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Started By
Message
re: EIDL Increase Email
Posted on 6/16/21 at 7:30 pm to Tigerpaw123
Posted on 6/16/21 at 7:30 pm to Tigerpaw123
quote:
off topic but seemed like a good place to post, got word that my second PPP was forgiven yesterday
I don't think Wells has even opened apps for second PPP forgiveness. Haven't heard on first forgiveness app.
0
Posted on 6/22/21 at 4:02 pm to VABuckeye
Anybody seeing any movement?
Posted on 6/22/21 at 5:37 pm to greygoose
Nothing here. The person I talked to seemed to think they were not focusing on these loans until after the push on getting the money to low income areas was finished.
Posted on 6/23/21 at 8:55 am to ithad2bme
quote:I did get an email yesterday, requesting another resolution for the current loan AND another request for ANOTHER 4506-T on the portal. When I spoke to the loan officer, I asked about that, considering I have now sent them four. She didn't say that she had them, but did say she wouldn't have my file to work on if they didn't have them. So I guess that's good news. Moving like a snail, but it does appear to be moving.
Nothing here. The person I talked to seemed to think they were not focusing on these loans until after the push on getting the money to low income areas was finished.
Posted on 6/23/21 at 11:34 am to greygoose
I had a similar issue with the 4506 requests. 5th time was a charm, maybe? I haven’t heard anything in weeks. When calling, it is like talking to a robot with no programming… they have no real information, it’s processing, etc. No more info than I could garner on my own. I know they have priorities and a lot to deal with weeding out potential fraud, but very poorly run.
Posted on 6/23/21 at 11:53 am to drenko50
quote:Just imagine the people at the IRS getting all these 4506's for the same person, some with different years, combinations of years, etc. Of my 4, two were for 2019, one was for 19,18, 17, and the other was for 19, 18.
I had a similar issue with the 4506 requests. 5th time was a charm, maybe? I haven’t heard anything in weeks. When calling, it is like talking to a robot with no programming… they have no real information, it’s processing, etc. No more info than I could garner on my own. I know they have priorities and a lot to deal with weeding out potential fraud, but very poorly run.
Posted on 6/23/21 at 12:09 pm to greygoose
Yep, they are making a mess even messier. The frauds will get found out eventually. They need to remember the intended purpose of these loans and get them done.
Posted on 6/23/21 at 1:15 pm to drenko50
Mine has been stuck in processing for at least a couple months. I'm glad we aren't depending on it, but I can see why people do crazy things when the government takes what they worked their entire life for and seeing the families that it can affect.
Posted on 6/23/21 at 7:27 pm to shawnlsu
quote:I started the process on 4/6, when I got the email. I'm starting to think they hired the Post Office to run this program. Government shuts down business, them comes out with a loan program to keep them afloat, and then drags it out for months.
Mine has been stuck in processing for at least a couple months. I'm glad we aren't depending on it, but I can see why people do crazy things when the government takes what they worked their entire life for and seeing the families that it can affect.
Posted on 6/27/21 at 9:50 am to greygoose
Just did the DocuSign for the increased loan amount! 
Posted on 6/27/21 at 8:24 pm to VABuckeye
quote:Did they give you any timeframe concerning the funding?
st did the DocuSign for the increased loan amount!
Posted on 6/27/21 at 9:27 pm to greygoose
No but at this point it should be automated. The DocuSign email came today.
Posted on 6/28/21 at 7:21 am to VABuckeye
quote:I got this email last Tuesday, no movement since then:
No but at this point it should be automated. The DocuSign email came today.
quote:
Provide a copy of the driver license and social security card.
Please provide proof insurance of an active and in-effect hazard insurance policy for your business, that reflect business property contents: including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Or Active Homeowner insurance policy or Rental insurance policy that reflect personal business content coverage .
Please provide a dated and wet-signed LLC/Corporate resolution, (or updated resolution), authorizing you to borrow and sign on behalf of the LLC/corporation for the requested Covid_19 disaster assistance loan from the SBA. The resolution must contain the loan number, (NOT YOUR APPLICATION NUMBER), requested loan amount, and state The United States Small Business Administration as the lender.
Posted on 6/28/21 at 7:57 am to VABuckeye
You are about 3 months into this process, aren't you?
Posted on 6/28/21 at 8:35 am to shawnlsu
Yep. Applied on April 6.
I supplied the drivers license, COI, etc in May.
I supplied the drivers license, COI, etc in May.
Posted on 6/28/21 at 8:47 am to VABuckeye
quote:
Just did the DocuSign for the increased loan amount!
quote:
Yep. Applied on April 6.
I supplied the drivers license, COI, etc in May.
Are the new docs you just signed, showing up on your portal page?
Posted on 6/28/21 at 9:03 am to greygoose
Yep. I’ve completed everything that is needed prior to funding.
ETA: it says my loan modification has been approved and all steps are showing as completed.
ETA: it says my loan modification has been approved and all steps are showing as completed.
This post was edited on 6/28/21 at 9:11 am
Posted on 6/28/21 at 9:38 am to VABuckeye
quote:You want some more good news? I just got off the phone with the SBA. Mine is approved!
Yep. I’ve completed everything that is needed prior to funding.
ETA: it says my loan modification has been approved and all steps are showing as completed.
Now, here's some good news for you. I asked when I would be funded. She said she didn't know, but guess it would be with 7-10 days!
Posted on 6/28/21 at 9:57 am to greygoose
Great news. Here’s to finally funding! You’ll get an email when it’s time to sign the loan documents.
Posted on 6/28/21 at 10:05 am to VABuckeye
quote:The loan officer approved it over the phone. I was kinda shocked. Portal still says "modification is being processed". I keep hitting refresh on my email.
Great news. Here’s to finally funding! You’ll get an email when it’s time to sign the loan documents.
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