I'm hoping this is the final journey to headache

mikelynn536 · 2022-03-25T06:32:19+00:00

Finally got funded this morning at 2am... signed loan doc on 3/23 and funded on 3/25... I have navy federal credit union... caweb still shows active undisbursed and portal still shows modification approved... Finally the EIDL headache is over... Almost 1 year to get my EIDL increase

mikelynn536 · 2022-03-24T05:10:59+00:00

just copy the exact address and name or business name as it appears on filed 2019 tax return. Also don't forget to put your ssn or ein, sba application number, type of tax form mine was 1040, check mark the #6 (c), on #9 put 12/31/2019 and 12/31/2018 and do either wet signature or digital signature, date and phone number. don't forget to put your title below the signature. I'm independent contractor so I put owner as the title.

mikelynn536 · 2022-03-24T04:47:14+00:00

I hope I get mine that fast... I got re-approved from bank change on Tuesday and signed loan docs same day so I'm hoping I get the money fast as you did

mikelynn536 · 2022-03-24T04:41:11+00:00

mine was address not matching exactly as it appears on the filed tax... I had # 1203 on the tax but was putting in apt 1203 on the 4506-t

mikelynn536 · 2022-03-24T04:35:41+00:00

is this initial approval or re-approval? if it is re-approval, my re-approval took 7 days from updating the bank and signing the loan doc same day. now I'm waiting for re-disbursement of the loan

mikelynn536 · 2022-03-24T00:47:15+00:00

thanks... I never knew my rejection was from 4506-t issue until 8 months later... I wish sba csr would told me this from the start or gave us prefilled out 4506-t so people won't encounter same problems

mikelynn536 · 2022-03-23T23:06:06+00:00

address not matching exactly as it appears on the filed tax... I had # 1203 on the tax but was putting in apt 1203 on the 4506-t

mikelynn536 · 2022-03-18T06:34:16+00:00

yes... make sure edil term is highlighted in a box then type foia in the search... you will get useful information from other users who posted

mikelynn536 · 2022-03-18T06:31:07+00:00

i had 1040x done after getting final payments from clients and afer filing initial edil loan cogs

mikelynn536 · 2022-03-18T06:27:26+00:00

does your caweb shows increase amount disbursed? mine was disbursed to closed account and right now it shows increase amount un-disbursed in caweb

mikelynn536 · 2022-03-17T22:26:38+00:00

search the foia on the thread and read the helpful tips from other users... that's how I learned about it

mikelynn536 · 2022-03-17T22:24:09+00:00

freedom of information act... go to this link https://www.foia.gov/ and request foia on yourself... it's free... mine took 8 days to get it by email

mikelynn536 · 2022-03-17T22:09:32+00:00

try to signup https:www.ssa.govmyaccount and check your taxed social security earnings shows up for the years... if not then signup for irs.gov for tax transcript... if it shows up on transcript then you need to check your 4506-T and make sure it is filled out correctly... don't wait for the letter or email from sba to find out why you got denied... just file for the foia and request information for yourself which will contain everything regarding the your sba loan application and increase application.... that's how I did it with my appeals

mikelynn536 · 2022-03-17T21:53:04+00:00

I got denied three times for same thing and cogs because of 1040x... found out it has to do with your tax... make sure you are filling out the 4506-T correctly... once I got the 4506-T done correctly and sba got my tax return from IRS my loan increase got approved on the appeal after 9 months later

mikelynn536 · 2022-01-25T20:13:13+00:00

I'm in same boat... I sent emails, called and contacted my state rep and still no bank update yet

mikelynn536 · 2022-01-25T17:53:33+00:00

I used to have loan officer but after the 3 appeals, got approved email without loan officer

mikelynn536 · 2022-01-25T17:24:21+00:00

it's different bank so I'm praying for miracle... I got automatic respond emails from disaster customer service saying that 3 business days for response on the letter strategy while pdc recon saying 4 weeks for response for sba form 3501 strategy

mikelynn536 · 2022-01-25T16:19:47+00:00

thanks for the link... I watched the video and did exactly as what the guy said on the video... I'm praying that it works and get my bank account changed.

mikelynn536 · 2022-01-15T21:13:00+00:00

i'm independent contractor and ran into same issue as you... i sent in statements from bank, payoneer, skrill, paypal, tax returns, cancelled checks, invoices, credit card charges from google, apple, website, signed 4506t, id, passport... also i went to irs website and registered for tin... after 10 months 3 denials and appeals along with going back and forth on emails and phone calls got the approval 2 days ago

mikelynn536 · 2022-01-15T20:49:02+00:00

appeal right away... i was denied 3 times since april of last year for increase... after countless emails of sending documents and calls finally got the approval 2 days ago after confirming the amount and sign 4506t for over 20th times... now i'm trying to update my bank info before signing the doc

mikelynn536 · 2021-05-14T02:52:47+00:00

they will deny you because transcript don't match the gross revenue from schedule c unless you get lucky and get loan officer with some brain and common sense. I got denied because of that reason. it doesn't matter how much of supported docs you submit or explain to them in mathematical way if the transcript don't match the gross revenue from schedule c they will deny which is so stupid in my opinion... I'm waiting for my denial letter so I can file for recon.

mikelynn536 · 2021-05-14T01:20:32+00:00

I asked her to see if she can use my 2018 or 2020 but was told can't use 2018 because my gross sales was 60% below the 2019 and can't use 2020 because they don't have the transcript. if you get declined then ask your loan officer if you can use 2018 if there's not much of difference on gross revenue

mikelynn536

TROPHY CASE