![]() along with my company had slowed down to nothing due to covid. So i ha dot clem up with the fund to activate. it expired in Sept 2020 snd i had to pay $400 to activate, so in aden when i applied it was not active snd i got denied by the SBA. now my issue was i had let the company lapse as far as my business lic. showing everything along with my bank statements. because i did not have my forms to prove my salary.Īll i have is profit and loss statements that we made monthly for the company. now i have to do 2018-19 and now 2020taxes.ĭue to that most banks and companies would not help. and she had all my paperwork it took months to get it from the state. becasue she lived alone and her son was up north. $80,000 so i made over $80,000 as I am the company well she started to do my taxes. and the second year we will go in and see and start you are new and no big deal. however if you are inky making $10-20-30,000 a year. She said just work out fo my back account, I didn’t need to actually pay my self. an older lady that was legit- however a friend of my mother in law. I had not done my taxes- I started the first year ~ slow to see how it woudk go. and my bank account under that name and have for 3 years. I am a legit company- (not sayign any of you are not/ please don’t think that) I am just stating - that I am not a fly by night person - i have had my company for 3 years, have a bank account under my company name, I have an EIN number, I have my company set up as an LLC. that docusign is backed up and still waiting. attachment folder, etc.Īnd got the same- message. However I still as of 4/15 have not received anythign from docusign. please sign them and return all documents. and in my applications trail it changed form generating forms in docusign to forms are now generated and sent to your email. that was friday 4/9 and on Monday/Tues 4/12-13 got emails over those days and even a text message. got a letter stated it was GUARENTEED- that all was approved just waiting on docusign to send the paperwork. including the new message about.Ĥ/6 originally ~ got approved underwriting withing 1-2 days -then got approved SBA withing 2 more days- and by that Friday. The extent to which you are eligible for forgiveness depends on theįorgiveness rules and regulations issued by the SBA.I am 2 weeks in also, and getting all the exact same messages, as everyone else. Not have formal business expenses that you report on your Schedule C, you will be limited to having 60% of your Please note, the SBA has limited loan forgiveness for applicants who are self-employed. Requiring the disclosure of key individuals who own orĬontrol a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these Legal entities can be abused to disguise involvement in terrorist financing, money laundering, taxĮvasion, corruption, fraud, and other financial crimes. Obtain, verify, and record in about the beneficial owners of legal entity customers at the time a new account is To help the government fight financial crime, Federal regulation requires certain financial institutions to ![]() Up to 3.5x monthly payroll costs for a second draw. If your business falls under NAICS code 72 (Accommodation and Food Services), you may qualify for PPP borrowers are eligible for up to 2.5x monthly payroll costs for their initial PPP loan, as well as any Loan forgiveness are subject to your ability to meet government-set eligibility requirements. There are no fees for applying for PPP or forgiveness. ![]() BlueAcorn does not guarantee that applications will be processed and submittedīefore PPP funds are no longer available. BlueAcorn may need additional information from you laterĪnd does not guarantee that it will be able to submit your application to the SBA based solely on the Qualified applications will be submitted to the SBA. Funds are limited, and may not be available at this time. Loan agreements will identify the appropriate lender to Small Business Administration ("SBA”) lenders. PPP loans are made by one or more approved Interest rates for the Paycheck Protection Program ("PPP') are at 1%. We have your information from the initial application, so the process is streamlined and easy. Amazing Support - Videos, Email and Chat Most loans under $150,000 will be able to apply for forgiveness in just about 5 minutes.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |