Sba recon reddit. 36K subscribers in the EIDL community.

Sba recon reddit I see if you were denied for unverifiable information that means you have some issues with the original application and the current 2019 irs taxes, so you need to fill out a sba form 3502 and emailed to customservices, pdcrecons and 68 votes, 101 comments. Many of us had congress cases moving along! My congress had a meeting with my First time due to credit. But I’m not 32 votes, 65 comments. It isn't clearing a backlog when you deny thousands and put them into RECON. gov and ask them to reconsider the loan amount. You email your request, no one from SBA reaching out to you asking for your taxes, or business license, nothing. . Members Online • TechnicalResearcher4. LO called me and advised me to email for recon and attach credit info and ask to repull credit. Worth division, who gave me his number/extension and said I could call for updates anytime. Both times i got a response from disastercustomerservice and it was signed by the Ft. Reason for decline: Unverifiable Information. Ask for recon again. Or check it out in the app stores &nbsp; 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 just called SBA to ask if they used my 4506T form to request my tax returns yet? And she said they haven’t. As check is usually final stage. She told me recon department is so full of apps they are still working on Novemeber / Dec 2020 recon requests LOL. Basically, they are making you stay in this big black smokey hole until you get the decline email/letter. Can’t reach him. Loan increase approved and signed May 21st. 8/8 loan amount cut in half due to taxes, accepted a new loan amount. Right now I’ve been focusing on my loan recon but once that is done I plan on escalating my grant recon however far up the food chain it needs to go. They have a way to reach out and get a response quickly from the SBA, it's pretty clear now it depends on who you get. Worth Center which is where the loans Finally after 4 months in recon i woke up with a email from the SBA saying my loan was approved i went into my portal and signed my loan documents after i called the customer service number she verified my loan was approved and they received the signed loan documents and now i have to look out for a second email once my funds have been disbursed i also checked caweb and Nexo is the world’s leading regulated digital assets institution. So I've seen several posts where the recon department has asked people to resubmit the same docs (tax returns, IRS 4506-T, SBA 3502) OVER and OVER again. 0 coins. A source for information on applying for LOANS from the SBA's Covid-19 EIDL 67 votes, 59 comments. I wasn’t aware I made this mistake and the sba never communicated this. 7/9 continue application link to create portal and upload documents. When you do that, attach/submit a SBA Form 3501 with all correct info for the biz (it’s essentially a paper app) and emphasize the attached form 3501 has the The SBA still will want to pull their own direct copy, but you can show them it exists. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for Get the Reddit app Scan this QR code to download the app now. A source for information on applying for LOANS from the SBA's Covid-19 EIDL UPDATE: My local SBA office emails a special email inbox at EIDL HQ. He was disgusted and appalled at the neglect of my process. All of my documents have been received by the SBA. Biometrics complete. It's unfortunate that it has come Whenever I called SBA to see where I was at in the process, they said they'd "note my file" so that a LO would see. I’m in my 3rd recon and each time they ask for something else. Real work. Or check it out in the app stores The COVID program ended and volume is down, so there's mainly just wrapping up of recon files so you will be trained for regular disasters and maybe I’m in recon. 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. Immediately appealed to recon. They know their stuff. They just deny it. A source for information on applying for LOANS from the SBA's Covid-19 EIDL A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for Skip to main content Open menu Open navigation Go to Reddit Home 16 votes, 43 comments. same situation here. Honestly I’m not too hopeful on Recon approvals seems to be no movement and my Senator is involved as well. I've made the same argument time and again that the SBA isn't doing me any favors-- I'm forced A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for Skip to main content Open menu Open navigation Go to Reddit Home Thanks for posting this! We’re in very similar situations. However, on Monday 3/14, I received the auto email saying that they are receipt of all my documents and a loan officer will be assigned soon. I reached out to about 10 banks on that list in my area and presented my business plan. And they respond to emails faster than the SBA by a landslide. My increase was denied on 7/16 for unverifiable information. Record of Account now shows AGI, taxable income,SElf employed taxable income and Total Self employment tax but the Return Transcript did not update . Did I send the paperwork to the correct email? If not please send a Due to the high volume of incoming requests, it may be several weeks before you receive a response from SBA on the final steps. AGI is only used for comparison purposes - they compare the AGI on amended transcript with the AGI on the amended Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. will this be a concern as I get ready to email sba loan increase recon? Thank you all. Loan status “dispersed current” I called the SBA rep and she advised me that my loan docs are still In the processing stage and not funding stage ! she cant tell me when I will fund but I need to continue to be patient 😡and keep checking my bank account ! Right now I have submitted my recon and have been waiting since 5/16/2020, I have sent all requested docs that I was seeing others needed to send in to save time. They responded back quickly in a few days letting me know exactly what was the unverified information for my loan. Sure its helped a lot of business owners but its leaving some behind that are legit businesses. why you all freakin out about verifying your revenue? i understand the few that are saying the SBA is saying your transcripts are blank, but it sound like those are mostly late paper filers that can be resolved through recon. Asked me to sign the P-022 resolution she emailed (which i emailed back in jiffy). ) Googling non bank SBA lender or top SBA lenders by volume to find the most aggressive lenders. At this time, we are unable to complete the evaluation of your request until the following information is provided: 4506 -T and SBA 2022 Form Applied 4/6 RECON: 5/28 SBA finally submitted a correct 4506-T on 8/24. I ignored them and waiting on recon to upload documents I sent in. The level of customer service picking up those phones is down right frightening. I put my LLC on the application and not sole proprietor. I've been in processing since then. And then it is considered a "recon". Today, I called local SBA(not disaster) in Fort Worth Texas. come all together who got denied by sba . TWO DAYS LATER I got an email telling me to log into my portal. I appreciate you supplying the other email, bc I also sent the email to them too. Terms & Policies I have been running in circles with the SBA. October 2021 - I completed and uploaded all requested documents. Wanted to provide details and timeline for others recently denied and going through reconsideration. but this is the Federal government, and we can't have efficiency because the conservatives hate government, the 👔 SBA Case Managers Calling Pending Recon Cases Snail Mail Closing DOCS ️🙂 The law firm would have a GANG of us from Reddit who were affected. EIDL loan increase SBA told us in July there was a backlog of about 600K increases that needed to be processed, and that these will be completed by mid August. 4506-t, form 2202, picture id of all partners, updated tax returns, new bank account etc. They were aware of it. Still nothing, Im not giving up but if someone knows a better way then Typically, the loan is based on the formula (2019 revenue - COGS)/2. I hope this is a reflection of the improvements the SBA has recently made and everyone in Recon will start to see quick turnaround times similar to this going forward. It is because they are The SBA is literally a federal agency DESIGNED to enable small businesses and provide us with resources through educational assistance, funding, etc. My EIDL increase was declined as the SBA pulled the wrong tax transcripts. For sba to Re-disburse my funds to my new chase account. When I asked who my LO was, they always said one was never assigned. There is no recon phone number!!!! There is no one on the other end!!!! Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. The only issue is that in the original application u self-certified that all the info was correct and when they got transcripts and seen the numbers were not correct, that is the discrepancy that needs to be explained in recon. August 6 received letter they would reactivate. Terms & Policies engage senators and division SBA, paperwork, followup, go into recon, start again, but keep fighting. ADMIN MOD 2nd Recon Denied After 5 months due unverifiable business. Good luck Every single one of them I went through Decline and Recon and reevaluation and my first EIDL I went through Decline, Recon, and Bank Account change. I reached out to local SBA. A source for information on applying for LOANS from the SBA's Covid-19 EIDL Here here. Subject: application no, name of business, request for reconsideration Body: Make sure to write a few short, sympathetic paragraphs describing your current situation and how its negatively affected not just your business, but also your life as a whole. I believe it is a good sign and that your loan increase is being processed again. This was odd because I never submitted another recon request. If credit is lower, the bank will be looking for strong post-closing liquidity. As long as an applicant’s credit score is high enough, their business and identity is verifiable, and their business is eligible, they should be able to receive a loan based on that formula. There aren't any issues with my transcripts because the SBA successfully requested and received them during the recon for my original loan (I only received 2 months of funding for my original loan so I went into recon to get the remaining 4 months of funding), yet this time around the SBA has told me that they requested my transcripts over 40 BB 5/10. Once the current backlog of modification requests is cleared by the existing loan processing teams, all of those employees/contractors will be reassigned to the reconsideration department. Probably much more if we count all the applications that were in recon from before. My local SBA rep emailed recon and flagged my application as high priority. The SBA red flags tax amendments made by small business owners after the EIDL was made available to I sent an email to recon, explained why I needed an increase (our Covid numbers are high and economy still shut down), pretty much begged at how desperate we are, sent 4506 and 3502 and 2019 taxes . Waiting in Recon since Apr 17th. I got my offer today from the SBA and was blown away and super frustrated when i saw that it was for only 1,000. They literally picked anyone off the street who wanted a job. 7/16 emailed reconsideration, the president and Vice President of my local SBA, my congressional rep. Submitted the requested docs. SBA call re EIDL decline email/letter + recon SBA will not look at your recon email request because you have not been “formally” declined. I suspect the interest on the loan funds available are racking up massive interest for the SBA coffers in order to mitigate the fraudulent losses. And then when that happens, you start the process all over again. Submitted a new 4506-T through the high-priority team on 9/4. And the second thing. Been able to get LO or SBA to use a different year ( 2018 tx return) or other forms?? I am only asking this because the SBA has changed their recon process, and seems to be giving more details for the reason for the decline and how to reconsider. Or check it out in the app stores &nbsp; &nbsp; TOPICS 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. Skip provided accurate way to fill out forms 4506t and 2202. I also sent an updated 2022 and a Board Resolution. AV8R318 has a delinquent debt and needs to provide proof that he has dealt with it" and this is all madness because when I contact DNP - specifically Treasury Offset they say back that my 10 votes, 16 comments. It makes no sense, but that’s how the SBA system is setup. I spent 90 days trying to send new 4506T forms for 1040 to various SBA address the SBA CS people told me to send to - to no avail. gov Targetedadvancereevaluation@sba. Sent to pdcrecons@sba. But still need to wait till someone views it to see if they mark it as receieved. Congrats for seeing it through! Reply Business_Fix_5893 Thanks for posting this. P of my local SBA. That office merely just sent back the DNP decline letter previously e-mailed and a statement to the effect of "Mr. First, I'm involved with. Posted by u/Cinderell9309 - 1 vote and 16 comments Attended an SBA webinar and asked this question: I check in here with this Reddit thread hourly and watch a couple YT videos daily. pdc. Just got a call from sba saying my loan which was approved and signed will not be funded. Expand user menu Open settings menu Open settings menu According to SBA they are 3 weeks behind in uploading documents for Recon. Seems like SBA does not touch Recon status application and focus reduce backlog number. I’ve been calling and writing my congressional reps office, two local SBA offices, as well as all of the EIDL and Recon email addresses I can find every day for the last week and just got this confirmation Here is the SBA’s tentative plan for those of us who were denied. Of course, I have no way of knowing if she knew what she was talking about. If covid 19 shutdown didn't happened you Don't need this grant and loan they are the problem. He promised to forward to ALL and everyone involved in our jurisdiction. 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. May 4th for the first recon email, but the sba says May 13th. This can occur as a result of a failed identify I have been in recon since 5/5 and yesterday I was asked by the disaster services email to provide a copy of a blank check. LONG story but I was approved for the original loan from Recon on March 4th. August 19 I just received an email for a TO with the SBA for the Disaster Recovery Specialist position. She said that because the SBA "requested the transcript" they would be able to use it instead of waiting for the IRS to send one. my SBA disaster loan was declined because my low credit score. An automatic denial email hit my inbox the same hour that I applied. I’m not going into this again but received an email from recon on August 10th (in recon Thank you but that isn't true. I wont submit a recon, wont call CS, and I will step away from thinking about the EIDL for a while. so a week later they arrived in mail, fully updated and 100% correct, so i scanned Guy's Grant and loan is your right sue to government and SBA take to court. If you are denied, you have 6 months after that denial to apply for recon (credit score etc) Recording link once it finishes uploading: "Backlog Closed" is SBA BS. Plenty have reported approval after a discrepancy. She also asked me to log in to the SBA portal to complete the identity verification /review/ sign document tabs. Recon just denied me today for this my original lo and slo sent me for approval, then whoever the 3rd team is declined me for transcripts blank. sent to recon, recon today after 6 weeks denied me for blank transcripts. I sent them to all of the following email addresses: CovidEIDLIncreaseRequests@sba. SBA requested many times on 4506T and we have provided/emailed at least 5 times of 4506T to SBA. They repulled credit yesterday and received email that it has been determined my file Hello, I am in a similar situation as yours. In recon. They can do a lot on your case just like Recon can. There was a mixup on the 4506T 1120, yet should have been 1040. I haven't been assigned one. I have been in recon 6 months, and I am not the only one. Terms & My recon request was "reactivated for review" in September. I applied on 06/09 got denied today at 1:01 and submitted my recon & got accepted/approved for recon at 1:19 and they requested documents such as Skip to main content Open menu Open navigation Go to Reddit Home I sat on these transcripts for a couple of weeks, and finally scanned them and emailed them to the SBA RECON group. SBA is trying to run out the clock and recon applicants won’t get a dime! Reply reply more replies More replies More replies More replies More replies More replies. I was originally denied last summer for credit but they never checked my credit. Members Online. 4506-T was pre-filled incorrectly on portal. Getting this loan is WORK. U mentioned the transcripts and return match but that is never the issue. Start emailing the main customer support SBA email as well guys. I’m just bummed I didn’t Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Has anyone received a similar email as below? Strange. For my application and my recon case, they wanted the following - Authorization to repull credit, explanation of delinquent credit issues, list of liabilities, 2019 tax return, 4506-T, and P-022. Been crickets ever since. He forwarded my issues to SBA reconsideration and a local group that helps you if you’re 36K subscribers in the EIDL community. Congratulations! That's great news and I'm super happy for you. gov. Declined on August 11th, and in Recon since August 17th. Well at some point soon, many of us are going to have to ditch the portal and start looking for a job of some sort since the SBA wants to take 12 weeks for an appeal. I also reached out to my local SBA District Manager. I told her about this sub-reddit. 10/01 called to check status was finally told I needed to request recon on my original app Reddit is not a substitute for a real lawyer. Reddit comments are not legal advice and do not replace consulting a qualified, licensed immigration professional. reconsideration@sba. Use r/TargetedEIDL for advance/grant issues. gov may result in a delay in The SBA is such a joke. 13 votes, 30 comments. Please use the search bar before posting your question for similar questions answered in the past. I She told me recon department is so full of apps they are still working on Novemeber / Dec 2020 recon requests LOL We would like to show you a description here but the site won’t allow us. gov disastercustomerservice@sba. Advertisement Coins. A source for information on applying for LOANS from the SBA's Covid-19 EIDL 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. We just got denied again because the SBA used our OLD 4506-T to request 8/17 emailed SBA regional offices, district offices, along with several higher ups at the SBA and the recon addresses. After a year in recon they denied me again because of a mistake I made on my original application. 11. (April 28 BlueButton - June 30 Decline - July 2 Senator and Congressman involvement - and only Sep 14 Recon for Increase). Projections and Recon PLEASE HELP <3 in business less than 12 months prior to pandemic (seeking $238K) to PDC Recons email. gov along with 12 supportincluding documents (2019/20 Tax Returns, Drivers License, Voided Check, TAX ID, LLC article of organization etc) . hi all! i got a call from LO today regarding my recon. Prior to that portal was showing documents upload "complete. Nothing still. gov I forward all this in an email that contained the same wording as my letter responding to the decline to PDC recon, Disaster customer service, Minneapolis SBA and specifically the local SBA agent that I got ahold of at one point (early in the process before the decline) I also forwarded it to my congressman/senator along with my privacy release forms. I submitted my recon on May 7th. This application is with High Priority Team. Reddit is not a substitute for a real lawyer. Maybe we are a P-022 and my app would be removed from recon And I panicked I called the main office and by the Gracie of God someone answered the phone with compassion and transfered me to a REAL SBA person "I swear" they told me half those Sba told me to fill out a form and send my 2018 and 19 transcript. no 25 votes, 27 comments. She said everything looks good, nothing outstanding, and will get it assigned to someone in recon to finalize. gov as well. The best and fastest way to get Recon is to just specifically The formula does not take your adjusted gross income into account. I’m afraid of my loan officer, whoever they are, because I have no idea who has my file. The only way I got that detail was by emailing SBA disaster email about what was the reason. And I called the sba and told them chase is I submitted a response to this very issue to recon back in March, now sba processing is declining me for " not eligable - can not find supporting documents " I do not think it is the tax return, I confirmed with customer service that they received 1120 last week, which prompted them to begin processing request 11 votes, 36 comments. But this is only an educated guess. Amended 2019 filer just completed being processed today. I was approved 4/19 after being in recon for almost exactly 6 months. Im optimistic at this point. If you need to submit an updated 4506-T, the completed and signed corrected 4506-T form can be emailed to PDC. Also I have to send them a voided check to. Denied for increase 2 weeks ago due to unsatisfactory credit. I saw few posts such as these about applying for EIDL based on We are a new business so we send in for Recon based on Projections like some of the suggestions we included a list of potential client losses and 4/26 BB for Increase 7/16 Denial letter for Unverifiable Info and Request for Reconsideration in the same day. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Sent to pdcrecon@sba. My original increase was through site on 4/22/2021. SIN after ecopr issues How do I know which one , Recon, or Appeal, when I get different answers from SBA? I do not believe I was denied twice--Just that one time for non-receipt of the 4506t. Use r/TargetedEIDL for this is not true and not a SBA qualification. I worked under my ssn. gov/relief for the most current updates. Members Online • VolcanoTwister . Get the Reddit app Scan this QR code to download the app now. Premium Powerups Explore Gaming Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. EIDL recon original app (not increase) 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. If you have any questions regarding the COVID-19 EIDL program, or SBA's other COVID relief programs, please visit our website at SBA. " When I logged in this morning, I see a tab Electronic Disbursement with a notation "complete" and then says This forum on Reddit has more information than the SBA Loan Officers or the SBA District Director, so I definitely appreciate that. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier I told myself that I would take a week off. Funded May 25th. I was told to do this by another reddit user u/rodney130 as he said this worked for many Got an email from the SBA saying that I needed to take action or else my application would be withdrawn so I accepted the $1K I had movement today on a reconsideration that was previously declined due to credit. I reached out to my Congressman and both Senators. and Senator for state. My score went down because of pandemic. Most recently, they marked my recon application I had been working on for 3 Sent SBA via fax and email my recon request with updated tax return, financials, ID and business license 7/14 – Decline Letter arrives via email with 7/3 date. Was in recon for unverifiable info. Get app Get the Reddit app Log In Log in to Reddit. true. Does this mean I’m 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. She verified my identity . r/EIDL A chip A close button. Not yet. I told her it was approved back in august and we signed documents but couldn’t get an answer as to why we weren’t funded. I had once CS tell me that the application was not in appeal or recon and that it was in a status where they are checking documents and the 4506T. I also received this email We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. SBA has my taxes and proof IRS has them Cash flow not an issues Corp standing Google search validation Insurance 30 year business 25 year bank relationship Credit score 865 Get the Reddit app Scan this QR code to download the app now. Had the most wonderful man, literally typed my every word as we were speaking. So there are about 240K Increases in Recon, at least. Send those 2 things, along with a copy of your SSN card, and an explanation that the SBA has sent you forms with the wrong SSN on them, and ask them to change and correct it in your application file if it is incorrect in there. About 40% of those were processed but declined and sent to Recon. It was a Tier 2 Rep. Yesterday an "Application High Priority Team" LO called, we cleared up a few small issues, signed 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. It's time to get back to work. 5/13/20 - SBA pulled my credit on Experian 5/13/20 - Received an email from James Rivera, Dir. Some outright said no for various reasons and others asked for more info, like the View community ranking In the Top 1% of largest communities on Reddit. March - quick app, May - credit pull and $1k grant received, June - offer for LOW loan amount and told no recon available, July - finally accepted low loan amount and shortly after found Reddit and realized the colossal COGS mistake, July - submitted docs to PDC recon department, still waiting today for SOME kind of response from recon One thing I’ve learned throughout this process is we all have multiple folders created at different stages. Sent bank statements to recon on May 18. Portal never changed. I talked to local SBA office yesterday. I an EIDL Recon pending. Received another email on May 20 from COVIDincrease (I copied all sba contacts in my response email) saying I have not provided any further info so they were unable to review my request. I’m so glad I joined Reddit it’s been so helpful. Emailed a screenshot of my credit score that day followed by full credit report Thursday of last week. This is a rumor that was suspicious in the beginning. You might look for a non-bank SBA lender for the most flexible terms (but these will also have the highest rates. In third week of Sept, we're told no 4506T had been 5/13/20 - Received a phone call from SBA Senior LO from an unidentified phone number who said he was working on my reconsideration and was pulling my credit. So I requested a recon after second denial. 10/14 received invite to file recon in portal and fill out 4506T and upload full 2019 taxes. Unverifiable Information During the loan underwriting process there were one or more items that were reviewed that caused the SBA to question the validity of certain information you submitted as part of your application. After receiving my declination letter, I decided to shoot recon an email asking why I was denied, but I never heard back so I decided against waiting in recon hell and just moved on without pushing any more for the additional funding. I also had to make an amendment earlier this year to my 2019 tax returns. I guess the SBA considers them invalid after 60 or 90 days, not sure which, so you need to update the numbers 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. I posted this earlier but Reddit changed my username and I don’t know what’s happening. Since then - hundreds of calls to customers service from me and silence from SBA till 10/20 when the very 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 request 7/7 with decline for credit letter sent. EIDL Recon, TA/STA Reevaluation . A source for information on applying for LOANS from the SBA's Covid-19 EIDL Open menu Open navigation Go to Reddit Home. 7/17 I got a reply from V. Filed recon Oct 21, 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. Absolutely yes to any outstanding SBA loans (including EIDL or non forgiven PPP) but I don’t believe the SBA would consider your personal mortgage a business liability even if you have your office there. They report on the actual state of affairs at the SBA not partisan politics. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for I received the same request from recon. I was never sent a denial letter. I have been trying to reach someone at 800-659-2955 with no luck. Could anyone help me The sba website publishes a list of banks that process sba loans. So there’s a 2020 original, modification increase #1, recon #1, recon #2, etc. before i submitted by mail my full recon when i did email recon before i got my decline letter and one other time i emailed them about a 4506-T issue i always cc'd disastercustomerservice@sba. of SBA saying my application was assigned to a LO 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. Plenty of banks will only require 10% down. Was in recon. I just got a call from someone at the SBA. Received a couple replies the next day saying it was processing and to wait. Called SBA today and played dumb like “so, what’s the next step?” The agent was like, “Ummm you’re approved and have already signed loan docs. 36K subscribers in the EIDL community. Reconsideration@sba. gov (this one is plural) PDCRecons@sba. But the only way they going to retrieve the money from chase is I have to do all this first. Received that request back from covidEIDLincrease on May 13th. They are supposed to follow the IRS low income community guidelines which means there are some exceptions to showing up on the SBA map in the approved purple area. There are many many people here that were approved and many that were denied with more I’m afraid of the inconsistencies within the SBA (aka all the crazy stories we learn here). Or check it out in the app stores Home; Popular; TOPICS 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 spoke to the IRS, and they told me that when they update the transcripts, the necessary form that the SBA looks at to determine your loan is the schedule C. You probably know this though. Applied for Recon on May 28- Asked for more info on June 26 I applied for the SBA Disaster EIDL recon, a couple of weeks ago. reasonable discrepancies are getting approved since you were asked to estimate initially, but some of these are way off - so much No it wasn't an LO. I provided every document you could possibly imagine to be denied "Unable I got a withdrawn/denial letter from SBA on July 28, then email immediately to Recon and also talked to Tier 2 because I can no longer login to the SBA portal. 8/2 accept and submit loan amount with tax transcripts request. disastercustomerservice@sba. Don’t they need to request this to move forward? They haven’t even requested the IRS yet( we know IRS takes forever once request is received) SBA is a disaster, even worse than the actual pandemic Frankly, the IRS would have done a MUCH better job of dealing with the advances (as refundable tax credits) and possibly even the loans (as regular "revenue" payments for a set number of months) . Contacted local House Rep. “ High priority” now after congress etc. . I’ve called SBA 5 times today for my 2 companies in Recon. I estimated based on my transcript hardcopy via snailmail that they'd get the PDC RECON-SBA DENIAL AGAIN!!!! HOW WOULD YOU RESPOND TO THIS. Its been in “9/30/21”. I called customer service each day and asked about my application and they noted how desperate my business was and let me know I needed to re do some forms . Reddit's hub for advice, articles, and Pdcrecon@sba. Got denied on June 25, recon started on June 27. 10/31 Received an email asking for documents to be uploaded to the portal (Voided check, schedule of liabilities, driver’s license). I was self employed 2012-2019 and have always filed schedule c. Also, they don't specifically state that a 4506T is MANDATORY. 1. It uses your (2019 business gross revenue minus COGS) x2. 00! I contacted the SBA and they told me to email pdcrecons@sbc. Telling them to keep checking the portal. I got this same email today, saying they were not able to process the request and asked us to submit the docs AGAIN. She also said my accountant could get it faster than SBA. ADMIN MOD Is anyone else afraid of the SBA running out of money while in RECON? Its really possible right? and discouraging because i've seen businesses who filed after me and get And when SBA pulls your tax transcript, they get the old one that doesn't match with the revenue that you wrote on your EIDL application. Heck, even now I am stuck in recon for the increase since Apr 7, 2021. After filing recon on portal, weeks went by and nothing. 70 votes, 105 comments. It's WILD to me that an agency created for the SOLE PURPOSE of helping small businesses is One is in recon for the first draw since March of 2021. Contacted my US Senator 7 weeks ago and got a little movement then, including a call from an SBA rep from the Ft. We qualify for the $2 million but wanted to go for the $500k first since we have been waiting so long. Businesses are suffering because of politicians play with humans life. 8/20 happened to login to portal for the hourly check, had request to sign another 4506-T (this was my 6th one since April) Signed it. I have my taxes scanned and ready, the proper 4506-T formed filled in, downloaded, printed, signed in ink and scanned to pdf on a thumb drive at I was approved on 7/2 signed docs the same day portal says “funding “ CAWEB updated with new loan amount. I have sent them everything they asked. March 2021 Filers Family-Based upvotes So this time it might have been ok. They said I am literally waiting in line for both EIDL and Targeted. unreal The SBA should be ashamed of itself really. With regards to recon, they have all the docs I've been sending in while I've been waiting. Im guessing if accepted I would go back into processing. I then fax a 4506T to IRS to ask them to send me 2017, 2018, 2019 transcripts on my business, then realize for the 2019 tax transcripts, it was all zeros and stated no return filed. The portal changed from declined to processing on August 21st. Got an email today from recon saying. So” I then asked, “Well, I’ve been waiting over 5 months since beginning recon do I have like 1 month more to wait?” Why in the heck does the SBA site say one of the most common errors on the 4506-t is “Incorrect tax year was provided (make sure you only request the 2019 Tax Return & no other years)”, when you click the link to get & download the 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. Please note that repeat inquiries to PDC. I’ve sent everything I possibly can and 6 weeks ago i finally got in touch with an IRS agent/rep who knows the issues we have with amended transcripts so she somehow found my 2019 taxes in their system, and sent them manually to be updated, she told me she has to mail and when i get them, to scan and email to sba/recon. November 12, 2021 - My Credit was pulled by the SBA - this was exciting to see happen. There is otherwise no way for the SBA to determine what you sales would've been like in the absence of the pandemic. Then Ill get an email most likely to continue app. In July was denied for unverifiable info. Everyone is different. Contacted by loan specialist on May 19th. And still no loan office ever wrote or called me Yes, I recommend hello skip for going step by step through the process including drafting emails to SBA and Congress. Recon Timeline - Approved! and exhausted! What a wild ride it has been! A true rollercoaster of So I am in recon for several months. My portal reverted back to original amount received in loan last year. This is the fastest I've heard of so far in terms of getting approval after going into recon. I call tier 2 daily. Nothing since then. Waiting for the SBA to send a new 4506T to the IRS. 22 . Second is in recon for the Increase. It’s really disheartening . My credit was never pulled or it would have shown a 700 score. rye lylt iushdt lptr nmogmhoxo mvh rtb fzykl ocjqzoulp dmqszlgw