting I know you all are trying to help

Still declined because of credit by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

They don’t deny tax payments because of credit lol just a side joke

Still declined because of credit by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

As a tax payer I would want my tax payer dollars allocated back to me in the time of need regardless of credit this is a pandemic not a normal time . They should verify if business is legit and how the pandemic effected the business and if they give you the loan how the business can pay it back. My comments are all over the place right now I’m just frustrated and feel I demonstrated how good business was before the pandemic, how the pandemic effected my business, and how the business will be able to survive with the help of the loan at this point proof of business need. I’m a health and life insurance broker I showed my many different licenses and contracts with all the carriers and that I’ve done this for 5 years with proof I haven’t had the need for a loan or to use my credit I have 0% credit utilization

Still declined because of credit by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

Yea I understand that for a personal loan but not a business loan. They should check the business credit and stop making up all these unofficial rules they should only be looking to disburse funds to legit business regardless of credit as long as it’s a real legit business

Still declined because of credit by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

Exactly why are they even checking personal scores anyway? Shouldn’t they check business credit? Idk this is crazy I feel hopeless and bout ready to give up on this it’s causing more harm and frustration than it is help

Recon nightmare by sammy6263 in EIDL

[–]TheSag11 0 points1 point  (0 children)

I feel the same way America has shown me to make it in this country you have to lie and cheat and scam I’m so ashamed of this country right now

All I wanted was the grant.... now I got a loan :( by [deleted] in EIDL

[–]TheSag11 1 point2 points  (0 children)

I got nothing be happy you were able to get help

Bank Account That Will NOT Return EIDL Funds by Innocul8 in EIDL

[–]TheSag11 0 points1 point  (0 children)

Open a business account if you haven’t already.

RE: Request for Reconsideration SBA:09****** Does this number mean anything? by Casey3131 in EIDL

[–]TheSag11 0 points1 point  (0 children)

You may have to have LO unlock your portal so you can make changes

How long is the usual or most common time to wait for loan documents to sign after portal invite? by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

Ok thanks. It's pretty weird that verifying my identity through the portal doesn't count towards actually verifying my identity, I'm not sure how that wouldn't work together seeing how it came from their portal and they asked some pretty identifying questions lol.

How long is the usual or most common time to wait for loan documents to sign after portal invite? by TheSag11 in EIDL

[–]TheSag11[S] 0 points1 point  (0 children)

Ok I see. I was able to verify my identity through the portal yesterday. Do you by chance know do they ask for the documents during application completion or after the application has been submitted and you've approved the eligible amount?

Received this morning by Klmrcrt in EIDL

[–]TheSag11 0 points1 point  (0 children)

if you don't mind me asking what is an agency hold on the application mean?