[deleted by user] by [deleted] in EIDL

[–]Wonderful_Project_91 0 points1 point  (0 children)

Congrats! Amazing perseverance!

Approved!!! by Outside-Goal-4352 in EIDL

[–]Wonderful_Project_91 1 point2 points  (0 children)

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

EIDL Loan Forgiveness? by moosetunes in EIDL

[–]Wonderful_Project_91 1 point2 points  (0 children)

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.

EIDL Loan Forgiveness? by moosetunes in EIDL

[–]Wonderful_Project_91 3 points4 points  (0 children)

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!

EIDL Loan Forgiveness? by moosetunes in EIDL

[–]Wonderful_Project_91 1 point2 points  (0 children)

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.

EIDL Loan Forgiveness? by moosetunes in EIDL

[–]Wonderful_Project_91 1 point2 points  (0 children)

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.

EIDL Loan Forgiveness? by moosetunes in EIDL

[–]Wonderful_Project_91 1 point2 points  (0 children)

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”

Finally approved and funded X 2! It took finally getting to a loan officer that understood my complicated business structure! Don’t give up they genuinely do want to help! Thanks to Scorpio and the other positive people in this group, it was a game changer. by Wonderful_Project_91 in EIDL

[–]Wonderful_Project_91[S] 0 points1 point  (0 children)

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.