- I am a commercial banker who has worked through last two months to get all of my clients approved and funded for their PPP. Have questions about the program, your application, or the process? Here to provide you no BS answers to those questions.
- Eidl portal is under development
- Anyone else get this email from SBA?
- EIDL loan, new mailing list
- Received PPP. Can we pay ourselves one lump sum, instead of 8 weekly payments?
- Best Way To Hit 100% PPP Forgiveness?
- Email from SBA Received today
- You know you are OCD when you Bookmark Reddit - EIDL
- What is the most creative way of giving/receiving bribe you have seen?
- [Question]International seller, US Customs and Duties?
- SBA Letter Establishing Verification Process and Fraud Check Indicators
- Bluevine Survey in my email
- Just applied for PPP at Bluevine at 12:15am... approved and signed within 20mins!!!!
- Starting an MSP (Managed Service Provider) advice on finding clients and how to initiate.
- Did anyone get this SBA EIDL email?
- So PPP requires Eligible expenses are those that are incurred over eight weeks, starting from the day the first payment was made by your lender.
- If you didn’t get the generic SBA email this evening.
- Received $1K EIDL from SBA but no contact?
- Update: New Email From SBA (05/02/2020)
- Ready Capital / Lendio cutting it close! Still no docs!
- Sole Prop paying self with PPP
- Finally approved for PPP via BOA for and reached the promissory note step. Are there additional steps, or now do I just wait for the funds to hit?
- EIDL UPDATE: Subscriber update
- Got this from Paypal yesterday, so hopefully funded PPP next week
- PPP approved asking for Additional documents.
| Posted: 02 May 2020 05:25 PM PDT Ask away!! Edit: signing off for the night folks! Been fun. Thanks for your questions and good luck out there! [link] [comments]  |
| Eidl portal is under development Posted: 02 May 2020 03:06 PM PDT Ok so it took me 35 calls since 03/31 to find out today my loan amount on the phone with tier 2 and he told me that the reason he can't send the portal is because they are working on new portal, that's why it's delayed last week or so. Hope that's a good sign for all of us! [link] [comments]  |
| Anyone else get this email from SBA? Posted: 02 May 2020 06:48 PM PDT Dear Applicant, We understand the challenges your business is facing due to the massive disruption caused by the Coronavirus (COVID-19) pandemic. You are receiving this message as a notification that your Economic Injury Disaster Loan (EIDL) application is currently being processed in the order it was received. You will receive an email notification when there is a change to your application status. Without question, COVID-19 has caused an extraordinary impact on our nation's small businesses, and the demand for emergency working capital provided by the EIDL program is at historic levels. The SBA is processing applications from small businesses and private non-profit organizations across the country as quickly as possible. We thank you for your patience and understanding as we work to assist as many applicants as possible. [link] [comments]  |
| Posted: 03 May 2020 01:49 AM PDT It seems they have created new mailing list and dumped all email IDs in there. The list is called EIDL applicants 5/1/20. The old lists EIDL full lists 1,2,3 still exist. The message received today went to old lists. I know this because I have two applications under two email IDs both in different lists and there was a time lag in both emails. I suspect in future SBA is expecting to send different message for applications filed before 1st May and after. One might ask whether I have nothing better to do and you will be absolutely right. There is nothing else to do other than mindless speculation. [link] [comments]  |
| Received PPP. Can we pay ourselves one lump sum, instead of 8 weekly payments? Posted: 03 May 2020 01:08 AM PDT |
| Best Way To Hit 100% PPP Forgiveness? Posted: 02 May 2020 08:08 AM PDT I have a $13k S-Corp Loan with 1 employee. Which option would be safest?
[link] [comments]  |
| Posted: 02 May 2020 09:22 PM PDT Dear Applicant, We understand the challenges your business is facing due to the massive disruption caused by the Coronavirus (COVID-19) pandemic. You are receiving this message as a notification that your Economic Injury Disaster Loan (EIDL) application is currently being processed in the order it was received. You will receive an email notification when there is a change to your application status. Without question, COVID-19 has caused an extraordinary impact on our nation's small businesses, and the demand for emergency working capital provided by the EIDL program is at historic levels. The SBA is processing applications from small businesses and private non-profit organizations across the country as quickly as possible. We thank you for your patience and understanding as we work to assist as many applicants as possible. Additional information on available resources to assist your business during the effects of COVID-19 may be found online at blah blah blah... Subscription switched to: COVID-19 Economic Injury Disaster Loan applicants [link] [comments]  |
| You know you are OCD when you Bookmark Reddit - EIDL Posted: 02 May 2020 09:44 PM PDT |
| What is the most creative way of giving/receiving bribe you have seen? Posted: 02 May 2020 09:35 PM PDT What is the most creative way of giving/receiving bribe you have seen? [link] [comments]  |
| [Question]International seller, US Customs and Duties? Posted: 03 May 2020 02:20 AM PDT Hi Everyone, Question on custom duties and fees. I am an Australian seller, opening my online business to USA. What sort of Custom duties and fees am I expecting for my USA customers? Items are around 30-60$. multiple purchases expected. I've read that anything imported to a customer <800 USD will not be subject to custom and import fees. Is this true? What's the process for purchases above 800?, what are my obligations as the business? I would like to have a FAQ section which explains this process. Any good articles which explains a step by step process? [link] [comments]  |
| SBA Letter Establishing Verification Process and Fraud Check Indicators Posted: 02 May 2020 10:49 AM PDT Just found this on Twitter. I can't verify if it's legit, but it appears so. Perhaps this is an insight to black hole apps? Reposted on imgur. SBA Letter Thoughts? Edit 1: So it appears this is from court dockets of the LIT Ventures, LLC vs SBA Case (Court Docket Case 2:20-cv-00706), original docket here The letter with the verification/fraud info appears to be the SBA's response to the Motion for Writ of Mandamus, but I've hit a paywall trying to find the full docket of their response. This is apparently one of many lawsuits currently in the works against the SBA, Jovita, et al. Edit 2: Found the SBA Reply to this case: here and the plaintiff's reply here. Edit 3: Plaintiff's legal counsel has everything in a dropbox here and here is the SBA exhibits containing the Letter -- it's legit. [link] [comments]  |
| Posted: 02 May 2020 04:00 PM PDT I think BlueVine is trying to cull their applications because I got a survey in my email asking if I was still interested. The questions were asking if I had received a loan from anyone else or applied anywhere else or if I had only applied to BV. I think they are trying to prioritize the applicants that have only applied to BV and then move on to others. I assume they are wasting a lot of time on applications that can't go anywhere. [link] [comments]  |
| Just applied for PPP at Bluevine at 12:15am... approved and signed within 20mins!!!! Posted: 02 May 2020 09:46 PM PDT I just went to Bluevine and applied for PPP.... filled everything out in 5 minutes... in 15 mins I have been approved, everything signed!!!!!!!!!! https://ibb.co/SJmQP3P GO THERE NOW IF YOU ARE WAITING ON OTHER LENDERS!!!! I'm in shock!! I have been waiting on Wells Fargo since April 8th and haven't received any correspondence, also applied at Credibly and SmartBiz and had no luck. Now I just need some EIDL movement! I'm a single-member-llc btw if anyone was wondering. [link] [comments]  |
| Starting an MSP (Managed Service Provider) advice on finding clients and how to initiate. Posted: 03 May 2020 01:21 AM PDT Myself and a friend are in the pre pre alpha stages of starting a MSP, more so at the conceptual level. We believe we've got the technical skills required to service SMBs tier clients and would like to give this a run. We'd be targeting local businesses, primarily those transitioning to a WFH setup, and eventually back to local/hybrid. We imagine ourselves coming in as an affordable, local alternative to bigger names with the ability to devote ourselves to a couple of clients. We're completely green to business and management so much of our work right now is researching where to start. My question for all of you is how do did you begin? What're some pitfalls to be aware of? How do you go about researching potential clients? How do you present yourself having never actually landed a client. Any advise is appreciated, thanks for reading! [link] [comments]  |
| Did anyone get this SBA EIDL email? Posted: 02 May 2020 08:18 PM PDT Please comment if you got this email recently… —— Dear Applicant, We understand the challenges your business is facing due to the massive disruption caused by the Coronavirus (COVID-19) pandemic. You are receiving this message as a notification that your Economic Injury Disaster Loan (EIDL) application is currently being processed in the order it was received. You will receive an email notification when there is a change to your application status. Without question, COVID-19 has caused an extraordinary impact on our nation's small businesses, and the demand for emergency working capital provided by the EIDL program is at historic levels. The SBA is processing applications from small businesses and private non-profit organizations across the country as quickly as possible. We thank you for your patience and understanding as we work to assist as many applicants as possible. Additional information on available resources to assist your business during the effects of COVID-19 may be found online at www.sba.gov/coronavirus. [link] [comments]  |
| Posted: 03 May 2020 12:56 AM PDT So PPP requires Eligible expenses are those that are incurred over eight weeks, starting from the day the first payment was made by your lender. So if i had prior utility bill and rent I cannot use it for past debt, I can only use it for the future eights weeks since the day I get the loan? [link] [comments]  |
| If you didn’t get the generic SBA email this evening. Posted: 02 May 2020 08:48 PM PDT One of my companies got the email and one didn't. Is this random. Should I be concerned? [link] [comments]  |
| Received $1K EIDL from SBA but no contact? Posted: 02 May 2020 05:43 PM PDT Applied 4/6 App number 36009xxx Have heard absolutely nothing. Finally $1k showed up in my account 3 days ago from SBA. But still no credit check, or email? Whats this about?? [link] [comments]  |
| Update: New Email From SBA (05/02/2020) Posted: 02 May 2020 07:25 PM PDT Received this about an hour ago. Did anyone else receive this? Body of Text: "Dear Applicant, We understand the challenges your business is facing due to the massive disruption caused by the Coronavirus (COVID-19) pandemic. You are receiving this message as a notification that your Economic Injury Disaster Loan (EIDL) application is currently being processed in the order it was received. You will receive an email notification when there is a change to your application status. Without question, COVID-19 has caused an extraordinary impact on our nation's small businesses, and the demand for emergency working capital provided by the EIDL program is at historic levels. The SBA is processing applications from small businesses and private non-profit organizations across the country as quickly as possible. We thank you for your patience and understanding as we work to assist as many applicants as possible. Additional information on available resources to assist your business during the effects of COVID-19 may be found online at www.sba.gov/coronavirus." [link] [comments]  |
| Ready Capital / Lendio cutting it close! Still no docs! Posted: 02 May 2020 04:52 PM PDT I just can not believe they can justify stringing us along! No docs, can't apply elsewhere! I checked the SBA site it still shows approved not funded. May 8th is the last day that they must have all loans funded. Telling me it's first come basis and my app-113xxxxx. I have seen people on here with 114xxxx. And 115xxxxx already funded. The stress is just too much. I do not know what to do! I can't make plans to get my staff back if I don't have money to pay them. I guess plan on re-opening on the 11th? What do guys think? If I plan on re-opening on the 11th that means I would have funding. Just too many ifs! Everyday I have this sickness come over me, and it's not the virus. It's the stress of not knowing! Approved on the 15th of April. No docs or emails except the generic we are working as fast as possible. The lady that called me back and said me calling does not help. I told her we have 7 days according to SBA. She tried to tell me no that they got an extension. I said yeah until the 8th! [link] [comments]  |
| Sole Prop paying self with PPP Posted: 02 May 2020 04:01 PM PDT Morning fellas, Sole Prop and was approved for PPP ($20kish). I want to use that solely for payrol (myself). The money was deposited into my personal savings account. What is the paper trail I need to have to forgive the entire loan? I was thinking I would transfer PPP money into my business account and then just "pay" myself the full amount. I would then transfer that money back into my savings. Fair? Or could I just leave it in my savings and just claim I paid myself? Advice would be appreciated. [link] [comments]  |
| Posted: 02 May 2020 03:53 PM PDT Thank you r/SmallBusiness for all these informative threads over the past month, it's been a crazy rollercoaster, but this sub has been so helpful. 4/3 - Applied for PPP via BOA 4/15 - Got an email saying I was missing paperwork 4/24 - Got an email saying my application was complete and that it would be sent to SBA on 4/28 5/1 - Got an email saying I was assigned an SBA # 5/1 - Got the promissory note email and signed it It that it for now? People here who got their PPP funded via BOA, were there any additional steps? [link] [comments]  |
| EIDL UPDATE: Subscriber update Posted: 02 May 2020 06:02 PM PDT For those that applied for the EIDL late in the first week of April, and know how to check your subscriber preferences on the SBA email, our second business EIDL app finally update to "Applicants 5/1/20". If you do not already know how to check the SBA subscriptions, click on any SBA generic email and scroll to the bottom, click subscriber preferences and then enter the email address you used on your EIDL application. It will list the categories you are subscribed to. [link] [comments]  |
| Got this from Paypal yesterday, so hopefully funded PPP next week Posted: 03 May 2020 03:37 AM PDT
Applied 4/22 for $40k [link] [comments]  |
| PPP approved asking for Additional documents. Posted: 02 May 2020 11:36 PM PDT After getting approved for your ppp were you asked for additional documents? They are requesting an invoice, book of records, or bank statement. I had a really low beginning of the year. It usually its very slow for my line of business up until march. I do have a few contracts that I signed from my clients, I usually don't send out and invoice I'm just paid whatever the contract indicates, sometimes the contract doesn't state my rate. All these contracts got canceled because of Covid-19. Wonder what should I do. [link] [comments]  |
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