Were You Denied the PPP? Here's What You Can Do

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▶ Resources I Use/Would Use:

#EIDL #Stimulus #PPP

[lenajackson]

I was approved signed all documents then it said denied one day but why

[emantsal]

Thank you for the insight and update. Its appreciated.☺️

[broomhairdontcare]

I applied for the PPP loan directly on the SBA website and that's who my denial letter came from as well. I was denied due to poor credit/no credit. Later I received an email to apply for the targeted Eidl advance it still haven't heard from that but don't hold out hope for that either. I've read in a few places that credit score was not supposed to be a requirement nor considered for PPP loans through the actual SBA however, they also say that the private lender it would have went to have their own loan requirements therefore the actual SBA telling us credit would t be an issue should e never been said being since the actual loan would be from an entirely different entity. Hello known that I wouldn't have even tried. I'm just trying to save myself here but it's looking like I just ha e to face it and let it go. So depressing.

[GalaxiePictures]

I was approved in May issued a loan # and signed the loan agreement. Today I get notified I was declined, one reason being the could not verify my identity.??? They verified my identity during the application!!!
What is my recourse if any?

[luckymataelejr]

Hello I approved for the first loan and received loan then got denied for the 2nd loan requesting proof of income? Why would they approve and send funds for the first and not the 2nd? I applied for both at the sale time. Any thoughts or help you can guide me ? Thanks

[MrNoforeplay]

I qualified with a negative number. There underwriters corrected my form and I've received the first and second round.

[advancedaquarium]

Question? I am sole proprietor and I had. Negative profit 2019, but I have a positive net profit 2020...I also have 2 quarters lower where 2019 was higher than 2020. I can qualify correct by using my 2020 schedule c?

[Dvrkennui]

Questions is PPP Loan the same as the EIDL loan or are they different and can you apply for both. Thanks so much and be blessed 🙌

[manman]

Thank God I got denied that PPP. It’s a trap

[sherrywong]

Can someone tell me how do you submit the government I’d with four corners they are requesting in the application??

[iiiiy]

When your denied they tell you you can’t appeal what do you do then

[gwendolyntucker]

I' m still waiting on an answer is that a good or bad thing. I receive emails stating it's processing.

[percyflores]

Can I apply to different companies because I only apply for one and they taking over a week to reply and that's the one I got the first time?

[tiffanysblueworld]

Hello Aubrey thanks for the video. I'm having trouble with the second draft, the account that i was using back in February 2020 is my paypal account and womply won't accept that account for verification, i already uploaded the statement they requested. I'm afraid it will be canceled because of this. Please help.

[williegonzalez]

Anybody knows if you get rejected automatically in 48 hours?

[randylove]

Haven't heard a thing from them, I asked for a grand following the guidelines lines if I get it I dont know when to spend it like 400 a week untill it's gone?

[SanjayPatel-jzvb]

I have a question for PPP2,

I have 4 companies that returned PPP 1 money and used ERTC ( employee retention tax credit ) in May when PPP was first intruduced, I was approved for the PPP loan, I received PPP 1 loan, then i decided to use the ERTC and as per SBA rules i returned it before the safe harbor deadline
now comes PPP 2 in 2021, I applied for all those companies and I just received PPP 1 approval ( 2.5 times the loan not 3.5 times ) hopefully i will receive the money on wednesday or thursday, now the question is PPP2 ends March 31st, If i receive money on feb 10th, March 31st will be full 7 weeks ( i think i will use all the money in rent, utility and payroll for PPP 1 by then ) can i apply for PPP 2 on or few days before March 31st or not ?
I will appreciate if you can find more info on this situation, I have received mix answers


Thank you

Regards,
Sonny Patel


Regards,
Sonny Patel

[flintfire]

Can you be denied for a low credit score?

[macgyver]

I was denied for my second round from Kabbage. This second time I used my 2020 income schedule C and they said I didn't make enough money! Can I reapply with my 2019 tax info?

[jaelee]

Approved from Bluevine for PPP first draw through cross river bank but got denied for PPP second draw due to duplicate ID issue even though I only applied with Bluevine. Emailed and called Bluevine but no response yet.. its just ridiculous...smh