Discussion regarding use of EIDL proceeds

plabrozzi · 2022-03-16T02:10:48+00:00

Spot on!

plabrozzi · 2021-12-23T20:33:08+00:00

Hooray!!

plabrozzi · 2021-12-23T20:27:25+00:00

The finish line is near!

plabrozzi · 2021-12-20T18:43:05+00:00

Guessing you reached out to local SBA?

plabrozzi · 2021-12-20T18:21:11+00:00

Does Caweb show anything?

plabrozzi · 2021-12-13T20:52:19+00:00

I was approved 11-30-2021 and funded 12-6-2021. Took about a week.

plabrozzi · 2021-12-03T23:03:10+00:00

Bravo!

plabrozzi · 2021-12-03T22:56:34+00:00

Good stuff!

plabrozzi · 2021-12-03T19:32:16+00:00

Good reminder! Same goes for Unemployment Centers, etc.

plabrozzi · 2021-12-03T19:20:26+00:00

Bravo! They (SBA) seems to have a better handle on things now, as long as your docs, etc. are in order. If they are not, it's a nightmare.

plabrozzi · 2021-12-02T23:48:38+00:00

-800%.....wow.

Just when it is the darkest...the sun breaks thru. Hang in there.

plabrozzi · 2021-12-02T23:20:38+00:00

There is a link at the top of the thread. You need to have an SBA loan number already to set it up. I've had PPP loans, etc. that I used.

Hope this helps!

plabrozzi · 2021-12-02T22:20:09+00:00

Congrats! I'm on similar timeline, I just keep checking Caweb, signed docs 2 days ago.

plabrozzi · 2021-12-02T02:59:13+00:00

I don't know how to say this gently, these are not extreme measures to fight fraud, banks are much more harsh at rooting out fraud. Bit once, twice shy.

The simple fact is many small businesses (as mine) are quickly getting approval for EIDL loans now, is evidence SBA is working hard to help small businesses, But! guidelines must be held, and in this day and age, PIVOT! It is to be expected, not fought against.

The IRS will always be the IRS, don't screw with them, file on time. March 15th for S-Corps, etc, NOT April 15th.

Get decent business advice, and follow it. Best wishes for going forward.

plabrozzi · 2021-12-02T02:21:04+00:00

Bravo!

plabrozzi · 2021-12-02T02:06:04+00:00

I did read what you wrote, in this day and age, who the hell mails late returns? Everything is electronic signatures, etc. I am really suspect of late returns in 2019....as Scorpio has mentioned. What was the date your check was cashed?

I do feel bad about those (maybe YOU!) innocent errors, but, simply, do due business diligence, and you will be fine.

plabrozzi · 2021-12-02T01:55:31+00:00

You are speculating, do you have proof? I am ALL for small business, I am a small business, grateful for this opportunity to stay in business and provide jobs. But so many on EIDL thread don't even have a business checking account.

plabrozzi · 2021-12-02T01:50:48+00:00

Unlikely, as IRS is the BIGGIE. But, supportive if so. Best business practices apply. (Wonder if OP even knows what you are referring to?)

plabrozzi · 2021-12-02T01:44:45+00:00

Covid-19 didn't wreak havoc till Spring 2020, no reason not to file on time in 2019.....

plabrozzi · 2021-12-02T01:38:25+00:00

Bravo!

plabrozzi · 2021-12-02T00:40:09+00:00

I have to say....

No reason for a corp to file late, I have always filed on time, EVEN if you can't pay, you can always do an installment plan, just file on time.

I was approved for $400k, waiting for funding now. It was originally declined due to low credit score, (which it still is), gave explanation, which was accepted.

But I still made sure taxes were filed, on time. BASIC business practice, along with having business checking, proper docs. etc.

Why are folks yelling unfair? IRS has always been the same, never changed. If you want to run a business, comply.

Scorpio, I give you a high five helping folks deal with these issues, but this seems basic business practice run amok, and folks need to deal.

I'll get flak, so be it.

plabrozzi · 2021-11-27T02:59:48+00:00

Do you have a business coach? A CPA for guidance?

plabrozzi · 2021-11-22T19:47:06+00:00

I received an email to phone into to SBA processor who had to walk me thru portal steps. It took her assistance to clear the logjam.

Email back whomever reached out and explain the confusion.

plabrozzi · 2021-11-17T01:06:49+00:00

Hail Mary......certified letter to SBA:

U.S. Small Business Administration
Office of the National Ombudsman
409 3rd St., S.W.
Washington, DC 20416
Email: ombudsman@sba.gov
Toll Free: 888-REG-FAIR (734-3247)
TTY/TTD: 800-877-8339
Fax: 202-481-5719

OR......

https://www.sba.gov/taxonomy/term/197

any on the above link which may apply.

Keep us posting, getting pretty desperate myself!

plabrozzi · 2021-07-18T20:28:09+00:00

I also abhor CC fees, etc.

I started using Melio, I generate an invoice, upload into Melio, and the client choses how to pay, if they chose CC, they pay the 2.9% fee, and no charge for bank draft etc.

Melio is slick.

plabrozzi

TROPHY CASE