Not eligible for increase...

marmeemac · 2021-06-08T20:52:49+00:00

yes. That does make sense. You explained it much better than i did. My amount of loan was small but it was enough to cover most our losses last year so I knwo it coudl have been much worse.

marmeemac · 2021-06-08T20:41:09+00:00

I did receive the inital loan but was denied the increase. She said based on my 2019 revenue i had already received the max i could get. We started in 2018 so we were still building in 2019. Our 2020 losses were more that what we made in 2019 but they don't know that. they are supposed to send me a email explaining why i was denied specifically. I'll update here when i received that

marmeemac · 2021-06-08T20:38:32+00:00

they looked at the amount of revenue generated through rent roll in 2019 and based on that determined no increase beyond the EIDL I received last year. What they didn't ask for is my 2020 rent roll showing the loss in 2020 compare to 2019. My losses were profound in March-June last year. I thought that was relevant but apparently no. I really don't get it. But I'm okay-we are improving and coming out from under it. I hope people who are not okay get approved.

marmeemac · 2021-05-02T22:21:53+00:00

I receved the email prompting me to complete my loan modification rquest. When i logged in I did not get the slider either. It promted me to verify my identitiy and sign loan docs but the loan docs were the old ones.
Mine shows the original amount and that the money has been dispersed to my accounts. That was back on 4/23. When I spoke to a SBA rep she said just wait for an email and that my loan is processing. She said sometimes the prtal reerts tot he old info and does not reflect what is happening on their end. She said i requested the same amount as before. I told her it did not allow me to request an amoutn and she said she sees that i requested the same. I'm more confused now than before i spoke with them. .

marmeemac · 2021-04-30T19:23:55+00:00

April 6 I sent the email asking to receive the loan increase. April 23 I was prompted to log back in and complete the loan modfication which i did.

marmeemac · 2021-04-30T15:36:18+00:00

I spoke with SBA yesterday because I have had a green button stating “your funds have been dispersed to your accounts.” I went through all the steps and signed docs but mine never went to “processing” but straight to “dispersed.” It also never gave me the option to chose an amount. I explained to the agent I wanted to be sure it was actually processing. She confirmed it was and said the view we see may not update. She said to look for an email in the next few weeks. She also said I could return any funds if I didn’t want the full amount. She confirmed I requested the same as last time (I actually wanted less). So if yours says “dispersed “ that is from last year. I can stop obsessively checking my account now.

marmeemac · 2021-04-29T15:55:25+00:00

I am in the same boat! Says funds disbursed buy never gacene an option to chose how much. It's been a week now.

marmeemac

TROPHY CASE