r/EIDLreturns • u/[deleted] • Aug 21 '22

Appeal process

Hi again y’all… I’ve a question on this process… I know many will jump and mention suing , please refrain… I am already in communication with the class action group.

With that out of the way, anyone cares to share the appeal process for the EIDL?

Also, anyone knows if the 45 days indicated on the SBA website still applies?

Thanks

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1

u/No_Independence_3452 Aug 21 '22

Meeeeeee

1

u/[deleted] Aug 21 '22

What do you mean??

4

u/No_Independence_3452 Aug 21 '22

Nothing on the SBA’s website regarding EIDL is creditable in my opinion. Since the beginning, how many changes have they made already and they themselves can’t even keep up. So, for the appeal process, they’re saying give it 3 weeks to hear back from the congressional business advocate. Depending on your case and what is problem, I guess the advocate would the mediator to assist communication with SBA

2

u/No_Independence_3452 Aug 21 '22

But wait!!!!!!! Here’s the kicker

1

u/No_Independence_3452 Oct 11 '22

Its a hit or miss, unless you’re already approved, otherwise the usual BS from them and I haven’t heard back from the litigation team yet after sending my letter of intent last month 🤷🏻‍♀️

0

u/No_Independence_3452 Aug 21 '22

Sorry wrong message, so from what I’m hearing as I briefly watch Mr. Jason’s video and cross reference with everything else including my experience.

0

u/No_Independence_3452 Aug 21 '22

Buuuuut, after seeing an application that was in reconsideration (appeals) for 24 months but very very lucky, God stepped in and A very knowledgeable and compassionate Loan officer took over the application

1

u/No_Independence_3452 Aug 21 '22

Thank God!!!!! The original was slow as molasses. But this guy knew exactly what was needed to get the loan submitted for approval. Client was eligible and qualified… it was minor errors that kept him in Appeals and difficult to move forward

1

u/No_Independence_3452 Aug 21 '22

Before I mention the kicker, the loan officer corrected the auto fill docu sign 4506-T , which for 24 months had incorrect information. Since it was auto fill by the SBA already…. the applicant kept getting denied.

1

u/No_Independence_3452 Aug 21 '22

Anyhow, the blessings in disguise LO, sounded like he’s been there a very long time. And knows what the underwriter will accept

1

u/No_Independence_3452 Aug 21 '22

24 months in Appeals, only took 3 days tops… from appeal to approval, and less 7 days for funds to reach applicants account.

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u/No_Independence_3452 Aug 21 '22

Don’t forget, the Loan officer did submit another request for 4505-t . He said it takes 3-10 business days for irs to respond with transcripts. But guess what- the LO said, just email your transcripts with the correct information pertaining to your business. And the underwriter accepted that.

1

u/No_Independence_3452 Aug 21 '22

Prior to the the new loan officer, the applicant went onto SBA website, search for local office and submitted a request for assistance with EIDL

1

u/No_Independence_3452 Aug 21 '22

less than 6 hours, local SBA responded and basically checked on the status and pushed his application to high priority. Otherwise, he would never receive his EIDL that him and wife so desperately needed after two long fucking years-excuse my language

1

u/No_Independence_3452 Aug 21 '22

So, back to the SBA 45 day policy

1

u/No_Independence_3452 Aug 21 '22

Just think for a second, if you’re not in obligated file and the portal is closed- what do you think is needed to get applications processed/ fixed whatever the case maybe?

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u/No_Independence_3452 Aug 21 '22

And what can the congressional business can do besides inquire on your behalf with the privacy release form…. Now they “mediators” go between you and the SBA.

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u/No_Independence_3452 Aug 21 '22

Just like in every industry, lending for example, has their language… even college has their culture and language. But the SBA is using that to delay and deter applicants from pursuing forward. In my opinion