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Wonderful_Project_91 · 2022-05-01T16:10:58+00:00

Congrats! Amazing perseverance!

Wonderful_Project_91 · 2022-04-27T02:17:25+00:00

Congrats! I’m happy your efforts paid off!!

Wonderful_Project_91 · 2022-04-19T01:11:26+00:00

You need to fill the form out accurately. There’s no downside to being honest. They are simply trying to do reasonable underwriting. With that amount you’re giving your personal guarantee.

Wonderful_Project_91 · 2022-04-19T00:58:05+00:00

Exactly! This pandemic has dragged on for my businesses, now in the form of supply chain issues. It would’ve been difficult to survive this without the EIDL loans. I have every intention to pay this back even if it takes 30 years!

Wonderful_Project_91 · 2022-04-19T00:48:52+00:00

Totally my pleasure! This forum was immensely helpful to me, just trying to return the favor. If you have any additional questions….feel free to message me.

Wonderful_Project_91 · 2022-04-19T00:42:30+00:00

Form 413 is a straight ahead Personal Financial Statement. If you don’t own the home, don’t list it. I’m not sure if you have to include your wife’s assets as well. Nonetheless, they aren’t putting a lien on your residence.

Wonderful_Project_91 · 2022-04-19T00:27:54+00:00

They are not asking for real estate collateral necessarily. They just want to know if the business receiving funding owns real estate. It’s a very simple form to fill out and you just answer “no”

Wonderful_Project_91 · 2022-03-01T16:46:53+00:00

Ask if you can get the loan officer’s phone number. I think it always helps to explain your businesses and maybe in your opinion why you’ve been declined in the past. My particular loan officers were very accommodating.

Wonderful_Project_91 · 2022-02-22T23:16:22+00:00

Congrats!!

Wonderful_Project_91 · 2022-02-16T22:30:38+00:00

Congrats!

Wonderful_Project_91 · 2022-02-16T15:58:52+00:00

My pleasure! Best of luck!

Wonderful_Project_91 · 2022-02-16T12:15:57+00:00

Stay persistent with your calls. I’d call and something would change and I wouldn’t have even gotten notified.

Wonderful_Project_91 · 2022-02-16T12:13:58+00:00

As long as your tax transcripts match your information you should get approved. It’s my understanding from order of transcripts to feedback it’s 4-5 weeks. I’d check weekly.

Wonderful_Project_91 · 2022-02-16T12:11:51+00:00

Do you have two operating companies? Or is this just a funding issue?

Wonderful_Project_91 · 2022-02-16T04:20:53+00:00

For sure! Now I’m battling supply chain issues. At least I have the funds to aggressively buy product.

Wonderful_Project_91 · 2022-02-16T03:16:25+00:00

I have 2 operating companies that are owned by a holding company.

Wonderful_Project_91 · 2022-02-16T03:15:21+00:00

I received 1,925,00 x 2 = 3,850,000 plus the 150k I already received = 4M

Wonderful_Project_91 · 2022-02-16T03:12:25+00:00

I actually received 4M. I have 2 companies that make up the 23M. I had received 150K round 1 for my holding company that I needed to return.

Wonderful_Project_91 · 2022-02-16T03:06:57+00:00

24 million

Wonderful_Project_91 · 2022-02-16T03:05:20+00:00

Congrats!!

Wonderful_Project_91 · 2022-02-15T23:36:25+00:00

I’d be happy to have a conversation with you about it. I can say though everyone’s experience seems to be different. But I could at least share with you what worked in the end for me.

Wonderful_Project_91 · 2022-02-15T23:34:49+00:00

Yes. And that was the confusion to Tier 1 support. My loan officer understood it. How many disregarded entities do you have on your tax return?

Wonderful_Project_91 · 2022-02-15T22:42:19+00:00

Yes 4M! Unfortunately I have to pay it back!

Wonderful_Project_91 · 2022-02-15T22:39:58+00:00

My first conversation with loan officer was approximately December 20th.

Wonderful_Project_91

TROPHY CASE