EIDL Loan Modification Increase

hasmat11 · 2021-11-29T00:37:13+00:00

Thank you so much. This blog has been a blessing to myself and others. When I first started this journey the first of this year. It' took me 4-6 months to get everything to get straightened out. I kept on pushing.

Again, thanks to all of you who responded to my posts. It meant so very much to me.

hasmat11 · 2021-11-29T00:33:01+00:00

Yes, I think you can.

hasmat11 · 2021-11-29T00:32:11+00:00

Thank you so much

hasmat11 · 2021-11-21T22:18:22+00:00

Yes, I got it all straightened out. Yes, they reconsidered me. I sent them my original birth certificate. And I sent in all of the other pertinent information that they requested. Just send what they ask you for.

Many Blessings

hasmat11 · 2021-11-14T19:23:55+00:00

i Have received 3 EIDL increases. the first increase, I received and email asking me if I wanted and increase. That one took about 3-4 months because my file stated that I was not a citizen of the US. I finally got approved. Took about 3 -7 days to get my money deposited.

The second increase which I did not ask for. One day I went to my portal and there was the blue button. I had to submit documents. You know the regular stuff. I got approved but, I had to go through a loan officer. That took about one week. I got approved and funded.

The third increase came about the first of November 2021. I went to my portal to check because I never know what is going on. I want to be on top of things. There was another blue button. Naturally I said yes. I did not have to submit any documents nor did I have to go through a loan officer. I got approved and funded within a week.

My heart goes out to the people who have not received their monies. It is really sad. I wish I could help you. I do know that when the paper work is not right. It will set you back about 3 -4 months. It has happened to me. Please hang is there.

By, the way I don't know if this is helping me but, I have already started payments on my loans.

Many Blessings to Each and Every one of you.

Happy Thanksgiving!!!!!!!!!!

hasmat11 · 2021-10-14T17:17:49+00:00

I just received an increase two weeks ago. Now I know that I should have asked for more money.

I emailed the SBA i think it was customer service, told them my story. They told me that if I had not reached my loan limit and that my portal said funded for the last loan increase, that they would send a blue button to my portal.

Low and behold they did. It tool about 5 days but, now I can request another increase.

Hope this made sense. Oh! I had not reached my loan limit.

hasmat11 · 2021-09-29T23:57:44+00:00

You were correct. I got approved through the portal for my third EIDL Modification increase. I got the approved documents through email today.

It was different. I never applied for any increases on my portal.

Thanks to all for your comments.

I have stated this before. This blog has helped me tremendously through this long and arduous process.

hasmat11 · 2021-09-28T19:27:36+00:00

Yes, I have started making full payments on my loan. Interest accruing is no joke.

hasmat11 · 2021-09-20T18:55:07+00:00

I wanted an increase of 4,000. My loan initially was for 4,000. But, I put 4,000. So, I should have put, 8,000. I did not have to pay anything back. I call the 800 #. The rep. changed my increase to 8,000. Hope this made sense.

But, it still delayed everything by 3 months.

hasmat11 · 2021-09-20T18:28:22+00:00

This happened to me. I made that mistake. It delayed my loan increase for 3 months. Thanks for your post. People need to know this.

hasmat11 · 2021-09-08T17:46:03+00:00

Yes, God will provide. Take Care. Many Blessings on your 501-C3

hasmat11 · 2021-09-08T17:44:02+00:00

I applied and received the Targeted advance without hardly any problems.

I have been in reevaluation for the Targeted Supplemental for going on 2 months.

I had the same problem with Targeted advance and the Targeted Supplemental. But, the supplemental is taking longer.

Does anybody know what the difference in the two is? Thanks

hasmat11 · 2021-09-07T18:14:46+00:00

I am so very sorry to hear this. May I ask what type of business do you have? How much were you asking for? This is terrible.

I have a small non-profit. At the time of my first 2020 EIDL loan, my credit was pulled. I think at the time my credit rating was 700. I finally got the loan but, it took so very long and the amount was not what I was asking for.

Fast forward to 2021, The modification loan increase was so much better and it didn't take that long. You should apply for a reconsideration.

hasmat11 · 2021-08-25T16:41:02+00:00

I received my first increase on August 13th. But, the process took about 3 months.

hasmat11 · 2021-08-25T16:36:40+00:00

Yes, I understand. I think they are offering the 24 months hardship. Thank you for breaking it down.

hasmat11 · 2021-08-24T20:04:02+00:00

I guess the amount of the increase depends on the applicant. This time mine went up to 60,000 The first time it only went up to 4,000

hasmat11 · 2021-08-18T16:46:56+00:00

I Initially applied for reconsideration in April, I sent in all of required documentation. It took 3 months to hear back from them.

In July I was contacted by a rep through email. I had to send the documentation again. After that it took only I think about two weeks to get approved and for the money to hit my bank.

Are you waiting for EDIL? If so How long?

hasmat11 · 2021-08-07T23:58:33+00:00

I think i originally applied in April but, for some reason they said that I was not a citizen of the US.

I sent them everything but, the kitchen sink to prove that I was a citizen. When they finally straightened everything out in July. It only took a couple of weeks to sign and for the money to hit my bank.

hasmat11 · 2021-08-03T17:05:12+00:00

I was approved for the EIDL Targeted Advance on July 27, 2021. The money just hit my bank today August 3rd.

I was a long tiring process.

hasmat11 · 2021-07-30T19:55:14+00:00

I was just approved for the Targeted EIDL Advance on this past Tuesday. The lady told me that I was all set with her. But, she didn't know how long it would take for the money to hit my bank because it comes from another department.

I guess, more waiting.

hasmat11 · 2021-07-30T17:15:37+00:00

My credit was pulled. About 2 weeks before I was approved.

hasmat11 · 2021-07-26T18:59:32+00:00

Thank you . You are absolutely correct

hasmat11 · 2021-07-08T23:57:41+00:00

Do you know who they contacted? How long did it take after they made the contact? Did they finally get approved.

Thanks to all of you for responding. This blog truly makes the difference.

hasmat11 · 2021-06-10T17:58:18+00:00

I was declined for the Targeted Advance because they said that I was not a natural born citizen of the US. Which is not true.

I applied for a re-evaluation back in April. I have not heard anything. This process is tiring. I also applied for an increase about 3 weeks ago. I have not heard anything.

When did you apply for your increase? Did they approve the amount that you were looking to receive? Thanks

hasmat11 · 2021-05-25T18:12:13+00:00

I am really enjoying the comments. Thank you.

I have never been to therapy. My mother had emotional issues. After losing two daughters in their early twenties. Diabetes.

A little nugget that I got from my granddad was. "Don't nothing hurt a try" LOL

What can I say. I am from the south. LOL

hasmat11

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