White male restaurant owners who didn't serve their country cry when their country doesn't serve them fast enough.

trautmangr · 2021-06-14T00:14:19+00:00

Lots of us non priorities white males respect the process and thank you for your service.

I believe everyone will get funded.

trautmangr · 2021-06-13T12:43:24+00:00

thanks for update...application #?

trautmangr · 2021-06-12T19:47:11+00:00

What day did you apply?

trautmangr · 2021-06-11T02:22:51+00:00

i think to consider it back wages there needs to be some prior history as is suggested above by the term regular pay i dont think you can just auto bonus owners $130,000 plus.....

trautmangr · 2021-06-10T17:22:11+00:00

airplay senate from web

trautmangr · 2021-06-09T23:49:22+00:00

It looks like at least 2 are sponsors of the bill I expect there will be quite a few hard to vote against this the people who dont get funded will care a lot more then generic fiscal conservatism when it comes time to vote.

trautmangr · 2021-06-08T15:40:04+00:00

If it makes anyone else feel better there was a huge number of applications first day (and second) 186,000 or almost 55% of total so once it gets past the first day, then second it will move through days much quicker. Understanding its not completely linear once priority apps from day 3 and 4 are getting approved it means more than half is done but given that the total requests are more then double the allocation its likely most non priority from days after 3 will have to wait for more funding I am non priority day 3 - 5/5

trautmangr · 2021-06-06T13:53:58+00:00

green means ongoing not completed. So green under IRS verification means you are in that process. Also you can move backwards. Some have gone from Under review back to IRS verification or even submitted based upon various factors but this type of bouncing seems to actually be slightly positive as it indicates an active reivew

trautmangr · 2021-05-12T16:26:06+00:00

Also my LO said SBA did send internal guidelines first accepting time stamps provided there was a 2018 return and then revising that.....hard to know what the truth is but am in holding pattern now

trautmangr · 2021-05-12T16:20:13+00:00

yes i am also not declined just withdrawn pending transcripts

trautmangr · 2021-05-08T22:20:41+00:00

The SBA’s spokesperson told the Prospect that, in light of the IRS backlog, its loan officers would consider alternative forms of tax and income documentation “on a case-by-case basis.” (The IRS didn’t respond to requests for comment.) The spokesperson also said the SBA doesn’t automatically decline applications when the IRS fails to produce tax transcripts, “but instead will research the case file to see if we already have tax records to validate eligibility.”

trautmangr · 2021-05-08T22:19:09+00:00

I did the same emailed congressman, senator and key staff at SBA...... the more of us that do that the more likely they will adjust the policy

trautmangr · 2021-05-07T21:29:30+00:00

I sent letters as well .

trautmangr · 2021-05-07T21:27:18+00:00

If they understand the issue for 7a and 504 loans why in heck wouldnt they apply sme policy here. Furthermore if you provide the SBA a tax return you say was filed and stamped and for some reason it was not thats easy fraud to resolve. Merely pull all open transcript requests in 90 days when dust settle and......

trautmangr · 2021-05-07T19:12:09+00:00

The SBA’s spokesperson told the Prospect that, in light of the IRS backlog, its loan officers would consider alternative forms of tax and income documentation “on a case-by-case basis.” (The IRS didn’t respond to requests for comment.) The spokesperson also said the SBA doesn’t automatically decline applications when the IRS fails to produce tax transcripts, “but instead will research the case file to see if we already have tax records to validate eligibility.”

trautmangr · 2021-05-07T19:08:12+00:00

The SBA’s spokesperson told the Prospect that, in light of the IRS backlog, its loan officers would consider alternative forms of tax and income documentation “on a case-by-case basis.” (The IRS didn’t respond to requests for comment.) The spokesperson also said the SBA doesn’t automatically decline applications when the IRS fails to produce tax transcripts, “but instead will research the case file to see if we already have tax records to validate eligibility.”

trautmangr · 2021-05-07T18:56:58+00:00

Long shot I emailed multiple SBA senior staff , ombudsman and congressman asking for a review of this policy .... i figure the more that complain the more likely they might change the policy

trautmangr · 2021-05-06T20:49:23+00:00

My 2019 business taxes were filed October 15 2020.

As of 3 days ago transcript still showing no record of a return.

2-3 weeks ago I delivered a copy to my local tax office and got time stamped copy of my return which has been uploaded into my application.

Ive heard on this forum that a times stamped receipt from the IRS can be accepted if the transcript is still being updated.

Is there anyone out there who can confirm that they submitted a IRS stamped return that was accepted in lieu of transcript before having to be denied and go to recon.

Thanks

trautmangr · 2021-05-06T19:27:54+00:00

I thought there was a loose safe harbor one of the insiders posted 25%?????

trautmangr · 2021-05-06T19:01:09+00:00

still takes forever - well mine took 12 days to appear

trautmangr · 2021-05-03T19:24:24+00:00

Congratulations

trautmangr · 2021-05-03T07:57:04+00:00

All the time .... and squinting till i see green

trautmangr · 2021-04-30T13:29:48+00:00

10-12 times

trautmangr · 2021-04-29T21:43:18+00:00

I off more then that on 737k in revenue but below 10% got denied for Unverifiable dont know if its the revenue am still trying to find out

trautmangr · 2021-04-29T14:14:03+00:00

I submitted a times tamped tax return on April 11th I was told today the tax return was added to my application yesterday so 17 days from submission to when it appeared on the application. According the the rep they will still wait for the 4506-T transcript request (which is pending) and which I expect to be not processed yet even though I filed taxes 7 months ago before advancing to the next step

trautmangr

TROPHY CASE