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Started By
Message
2
Posted on 5/2/21 at 10:04 am to VABuckeye
quote:Correct. Even my accountant wasn't up to date on this. Thought you had to be in a low income area.
That's for the grant, no? The new grant language says you must be in a low income area. The EIDL loan increase has no such language.
Posted on 5/2/21 at 1:36 pm to Jerrysworld
I received an invitation to log into my account last week. My max offer was the same as I received last year, so the loan doubled. The only question they asked was " what form I used for 2019 taxes", and signed modification page. It looked like instant approval, the account is not funded yet.
Posted on 5/2/21 at 3:46 pm to Rust Cohle
What's your gross revenue like for 2019? Thanks.
Posted on 5/2/21 at 6:32 pm to VABuckeye
I was declined for grant as well. Not in low income area. Still waiting on funding for EIDL.
Posted on 5/2/21 at 8:29 pm to VABuckeye
I projected 130k, and that’s max what they offered both times.
Posted on 5/3/21 at 7:03 am to Rust Cohle
Thanks.
Posted on 5/3/21 at 1:17 pm to VABuckeye
Looks like our EIDL is processing, it is very small though. We were told we could request a bigger increase based on our financials once a SBA loan officer called us. Evidently, is all automated up to that point.
Posted on 5/3/21 at 3:13 pm to shawnlsu
Seems odd as I'm pretty sure you did more than the $130k gross revenue done by the other poster. We're aren't huge but we still are decently sized so I hope our offer is towards the higher end of the scale.
Posted on 5/3/21 at 4:50 pm to VABuckeye
I saw SBA credit inquiry pulled last week. Hopefully that means will hear something this week?
Posted on 5/3/21 at 7:23 pm to VABuckeye
Yeah, I don't understand it either. The SBA rep on the phone was pleasantly informative and nice. She said the only option for us was to request more when the loan officer contacts us, which isn't out of the ordinary per her.
Guess we will see.
Guess we will see.
Posted on 5/3/21 at 10:10 pm to greygoose
business owners here: any luck on progress for EIDL increases? I'm stuck at confirmed amount but no docs to be signed.
Posted on 5/6/21 at 11:08 am to Nephropidae
Any funding yet? I have Loan Modification being processed for a week now.
Posted on 5/6/21 at 11:22 am to LSUlove
You're ahead of me. We haven't seen anything on the increase yet but we had to supply a 4506-T again on April 26th. When we reply we seem to hear back from them 2 weeks later so I'm hoping to see something next week.
Posted on 5/6/21 at 11:24 am to VABuckeye
You have viewed and signed all of the docs at the bottom on the page and clicked on the Submit for increased amount button (something to that nature)?
Posted on 5/6/21 at 11:37 am to Nephropidae
quote:
business owners here: any luck on progress for EIDL increases? I'm stuck at confirmed amount but no docs to be signed.
Same. I’ve been waiting for two weeks now.
Posted on 5/6/21 at 11:45 am to LSUlove
I'm not to that stage yet. The money isn't critical right now but it sure helps me budget out the rest of 2021.
Posted on 5/6/21 at 2:51 pm to LSUlove
quote:
You have viewed and signed all of the docs at the bottom on the page and clicked on the Submit for increased amount button (something to that nature)?
We have been at this stage for about 2 weeks now with the amount confirmed and a message saying your loan modification is being processed.
Posted on 5/6/21 at 3:13 pm to ithad2bme
I just got an email saying I’ve been approved and it would be deposited into my account. Original email was 4/8 and I applied a few days later
ETA: money deposited last night
ETA: money deposited last night
This post was edited on 5/7/21 at 8:02 am
Posted on 5/10/21 at 10:04 am to ithad2bme
Stuck on processing for a couple weeks like others in here. Has anyone else seen funding, or another step towards it?
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