Reddit eidl reconsideration

Reddit eidl reconsideration

Well they might want you to sign a piece of paper or two first. I sent updated voided check and ID 2 month before but no update . last Friday one customer service said some times they fixed that but it I just got my reconsideration approved today been fighting since August. I received a call from a loan officer Saturday and she had me to fill out a p-022 form. 7/7: resent reconsideration email, received automatic response. Dear: Reconsideration Department. Transcript received 16th August. The EIDL is a decades-old program, and if they forgive loans for this particular disaster, then borrowers for every other EIDL program are going to expect forgiveness on their loans as well. Give them a voided check. Do you have any address changes? any differences between the original applications and the reconsideration one? did you request the amount that you are eligible for? A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. 2. COVID-19 EIDL Assistance: Please contact COVID-19 EIDL Customer Service at 833-853-5638 (TTY:711), email COVIDEIDLServicing@sba. I applied for the EIDL loan back in May, I was rejected because of unverifiable information. ago. What’s the EIDL reconsideration time frame to get a portal invite? I wonder what’s the eidl reconsideration timeline to get assigned to a LO or email to create portal? I got an email saying app is reactivated and will be assigned to a loan officer back on 07/20. Called on Monday the 8th and talked to Tier 2 and found out there wasn't another application and A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. this Friday on feb 4th they said it’s showing funding,I asked them I want to make sure they corrected my ac info cause still it’s showing old one. Low_Conversation7394. last July 2021 I called customer service, they told me to loan officer did a mistake about my gross income needs to apply for reconsideration. Send reconsideration email on 10/05/20 Received automatic email asking for recent tax return, 4506 T, schedule of liability and explanation of bad credit on 10/10/20 Denied Eidl loan reconsideration Was denied the Eidl loan reconsideration again due to “incorrect information”. 5/16: denial letter dated 4/14; unsatisfactory credit. I was denied because my business was formed in Jan 2020 and I had income right away and received original loan them for increase LO knew I didn’t have 2019 or 2018 tax returns obviously and had me send bank statements proof of insurance profit loss. Reconsideration. ET, Monday through Friday. m. 4/14: credit pulled. Does that mean I'm… r/EIDL • 2 yr. Reconsideration APPROVED. also signed the 4506 T document submit to SBA. If it’s for an increase, it’s taking between 4 and 8 weeks (providing there’s not some issue with documentation, such as the inability to receive your transcripts from the IRS) Reply reply. I highly suggest you fax in your info. That is actually means ur file has been submitted for final decision. About the Targeted EIDL Advance program Miller7810. Contact us. Been in recon since July. by tboneinc. Employment Authorization Card. Was able to verify our information, and signed closing documents. I have been went through reconsideration 3 times since 2/24/22 and het approved to get reactivated for further consideration than I get declined again right away for unverifiable information, yet I can pull my 2019 transcript from the IRS and the IRS said the SBA should be able to A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Reconsideration VS. First time due to credit. 7/19: received email requesting 2019 tax return, form 4506T. This was after I updated my bank info on the portal 12/20 and sent in my transcripts on 1/4 A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. The $26,000 was based on the financials between 1/31/20 and the 12 months prior just like the application asked. Started reconsideration process June 27th. Reconsideration@sba. When i logged in yesterday my loan amount was back up and in the “amount confirmed” stage instead of “declined $0”. Fill out the assets, liabilities form. I am writing requesting reconsideration of the denial of my SBA EIDL loan application No. My business was started in June of 2019 so last year only had six months of revenue when I completed the EIDL application. Hello all, I want to request Amex for a reconsideration on my credit card my 1st statement just closed on 06/19, or should I wait for 60 days to request a CLI increase? Would either request be a hard pull? I have the blue cash everyday at $1k SL. Still no word. I have been so concerned that with Hurricane Ida, we would be in double purgatory waiting to get out of reconsideration. Let me reach out to Senator Kennedy's office. But it’s def means you have movement by being asked to submit those things. I'm requesting to please re-pull my credit report, my current credit score has improved to 616. Here is my timeline; April 8th- Replied to the email for the EIDL loan increase Duplicate Application Reconsideration Timeline. 1. EIDL still ongoing after nearly a year of reconsideration. So hopefully this won’t have an impact on that. So I have been in reconsideration since June, my design business was unable to get off the ground because if covid. Hi all, I applied for the EIDL back in April received $1000 grant. I have decided to send reconsideration after I file 2019 tax. Same here. gov. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… . I requested a reconsideration in January. 3301635XXX. Got a call yesterday from SBA for me to update my bank information in the portal and she said she will submit for approval. 7/2: reconsideration request, mailbox was fulls, sent fax. • 3 yr. 36K subscribers in the EIDL community. 4/16: 2k advance deposit. reconsideration I spoke with my loan officer today and she said that my application is being reviewed. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. After a year in recon they denied me again because of a mistake I made on my original application. I applied for EIDL grant and EIDL loan for all of them in March, all got declined due to My Unsatisfactory Credit History. Appeal. I got my advance April 24th for my EIDL and on May 30th I accepted the offer and on June 6th I got the declined email because they stated I had duplicate applications in the system. then Finally 1st August 2021, apply for reconsideration. I am a single member LLC. r/EIDL: A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL… Nov 19, 2021 · The SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. At this point, we felt hopeless with our SBA EIDL Loan Process. •. I also teach marketing and on everything that I have read in terms of EIDL loan eligibility as well as confirming with the Small Business Development A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I put my LLC on the application and not sole proprietor. I never got the portal email for this business application. 2- As soon as the "infrastructure" bill is passed, $31 Billion will be removed from EIDL funding and used for infrastructure. Originally we applied for the EIDL grant. This opportunity is for small businesses that were declined for the Targeted Advance program and can provide additional information to demonstrate their eligibility. I care more about the actual loan than the advance. You've given me hope! I did a Congressional Inquiry with Congressman Carter a month ago and nothing has come of it. Share. Fill out March 2019 4506-T. Because I didn't see a posting who has approved after denied through the reconsideration. COVID-19 EIDL Customer Service is open from 8:00 a. Congratulations. Ideally you should wait 3 A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. My EIDL Increase was denied for unverifiable information. All of the time preparing investing in marketing , websites etc all wasted, but most of all my time. If you don’t do this the initial rep that you are calling about reconsideration they Scorpio14534. second business customer service told me to request reconsideration which i did in august and then got a request for paperwork and shortly after received a decline for withdrawl or failure to respond letter so i want to request recon once tax transcript available but not sure if i should wait and submit right before the deadline to ensure Clerk_Illustrious. I’ve heard of some people getting approve very next day even some in same week some following week or following week with a answer. Same here I submitted everything in review. Our account became inactive before we were able to apply for the EIDL loan. As a last chance to get much needed Scorpio14534. 3300162xxx. I am an Independent Contractor. Jan 31, 2022 · The SBA is no longer accepting new Targeted EIDL Advance applications as of December 31, 2021. The documents were sent and on Nov 2021 SBA sent the following email: "We have reviewed your request for reconsideration for an EIDL loan increase and we are in receipt of your requested documentation. What i was told was to use the link provided in the email, and change the name on the account to my name. After seen the loan amount I ignore that amount. I have been in reconsideration for nearly a year. I signed loan document 12/10/2021. Seems like SBA does not touch Recon status application and focus reduce backlog number. RE: App No. EIDL Reconsideration I’ve been in reconsideration since around August of last year and finally received another email. gov, pdcrecons@sba. gov, PDC. My timeline: 3/31: initial app #3300123xxx. If this is your original loan, it seems to be taking 3 to 4 weeks. They know the defaults are coming en mass, especially under $200m which are not personally guaranteed. Apr 3, 2022 · All SBA EIDL loan increase requests, modifications, and reconsiderations will be processed in the order received and are subject to availability of funds. give them bank statements going from Mid-July 2019. I know many of us didn't receive an increase BB, but Emailed recon immediately 7/31 with docs they didn't even request. I haven't heard a word. 2-3 years of tax documents. Wtherrien423. My only advice is to be proactive by keep calling SBA until you have answers and to contact your local Congressman. Last I heard from them, address problem with 4506-T and now that it was rectified, they’ve had my transcripts for the past 3 months, reached out to congressman and was told transcripts was coming back redacted, anybody know what this means or who to talk to ? We submitted our documents for reconsideration. There is not a specific phone number for the ”reconsideration department,” call 1-800-659-2955 when the operator answers, tell them that you are calling to get a status update for your reconsideration and request tier 2 agent. I did Reconsideration Request for them all and successfully got 2 approved and A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. 4. October 16th: Sent the following docs to disastercustomerservice@sba. After reading all the post in reddit eidl community. EIDL - I received a decline letter stating that my business activity is not eligible my 6-digit NAISC industry code is 541613 (Marketing consulting services). There is no provision for forgiveness on these loans, nor should anyone expect that there will be. The SBA tier 2 rep proceeded to mention that the reconsideration process would likely take 4-12 weeks, and for us to sit tight and hope for the best. Go to EIDL. We forwarded your email and attachment (s) to our Processing and Disbursement Center for review and file association. r/EIDL. I jus hope we are in that same week. to 8:00 p. Faxed documents on 9/6. Reply. Use r/TargetedEIDL for advance/grant issues. Thanks for sharing. A month or so later I received notice I was denied due… A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Archived post. Usually takes 3-4 days but i am not sure right now lol congratulations! 1. I don't know that. I then double checked that the routing number & account number, name of the bank were correct, and submitted it. gov, or send a message through the MySBA Loan Portal. I did this 12/01 and received a confirmation email. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… Just called sba rep told me that my reconsideration is in review idk what that mean if anyone have any insight to what that mean I will greatly… A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. wsucougarbill. After reconsideration I was finally funded for my EIDL loan modification today! Don’t give up hope. You would have to have gotten an EDIL loan early last year or applied for one and got denied but got the Advance for $1000 to get an invite from the SBA for the Targeted Advance, which would have been the remainder of the $10,000 ($9,000) if you got the advance earlier that year or EIDL loan? Reply reply. New comments cannot be posted and votes cannot be cast. They just asked for a drivers license copy, voided bank check, SBA Form 2202. its been 2 moth same crap they are saying keep checking email. • 4 yr. gov, and FOCECOMMCOVID-19@sba. 2018-2020 Income tax Return, 2018-2020 Irs Tax Transcripts, Drivers License front and back, Voided Check, Renters Insurance, Proof I received 2 PPP's & Original Loan, 4506-T. If your EIDL loan application was denied by the SBA, you still have an opportunity to request that they take another look. This reconsideration process has been a successful strategy for many applicants, but you’ll need to have a detailed reconsideration package. FierceM420 • 3 yr. It appears I was denied due to unsatisfactory credit history. Per SBA we had to submit docs for recon. i got my reconsideration LO assigned 48 hours after submitting a combined package, verbal approval a week later, and signed closing docs and money went to CAWEB last week so i just thought i would suggest what i was told is slowing down the process, but it sounds like either way works. My Reconsideration Experiences! Everyone, please be patient and don’t lose hope! I have 4 restaurants, all were hit severely in this pandemic. oh okay. The SBA (I believe) has been instructed to issue the larger loans since those are to companies more likely to repay them. Anyone approved from the RECONSIDERATION that after being denied INCREASE (Loan Modification Processed)/ ORIGINAL. To make a long 10 week process short, we applied long form, then short, then got declined, fixed credit, filed appeals, finally got a person that could help, and today 75 days after first applying- we got our reconsideration APPROVED and portal. When we asked what our chances for getting the loan reconsidered/ approved was, the rep did not seem optimistic. So about a month ago my business got approved for an EIDL loan of $26,000, which helps, but not nearly enough. it lp en gt er dv jr it qk gc