Reddit eidl increase reconsideration. And you usually get one regular reconsideration before you’re stuck with the final appeal. At some point in the process, you must’ve had a denial. Dear: Reconsideration Department I am writing requesting reconsideration of the denial of my SBA EIDL loan application No. Reconsideration request for PGWP. after the c. Posted by u/Mysterious-Heron-550 - 3 votes and 8 comments 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. Sometimes reading these threads can be super disheartening. While we all know the SBA is working night and day processing EIDL apps in queue, another "line" has formed with a separate staff to handle EIDL recons. Get app Get the Reddit app Log In Log in to Reddit. To continue processing your request, please complete the following steps: May 4, 2022 · Disaster Response. 1. Originally requested increase in November of 2020. Innocul8. reconsideration@sba. After seen the loan amount I ignore that amount. There was incorrect 4506-t. Has anyone had any issues with their s Corp status not being approved for 2019 and figured out how to get the eidl increase. SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined This Eild increase reconsideration is taking forever. recons@sba. If you have the ability to get your tax return stamped at a local IRS office, it appears that the SBA will accept that in place of a transcript. co explains the process and what should be sent and where to send. I was told to mail my 2020 so that the new 2553 had time to process. I explained that the LLC is my legal name, and the DBA is just that- what I use as doing business and my bank account and legal papers match my LLC. My original offer was for $75,000 which i… We have reviewed your request for reconsideration for an EIDL loan increase and we are in receipt of your requested documentation. Actually literally just got an email from them this morning saying, “ We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. •. So for those stuck in recon, CALL YOUR CONGRESSIONAL OFFICE. I have a screenshot of the process directly from the SBA but do not see how to copy & paste to Reddit. Requested reconsideration. Your case file will be assigned to a processing loan officer shortly. EIDL still ongoing after nearly a year of reconsideration. Haven't received the decline email yet, but I decided to send an email any way to recon yesterday to get the process started. Both times for credit history, and my score did not go up (was still below minimal threshold of 570) but I still got approved both times, but took 3+ months each for both loans, because of recon process, though I hear they are moving 10X faster now with Posted by u/Mysterious-Heron-550 - 3 votes and 8 comments Back on 2/19, I got an invite to apply for the Targeted Advance. The original application reverted to the original loan amount and the new application under change businesses shows the increase amount and application is processing. Please put your application number and the word INCREASE in the subject line. Submitted my increase reconsideration in the beginning of July. also signed the 4506 T document submit to SBA. I would highly suggest that you gather up those documents again put in the subject line your application number and the word increase on it. Bench. Log In / Sign Up; Finally approved today after applying for increase. pdc. Original EIDL $27K back in June 2020 Asked for increase reconsideration in November 2020 emailed 4506-T various times as they had issues with form & format (wouldn’t accept picture scan, had to be scanner scanned) Denied for no reason on that increase Dec 2020 To submit an increase request for your Economic Injury Disaster Loan (EIDL), include your most recently filed Federal Tax Return (FTR), a signed IRS form 4506T, 4506T instructions, 4506T, a completed 3502 form, and include an explanation as to why the increase is needed. Please find attached a copy of my updated credit report. Work Permit. Use r/TargetedEIDL for advance/grant issues. Log In / Sign Up; 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. yall its pdc. loan increase request is stuck! Hey guys would some guidance on how to get a stalled loan increase request moving. Top_Kaleidoscope_999. The deadline to request a U. Based on what I am seeing, and based on a phone call with a reliable source, 5-9 days seems to be a good timeframe, although more complex recons may take longer, and simpler ones 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. There was a lot of fraud last year so people are getting denied now with their more strict underwriting guidelines, so an original EIDL loan does not at all guarantee an increase approval. 2. You successfully completed your request for an increase via the SBA loan portal and the increase is in process. I have been in reconsideration for nearly a year. 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 ? 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. What makes this even more egregious is the fact that these decisions are being made by people at the SBA who have an IQ of between 50 to 60. I felt like the process kept going backwards. I found out through my loan specialist, and Tier 2, that my increase was declined as well. . Nov 19, 2021 · As a result of these increased loan review rates, the 600,000+ loan increase backlog has been cleared and new applications are processed immediately. r/EIDL A chip A close button. If we have everyone on Reddit just send 1 email or make 1 phone call to your congressional leaders 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 have reviewed your request for reconsideration for an EIDL loan increase and we are in receipt of your requested documentation. There is no specific timeframe for when the final decision will be reached, but you will be We received your request for reconsideration of your COVID-19 Economic Injury Disaster Loan (EIDL). gov ARE NOT WORKING. pdcrecons@sba. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… She then said that it would be automatically approved and I would receive new loan docs to sign and pushed through to funding. 3. then Finally 1st August 2021, apply for reconsideration. 3301635XXX. They know the defaults are coming en mass, especially under $200m which are not personally guaranteed. What email did you send your reconsideration to? I'm assuming your application was declined. Initial loan amount was the $150,000. At the same time, and to ensure taxpayer dollars are used to support businesses that need COVID EIDL funding most, the SBA increased fraud controls and is working in collaboration with the SBA If you are denied on appeal, you don’t have the ability to request reconsideration again. I'm requesting to please re-pull my credit report, my current credit score has improved to 616. Thank you. Google “How to apply for reconsideration”. He put the notations down, fixed the bank account, and says I 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 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. Expand user menu Open settings menu. Reconsideration is a slow process, and some people have been in reconsideration for six months or more. I now have 2 applications on my customer portal. Go to EIDL. We… 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. EIDL Increase without tax documents or SBA BS! Call your Senators and Congressmen and ask them to pass bill S. S. I just wanted to let you know there is hope and keep grinding it out. Yes correct I just did not put the period in my post but yes you are correct still not working. The SBA (I believe) has been instructed to issue the larger loans since those are to companies more likely to repay them. r/EIDL. . Hi, u/Green_1965 Yes! I went through same thing for both EIDL loans; original and increase request, I appealed in reconsideration for both. RECONSIDERATION TIMELINE. The rep said that my bank account info was still wrong, and that another issue arose because my LLC name and DBA name doesn't match. Hi, my pgwp was refused because of a misunderstanding so I sent a reconsideration request on Feb 3rd, through the IRCC webform with some documents to clarify my situation. co - EIDL Reconsideration: How to get a second chance. ADMIN MOD. You are receiving this message as a notification that we are unable to continue processing your application due to the lack of available funding for the COVID-19 EIDL loan program. This Eild increase reconsideration is taking forever. Denied, Requested Reconsideration, Received Loan Portal and Accepted Loan this morning. Your case file will be assigned to a processing loan officer r/EIDL A chip A close button. How long does it take for an increase reconsideration?? Looks like I’m going to have to process that. Based on our review, we have determined that your file should be reactivated for further consideration. Example: People in reconsideration for the loan increase have to do another 4506-T - even though they already this days or weeks ago and SBA has the transcripts. I did so, and on 4/13 a very sweet, knowledgeable loan officer contacted me. reconsideration@gov make sure you put the . 4506-T issues. Applied in April 21. Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) loan increase or reconsideration is Friday, May 6. Then click on bench. You don’t end up in reconsideration if you haven’t been denied. This is a wonderful summation of the issues causing business owners to be wrongfully denied. gov sorry. There is no provision for forgiveness on these loans, nor should anyone expect that there will be. 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. Requested the amount then. I was very discouraged at times. I was in recon for about 2 months. Portal option to increase has never shown. I got an email on the 22nd, confirming that my request was forwarded and received by the responsible office. Dear SBA Applicant Application Number: xxxxxxxxxx. Heard nothing until July with declined letter for unverifiable information. Loan Increase 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 Yes. This is for existing borrowers or those who have previously submitted an application and would like to make a request for reconsideration. 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. 513 which ensures we all get the remaining balance of $10,000 and up to $2M loan without further documents or tax records. Posted by u/amethyst_fairy - 10 votes and 4 comments 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. There was a lot of back and forth and waiting around, but I finally got my approval email yesterday. We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. Instead of 1065 they requested 1120 tax form. Scorpio14534. ALL COVID-19 EIDL FUNDS HAVE BEEN EXHAUSTED. To all of you who have received a verbal denial, there This Eild increase reconsideration is taking forever. 2- As soon as the "infrastructure" bill is passed, $31 Billion will be removed from EIDL funding and used for infrastructure. These people aren’t qualified to be making decisions about these EIDL loans. After reading all the post in reddit eidl community. gov and pdc. It appears I was denied due to unsatisfactory credit history. No news until September when SBA requested new 4506-t. 36K subscribers in the EIDL community. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues 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. I have decided to send reconsideration after I file 2019 tax. We submitted all the documents for loan increase on April 9th. I did all of that the same day and went ahead and sent a copy of everything to reconsideration with another lengthy explanation. still not working. It all worked out in the end though. Application Number: 3308*****. I would also explain why you need the increase and double and triple check that you have all of the correct documents to go along with it. I wrote a letter to my congressman Thursday night, received a call from his Office Friday telling me they would reach out to the SBA. Saturday morning the SBA loan officer called me. fj ov vx kf rp hq zl cl wj gd