Editor’s note: PPP loan application deadline expired on August 8, 2020. You get the approval from SBA but then the fun starts. Biz2Credit has already begun taking ‘pre-applications’ for the new round of the PPP. Hello fellow small business owners, I can confirm that Blue Acorn is a legit business. The company estimates upwards of … A table listing the top lenders is available at the bottom of the article. Biz2Credit. I applied for PPP through Biz2Credit.com, application # BIZ2380159 and was given the e-tran number 54-93178409 with instruction that within 72 hours, my business account would have a direct deposit of $4500. The Paycheck Protection Program and Small Business Relief in 2020 . then approve them then biz2credit say more information needed again. A sub for business owners to discuss and problem solve the use of PPP loans. I guess I could call but I heard it was hard to get through and I’ve seen a lot of people with this problem their website keeps crashing etc. Your loan application still needs to go through the SBA-required verification process before the final loan package can be prepared. Yes both me and my friend got that same email at the same time. I would like to know as well! Anyone else have this happen ?? Have any updates on your end? The second round of the CARES Act Payroll Protection Program (PPP) lending program for small businesses that are suffering because of coronavirus got off to a rocky start this week. Biz2Credit is offering support for businesses that need it. It is time to call someone on the federal level now. Archived. PPP Documentation checklist – prepare for your PPP application with . Everyone gets this. Log In Sign Up. Close. hide. I got approved and funded in less than 10 days. I can’t find a phone number to get thru/ do you have any numbers, Same exact situation signed my 2483 yesterday morning and it’s been stuck on more information needed still but heard next step are closing docs. Mar 20th I was told I was been approved by the smartbiz team and it is being reviewed by the SBA. Some 10 percent are paid and they put all biased reviews and rest all get pathetic and disgusting … Scam and Cheat Apply at your risk. Small Business Checkup – small business economic … Now today- 7 miserable days later- it is requesting the same document it asked for last week!! And finally on April fools day bitch my PPP loan finally fucking hit my account. I did copious research, and in the end these are the reasons I went with Blue Acorn. Sep. 16, 2020, 06:15 PM . 90% Upvoted. Biz2Credit’s report also shows how approval rates made by credit unions have also declined in recent months; A year ago, credit unions approved almost 40% of the applications they received; In February 2021, this figure was at 20.3% and slight fall from January 2021 when credit union approval rates stood at 20.5%. As of December 27th, 2020 the Paycheck Protection Program is back, and Biz2Credit can get your business started with an easy process to help you get funded quickly.. How Does the PPP Loan Program Work? Health Details: Biz2credit Approval Process Health.Health Details: Cares Act Paycheck Protection Program - PPP Loan - Biz2Credit.Health Details: PPP LOANS INFO.The United States Congress passed the 2020 CARES Act in March 2020 which made up to $659 billion in loans available to small businesses impacted by Coronavirus in the Paycheck Protection Program.In … Communication was excellent. Immediately after, the status was "in review," then it went back to "more information needed" and has been like that since. documents from either calendar year 2019 or calendar year 2020 for their PPP Loan amount calculation. Loan recipients may apply for PPP loan forgiveness upon using all funds or within six months of the end of their covered period. Scam and Cheat Apply at your risk. I’m waiting for my PPP loan doc’s. The dynamic platform, powered by fintech lender Biz2Credit, incorporates the PPP forgiveness calculator created by the AICPA in May and is available to any business approved for a PPP loan, regardless of the lender or bank they worked with to receive funding. Biz2Credit customer service is outstanding and they made the process so quick and easy. Ahhhh I'm so frustrated with this!!! Technically, they have 10 days to finish up. Biz2Credit has helped its customers secure PPP loans since the program started last month, and now can do so directly through its funding affiliate. Here is my timeline for anyone who is still needing help: 2/1 Approval Email w/ E-Trans received (asking for more documents). Yeah mine doesn’t say which document is needed but all are uploaded so I’m not sure what’s going on .... Do you hav to upload 940/941 forms or is schedule C good enough? Mark Sterling, VA. This company is a direct funder, but if its products don’t work for you, Biz2Credit can also match you up with a financing product from its network of partner lenders. I am having the same issue as well. Not that I like waiting or anything. This Reddit group has been invaluable to me through the first and second ppp loans, but I read every post, and had to sort through the information, good and bad, to make the best decisions for my company. Close. PPP loans are issued at the sole discretion of the lender and the SBA in accordance with their respective rules and other federal guidelines. COVID-19 Webcast Center – Access instructional content or register for Biz2Credit’s next webinar. signed 2483 on Tuesday. We'll see. As of December 27th, 2020 the Paycheck Protection Program is back, and Biz2Credit can get your business started with an easy process to help you get funded quickly. 13 talking about this. I HIGHLY recommend Biz2Credit.com for fast PPP --I first applied through Bluevine and was declined because they were not able to verify information (no other details in their declination e-mail). The company estimates upwards of … 2/24 applied for PPP loan. This company also offers a free financial assistantcalled BizAnalyzer and multiple … Sort by. Press question mark to learn the rest of the keyboard shortcuts. If your business has been harmed by the global Coronavirus pandemic, you can get financial assistance. If I had blindly listened to one person telling me everything is fine, I would be sitting there without funding and a canceled application. This is an important first step for your business. As of December 27th, 2020 the Paycheck Protection Program is back, and Biz2Credit can get your business started with an easy process to help you get funded quickly.. Topic: Two of the most common questions small business owners continue to have are (1) how much money can they dedicate to salary if they are self employed, (2) which of the PPP forgiveness forms should they use when … Qualified applications will be submitted to the SBA as soon as possible. save. I think everyone that is in the process of getting closing docs gets this. So far, since PPP opened to us a little more than 2 weeks ago, we've helped over 20,000 businesses get approved for PPP funds. APPLY NOW! I signed 2483 and sba ppp on 2/3/21. This is my first ever Reddit post, but you Redditors helped me so much in applying for my PPP loan, and I want to pay it forward. I think sometimes they just send the same automated message to all the applicants, regardless of where they are in the process. Approved PPP loans are governed by definitive documentation of the lender, which incorporate PPP terms and conditions. 13 talking about this. My PPP loan just funded over the weekend! The new round of PPP loans offer a “second draw” for harder-hit businesses that received PPP funding in 2020. Press question mark to learn the rest of the keyboard shortcuts. THANK YOU!!! I know Docu Sign will send an email. So by signing the SbA 24383 a good thing ?? 2/27 accepted by SBA. Not … Press J to jump to the feed. About an hour later all status in B2C dashboard says Approved, waiting for paperwork (no further information needed), I never got loan specialist info or a email saying o was approved I saw it in the website yesterday and the e trans number, I already uploaded my bank info and voided check , I been using my phone not a computer today I decided to log on and I did see my loan specialist and also it wanted my bank info again , so I entered it , hopefully things get moving. I am having this same issue as well and I signed my sba 2483 yesterday also. Log in or sign up to leave a comment Log In Sign Up. Here is my timeline for PPP draw 1: Apr-Mar so many PPP loans so much BS. They never pay you. Biz2Credit is not a lender. Smallbiztrends.com DA: … Yesterday morning my application said approved and I have a E trans number, today it says more information needed and I still have a E trans number . Biz2Credit Supports Biden-Harris Administration’s PPP Changes to Promote More Equitable Access to Capital Biz2Credit, a leading FinTech company and parent of an SBA-approved processor of Paycheck Protection Program (PPP) loans, is applauding the reforms to the PPP that the Biden-Harris administration announced on Monday, Feb. 22, 2021, it would soon implement. Biz2Credit - Paycheck Protection Program Direct Apply | PPP Loans. I’m waiting for my PPP loan doc’s. Posted by 2 months ago. save. You're approved they will ask for your ach info in a few days then you will move to funding. Based on multiple posts, seems like many of these lenders try to get the loans allocated before completing underwriting. Anyone else have this happen ?? The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Then biz2credit have to re-verify the same documents. Of all of the platforms we applied to for the 2nd round … Qaiting on these damn closing docs. For more news and reporting on the coronavirus and how CPAs can handle challenges related to the outbreak, visit the JofA’s coronavirus resources page or subscribe to our email alerts for breaking PPP news. It stayed at “information needed” all weekend and Monday until like 5pm where it changed to “approved,” again. Although I'm Blessed to have worked with Newtek Small Business Finance as well, cause well they assisted me with my first loan. Monday I signed the SBA 2483 documents , weird that it says more information needed . Fund what's next for your business and apply online. 20. biz2 credit. 4. Log in or sign up to leave a comment Log In Sign Up. Does anyone know what that means? Biz2Credit examined its data from PPP loan applicants and discovered that 49% of the applicants for PPP Round 2 were women business owners (compared to all SBA lenders at 31%). By the 26th the SBA approved my loan and customersbank sent me my documents to sign. :) thank you, It seems everyone who had the "approved" screen has been switched to this, I mean it tells you write there in the pic what’s going on. share. Apply for PPP online – Get started by completing Biz2Credit’s online application for PPP loans. I was extremely happy with my choice to use Biz2Credit as the source for my PPP loan. I gathered the info, and then it was apparently no longer needed, bc the request went away, and I was back to 100% complete. Usually if it says "Information needed" after signing the 2483 it means that they're getting ready to send you the closing docs. Accounting firms can prepare and process applications for the PPP on the CPA Business Funding Portal, created by the AICPA, CPA.com, and fintech partner Biz2Credit. It is insane. I signed my 2483 last night at like midnight. Monday I signed the SBA 2483 documents , weird that it says more information needed . I did copious research, and in the end these are the reasons I went with Blue Acorn. A sub for business owners to discuss and problem solve the use of PPP loans. Biz2credit PPP. COVID-19 Webcast Center – Access instructional content or register for Biz2Credit’s next webinar. Had the same document it asked for last week!!!!!... You, call them on multiple posts, seems like many of these emails 're... Message..... received final documents today sending asking for more documents ) they sending... Voided check ( emailed it back immediately ) they responded thanking me can be prepared say more needed! Are the reasons I went with them you get the approval from SBA but then the fun starts 20th was... ” for harder-hit businesses that received PPP FUNDING and ROUND 2 FUNDING posts. Able to help our business taking ‘ pre-applications ’ for the PPP if Biz2Credit uses Docu sign their... And finally on April fools day bitch my PPP loan amount calculation in application. 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