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1
Posted on 6/10/21 at 7:53 am to VABuckeye
quote:Nope. I've still got the "Your loan modification is being processed".
Have you been told that your loan is approved pending funding?
I called the first of last week. The very disinterested person who answered the phone, repeated that to me. I asked if the loan officer had received the tax transcripts, that had been requested over 6 weeks ago. She said "no", but the way the acted over the phone left me thinking she didn't even look. Just gave me an answer. I asked what could be done. Crickets. I then asked if what the plan was if they did not receive them in a timely manner. She said I was more than welcome to call the IRS. Useless phone call. I even resorted to sending an email to the SBA to the email address they provide in the portal. I got an immediate, automated response that directed me to their website for general information about the program.
Posted on 6/10/21 at 8:15 am to greygoose
Yeah, we are at the step where we're waiting for the loan modification documents so we can sign them and then get disbursement. At this point that step seems to be a holding pattern.
ETA: What does is say above your dollar amount? Ours says the amount is confirmed which means it has been through the loan officer, underwriting and compliance steps.
ETA: What does is say above your dollar amount? Ours says the amount is confirmed which means it has been through the loan officer, underwriting and compliance steps.
This post was edited on 6/10/21 at 8:17 am
Posted on 6/10/21 at 8:51 am to VABuckeye
quote:
ETA: What does is say above your dollar amount? Ours says the amount is confirmed which means it has been through the loan officer, underwriting and compliance steps.
quote:
Status: Amount Confirmed
$500,000
Posted on 6/10/21 at 9:03 am to greygoose
We are in the same boat there. Let's hope we both fund in June. 
Posted on 6/10/21 at 9:33 am to VABuckeye
quote:Leave it to the government, to come out with a plan to help small business recover from actions the government took that hurt small business, then drag their feet over the implementation.
We are in the same boat there. Let's hope we both fund in June.
Posted on 6/10/21 at 6:17 pm to VABuckeye
Got an email response today:
quote:
Thank you for contacting the U.S. Small Business Administration Customer Service Center regarding assistance related to the Coronavirus (COVID-19) Pandemic.
We are in receipt of your increase request and have requested required tax documentation from the Internal Revenue Service (IRS). We will complete the processing of your request once the necessary information is received from the IRS.
This post was edited on 6/10/21 at 6:18 pm
Posted on 6/10/21 at 6:41 pm to greygoose
quote:mine says “There’s been a mistaken glitch in the processing system” and my amount confirmed went to $350
Nope. I've still got the "Your loan modification is being processed".
Posted on 6/11/21 at 10:42 am to Nephropidae
I just received another email. This one directed me back to the portal to sigh ANOTHER 4506-T! This one is for the Targeted Advance and only for 2019. The last one they wanted signed and submitted was for 17, 18, and 19. That was two months ago, and as of yesterday, they still don't have the transcripts!
Posted on 6/15/21 at 8:23 pm to greygoose
I got funded for the Targeted EIDL advance. A whole $4K!
Posted on 6/15/21 at 8:32 pm to greygoose
We got notification of another $5k advance and also the 4506-T to sign. At least things are happening.
Posted on 6/15/21 at 8:58 pm to VABuckeye
quote:Yeah, they had me sign another one too for the advance. I asked the guy, and he said his department had nothing to do with the loan department. He had no idea about the other form. Weird thing is, I spoke to him probably 10 minutes after I electronically signed it, and he said I was approved. That was Friday, the money was in my account this morning. The loan is still being held up by the IRS not sending the transcripts yet. It's only been 2 months.
We got notification of another $5k advance and also the 4506-T to sign. At least things are happening.
Posted on 6/15/21 at 9:12 pm to VABuckeye
quote:nothing yet on my end. Still confirmed amount and loan mod in processing. Do you all think the processing order has any relation to when you file 2020 taxes (or not?). I filed and extension and thinking maybe things are systematically dependent on that since I haven’t had an update in months.
We got notification of another $5k advance and also the 4506-T to sign. At least things are happening.
Posted on 6/16/21 at 9:33 am to Nephropidae
quote:I seriously doubt it. I file an extension every year. It had no affect on anything till this point. The prefilled out 4506-T did not request 2020, either. Every inquiry I have made, always ends with the same response. They are waiting on the IRS to send those transcripts.
nothing yet on my end. Still confirmed amount and loan mod in processing. Do you all think the processing order has any relation to when you file 2020 taxes (or not?). I filed and extension and thinking maybe things are systematically dependent on that since I haven’t had an update in months.
Posted on 6/16/21 at 9:55 am to VABuckeye
off topic but seemed like a good place to post, got word that my second PPP was forgiven yesterday
Posted on 6/16/21 at 9:57 am to Tigerpaw123
quote:I just got the email that my 1st one was forgiven!
off topic but seemed like a good place to post, got word that my second PPP was forgiven yesterday
Posted on 6/16/21 at 9:58 am to Tigerpaw123
Our second is in process for forgiveness and we received the satisfied note for PPP #1 in February.
Posted on 6/16/21 at 11:46 am to VABuckeye
quote:My first one was thru BBVA.
Our second is in process for forgiveness and we received the satisfied note for PPP #1 in February.
They got bought out by PNC, so I'm sure that has a lot to do with the delay. It was a rare thing to see more than 1 teller working at any of their branches.Posted on 6/16/21 at 12:21 pm to Nephropidae
quote:
Do you all think the processing order has any relation to when you file 2020 taxes (or not?)
I don't think so, they are only requesting previous years returns. I talked to someone who was actually helpful today that let me know they had requested my returns a while back, but still haven't received them. Once they get the returns we get assigned an agent.
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