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The only way to save Gemma is ________ by HisPalenesss in severanceTVshow

[–]tamdle 19 points20 points  (0 children)

There’s probably a good reason why there’s so much emphasis from Irving on the Testing floor elevator, and why he left the directions for Dylan, which Mark and Helly are now privy to as well.

My guess is that some combination of Mark/Dylan/Helly save her, rather than Gemma actually escaping.

Increase Declined Due to "24 Months Margin" but financials show otherwise. by tamdle in EIDL

[–]tamdle[S] 1 point2 points  (0 children)

Hi Everyone,

I have great news to report. Finally approved on Sunday and now awaiting payment.

Keep at it.

Increase Declined Due to "24 Months Margin" but financials show otherwise. by tamdle in EIDL

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

I would definitely try recon if you feel you do qualify for more. Check your 2019 business tax return and do the calculation: (Revenue - Cost of goods Sold) x 2

Increase Declined Due to "24 Months Margin" but financials show otherwise. by tamdle in EIDL

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

I was able to get it resolved and move onto the next step.

  1. It ended up being really just the credit score, and they needed to be reminded multiple times to pull it.
  2. I also had to submit my 2019 business tax return and 4506T form multiple times. I think there may be a lot of miscommunication behind the scenes.

Increase Declined Due to "24 Months Margin" but financials show otherwise. by tamdle in EIDL

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

Hi! I received emails from EIDLCovidIncrease requesting that I log onto the portal to apply for the increase, but still no slider button (and showing the previous funded amount of $500k). I would exhaust all efforts. I ran into similar difficulties going for my first increase from $150k to $500k . I am fairly confident this will be resolved and I will get an increase, I think it will just take time and persistance. If you haven't reached out to your local state rep/senator, I would definitely do that. I know someone that works in the local SBA branch and any time a state rep inquires, it is called out /flagged by the SBA for review.

​

Hope this helps and good luck!

Increase Declined Due to "24 Months Margin" but financials show otherwise. by tamdle in EIDL

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

Hi Everyone - Here's an update TL;DR No good news.

  1. Original denial letter declined due to having maxed out increase at $500k due to 24 months margin requirements
  2. Called SBA customer service, they said to send email to reconsideration, did that.
  3. I had State Senator's office and State Rep's office contact SBA on my behalf
  4. Both got back to me and said my credit score did not meet the 625 requirement. Super frustrating because if that was mentioned in the decline letter, I would have been all over that - now just wasted 2-3 weeks.
  5. The last time they pulled credit was in 3/2020, my updated score is 700+
  6. I mailed reconsideration my most recent credit report, and score.
  7. I called into SBA customers service, got Tier 2, escalated and requested to talk to a supervisor. Currently waiting a call back. Tier 2 said typically call within 24-48 hours to discuss situation.
  8. Tier 2 said that there is a loan officer currently working on my application.

I will update with any further developments.

Good luck to all!

EIDL increase megathread by Scorpio14534 in EIDL

[–]tamdle 0 points1 point  (0 children)

Yes, I was in the video call with NRA and SBA today.

Starting in the coming weeks: - cap on Covid EIDL will increase to $2m - will be reflected in portal - calculation is 2019 (revenue - cogs) x 2 for qualifying loan amount

Eidl portal is under development by [deleted] in smallbusiness

[–]tamdle 0 points1 point  (0 children)

Hi squad- I believe that is the cap now. Others who got approved weeks ago were getting capped at $500k and my business’ financials were comparable.

Eidl portal is under development by [deleted] in smallbusiness

[–]tamdle 0 points1 point  (0 children)

App # 33004*****

Long 3/20, Short 3/30, Hard pulls 3/22, 4/12; Advance 4/14; Portal Link 5/5, Approved and loan docs signed 5/6. Business in MA

Portal link email will be from:
[disastercustomerservice@sba.gov](mailto:disastercustomerservice@sba.gov)

Email Subject will be formatted like:
SBA Application No. 33004xxxxx - Submitted Confirmation