EIDL Increase | INCORRECT Error

ALERT!! WILD SPECULATION HERE with a mere mechanical malfunction!?? When it comes to your EIDL Increase | INCORRECT Error may not be something is "WRONG" with your information. The SBA agent simply may not be able to OPEN the PDF you submitted.

0:00 Crazy but we've seen it happen
0:10 How are you converting to PDF
0:20 Do you use your phone to convert PDFs

We're seeing that reps can't open documents. We've had to convert and reconvert and send multiple times. We found that when we used ADOBE to convert to PDF it worked fine. ALSO, You may want to also consider REDUCING THE SIZE of the PDF document.

We also speculate that some functions that can be done on a smartphone may not end up being compatible by the time it gets into the government's system.

Just be mindful how you are producing your documents for submission.

ALSO, we've seen where a document is marked as INCORRECT in the portal but when we checked with the SBA agent, they had the document and it was fine.

How & WHY to Submit A PRISTINE document package to the SBA:
https://auroraconsulting.biz/2020/12/02/submitting-documents-to-sba/ ‎

Plan and prepare for an EIDL approval:
https://auroraconsulting.biz/2021/05/01/planning-and-projections/

10 TIPS when applying for Disaster Financing:
https://auroraconsulting.biz/2021/01/09/apply-for-disaster-financing/

Aurora Disaster Financing Consulting Services
http://auroraconsulting.biz/disaster-financing-consulting-services

VISIT OUR YOUTUBE COMMUNITY PAGE:
https://www.youtube.com/c/LindaReyandTrevor/community

IF OUR INFO has been useful, helpful & productive, please consider leaving us a GOOGLE REVIEWS so other business owners find this channel for SBA EIDL information: https://g.page/AuroraConsulting/review
https://business.google.com/reviews/l/02154723169345025639

💥 Take our eligibility survey if you want to work with us:
https://www.auroraconsulting.biz/eidl-consulting-services/

We are Business Financing Brokers and Disaster Financing Specialists. We help you get cashflow into your business so you can run your business. Financing Solutions to Build Your Business. We are not a lender nor do we represent the SBA. Our recommendations and suggestions are based on our 30+ years of experience with a Government loan program.

We started Aurora Consulting inspired by a conversation over dinner with our new neighbors. He went to the bank, they spent considerable time (and his money) processing the loan application. He needed $500,000. After months of processing the bank approved $50,000. He said, “I think you left off a zero.”

We review all financial statements, business plans, marketing plans and any other pertinent items in the early days of working with a new client. We do this to anticipate and resolve problems a Bank or Lender may have in the future.

When you apply directly to a Bank/Lender for commercial financing, these items, credit reports, financial statements and the like, are not reviewed until the late stage of the loan application process.

By then the applicant has spent time collecting and submitting documents and spent money on application fees, appraisal fees and other associated costs.

Literally most Banks/Lenders do not run a credit report until the very final stage of the application process, weeks or months after the initial application.

At that point, if a credit issue arises on the credit report, all those weeks and months of work are quite literally flushed down the toilet and the loan is declined.

Our role as your financing Broker is to review all relevant documents, including a credit report, in the early stages of your request, before the application, before we've even started conversing with a Bank/Lender.

📌 Our Financing Services & Products:
https://auroraconsulting.biz

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Видео EIDL Increase | INCORRECT Error канала EIDL Loan Experts | Linda Rey & Trevor