Man this PPP is so frustrating, it’s like people that unemployment don’t have to deal with this bs, they just get a check no questions asked, but it feels like a gamble with PPP. I’m not blaming you Max, these vids are very informative.
Hey man, there are a lot of people that would like to see a video about the EIDL reconsideration. Looking at the reddit sub, there is some kind of issue with the IRS getting returns back correctly and is causing a lot of headaches and delays for people.
As a Realtor in the area, I have had to refer several of my clients to business's that specialize in credit repair. As you know all companys are not created equal." "I want to personally thank cRedItloRd•oRg for doing what they said they would do, returning phone calls promptly and for having a professional staff that can get the job done." "Each of the clients that I've sent to their company has had positive results and I will continue to recommend to those in need of a "Band Aid" for their credit report
I have yet to apply for forgiveness. Approved for the increase per phone call almost two weeks ago, not updated in portal or funded. I sent reevaluation with proof of low income community for targered eidl and the officer emailed today that my reevaluation was denied due to me not being in a low income community although i sent in documents that show that i am in low income community. CRAZY!!!!!!
Elon musk have some partnership with crypto don't be carried away with the market crash....the market is down he buy and tweet lol....only the wise will buy the dips
hey my 2nd ppp loan and im am a buiness owner really my whole life anyways now i have got my 1st ppp loan .. fianal last night i updated my bank acct they didnt ask i just did and right after that they change my dash board it was saying sent to sba ..to sending me to dousign i sined all that and now it says app been validated by womply said sba approved ppp lender . says lended is reviewing and will make a decision about app can move foward ?? what they talking about sba approved well it was approved when they sent to sba in the first place so they know its everything is good or they wouldnt have sent it to sba the first time PLEASE HELP ME OUT ..THANK MAX AND JUST KNOW BEEN WATCHING U SINCE ALL THIS STARTED..AND MAN THANKS FOR YOU GOD BLESS YOU MY GIRL SEND HE LOOKS LIKE A CEEK...LOL I SAID YEA BUT HES A BEAST AT BREAKING EVERYTHING DOWN ..LIKE NO ONE ELSE I WATCH AGIN THANKS FOR YOU DAVE
So, my status just changed to "SBA processing" today... which was unexpected. I'm still on my first draw, so... who knows if I'll get to apply for the second if it sits like this very long.
I would like to see you devote an entire video to a scenario that many people are going to come across due to lenders depositing 2nd draw funding before the cover period for the 1st draw has expired. In this scenario, you will probably not get the 2nd draw forgiven! Womply did this to a lot of people. They made us believe that we could get both draws within a very short time frame (sometimes just a week or two) when in fact the rules for forgiveness clearly state that the cover periods for the two draws cannot overlap. In other words you must wait 8-24 weeks (whatever your cover period is) before getting the 2nd draw funds deposited into your account, or else the 2nd draw will not be forgiven.
@@MaxMaher Then what do you put in the forgiveness form for the cover period on the 2nd draw? The form asks for the disbursement date and the cover period. If you fill it out honestly, and the disbursement date for draw 2 falls within the cover period for the 1st draw, then according to the rules that disqualifies you from forgiveness for draw 2. Are you saying lenders are ignoring this and giving you forgiveness for draw 2 despite the overlap?
Again Max not covering the grey area with specific facts and detail. Bring on an attorney for the entire video and lets put the issue to bed once and for all. The lenders don't respond..
@@MaxMaher That video covers how to get both 1st and 2nd draws back to back. No problem there. What you haven't covered is how to fill out the 3508S form so that both of those back to back draws can be forgiven.
Good morning. I do landscaping as a side hustle. I don’t have any employees. I’ve already paid myself the whole 60% for payroll. I’m very confused as to what to do with the rest of the funds in order to be forgiven. I don’t have rent, utilities, mortgage or anything like that. I’ve designated a separate bank account holding the remaining 40% of funds. I’m in need of new equipment and was wondering could I purchase a lawnmower or legitimize my company with an LLC. Am I able to make purchases like that? Please advise me what I need to do. Thank you and have a great day.
To quickly recap my PPP and EIDL experience: I was aware of these funds early on in the pandemic. I started with an EIDL and received $1k advance not the $10k that was being described. I then applied for the PPP at my bank which I received and have been forgiven. I have been watching your channel and advise starting in early 2021, thank you. My second PPP application has been completed, but I was told that my figure calculated with the banks application form was 3 times to high. I had to talk with the president to get figure I calculated and not what the banker said it should be, fishy. SBA has emailed me recently about the EIDL advance, but they only say that I look like I can receive it they sent me an emailed me in early February with a portal, but I don't know. They did not include the portal in the recent email, huh? I can only conclude that this covid cash, while beneficial for some it cones down to what you can get your hands on, and that is likely happening at the top in big ole quantities. Just Sayin'!
Do you have a video of how to calculate the partial forgiveness amount if I don’t have payroll costs of at least 60% of the ppp loan amount? I had a S Corp. Thanks
@@gameplaywithmikailandmore70 That video covers how you can receive two PPP loans in quick succession. That part is legit. There's no reason why you can't get your 2nd draw almost immediately after your 1st draw. The problem comes with forgiveness. The rules clearly state that the cover periods cannot overlap, and if they do you won't qualify for the 2nd draw to be forgiven. We need to know exactly how to fill out the 3508S forgiveness forms so that both draws will be forgiven if the cover periods overlap.
Another thing I think I put the wrong amount on the schedule c I thought they asked for 2020 and didn’t see it asked for 2019 do I have anything to worry about because of that?
Max what about the lenders that won’t let you file fir forgiveness? I git my first draw in July 2020 and they say there waiting on documents from sba because they changed the forms . So I can’t apply fir forgiveness because they won’t let me .
Been subscribed for a while now! Because of you I FINALLY received my first funds last night. At what point do I start the process of getting my 2nd distribution?
Hello Max, can you help me? My bank is sending me a ppp loan forgiveness application but my first ppp loan was base on my gross income now they are only considere only my net income for forgiveness base on 8 week cover period, this is first drow ppp i reciveb on may 2020 how to see if i can get it all forgivend? Thanks
Hey Max! Hope you can help! I applied for forgiveness earlier this year. I'm a self employed, I got my 8000 loan in May, I applied through Kabbage at the time. Its now June 14 and they say I have to apply through Biz2credit bc sba has a new application. They also need my entire tax return pages for 2019 and bank statements for may 27 to nov 11 2020. I'm kinda scared I won't get forgiven. What can I do? Thanks
Hey so Im stuck on sba approved status it shows I have a lender but everytime I get an email saying your prom note is ready to sing I go into my portal click next but it says I’ve already signed it or lender is still processing? Just a little confused because I get emails stating it is ready to sign when I can’t
You need someone inside the system to help with this or you'll never get your funds, I'll advice you to send a message to usafundingassistance via Instagram , I got approved and funded in under a week with their guidance
Max, thanks for all your clear videos. I followed your videos & guidances and got my PPP with Womply. I got my (1st draw deposited)(04/20) & (2nd draw deposited)(05/05). (8 Weeks Cover Period)(1st draw)(04/24) to (06/12). My (8weeks Cover Period)(2nd draw)(05/08) to (06/26). Can I do 8weeks cover period overlapping (1st draw) & (2nd draw)? Or should I complete my (1st draw) cover period and then start my (2nd draw) for 8weeks? I’m not sure what to do with (1draw) & (2draw) cover period to make sure I can apply for full forgiveness. (BTW: I’m sole-proprietor & pay out as Owner Comp Lump Sum)(Please help & advice) Thanks Max!
One question on PPP that I continue to ask you, but you have not answered yet. If you go through Womply and get back to back loans, can your covered period overlap when you apply for forgiveness?
I saw in another video you cannot over lap. First loan is in titled to forgiveness for time period until you receive 2nd loan. Also think you need to have 1st loan at least 8 weeks to write off the 8 weeks of payroll you applied for. Please check for accuracy
Max I just spoke to IRS about my 4t06t. After 6mos still nothing . The agent with IRS said their processing current processing times are INDEFINITE😰 I am on my 3rd time being at the brink of approval but being stopped by no transcripts available!!! Can you help with what toi do??
I can't even apply for forgiveness because Womply / Fountainhead said I was DENIED for PPP but I was not. I got the loan! Womply / Fountainhead have NO customer service. I get the same stock email and a phone recording when I call. YOU recommended Womply. How do I get in touch with them????
Hey Max, I used Womply and completely lost my promissory note. I thought Womply kept a copy of the promissory note but instead I just see the lender listed on the application details - any idea on how to get a copy of my promissory note (a docusign account was never created)?
I think u should be able to go back to the email they sent u with the promissory note and download it...u will need to log into docu-sign ...I did this 2 weeks ago...hope this helps.
What is it meant when the SBA requests business contents, business property and/or business personal property? Also depending on the in industry an individual is in, such as myself, in the Transportation business that requires a million dollar policy to cover my equipment (tractor/trailer) got kicked back. So what business content exactly is the SBA looking for?
Hi Richard, they want Business Hazard Insurance, which covers assets such as computers, furniture, buildings, etc (even if you don't have these - it is a 30 year loan so they want to make sure anything you acquire in the future will be covered. Your trucks/trailers should already covered. Ask your agent to add Business Hazard- it is not expensive at all. If they don't offer it, then google "Business Hazard Insurance" and get some quotes....
Yeah, this is all well and good, but what if the giant bank that handled the loan screwed up the initial paperwork and is now lying to cover their ass?
I was approved by the SBA, talk to loan officer, sent counter check and drivers license! I get an email today do you login and sign the loan agreement! I login, and my portal is locked? So I called a tear 2 rep at the SBA yeah she said I had to start a whole Nother application! There’s something seriously wrong here. I was funded 90 Grand last year and almost have it paid off! And they want me to start over after they pulled my credit five times! Which hurt your credit score!! Needless to say I was angry! And I was told that I sound like an angry old white man!!! So if you’re expected help from the government stop wasting your time
How long should it take SBA to do reconsideration on loan applications done after April 6, 2021 that was denied due to "multiple loans" - not true. Only applied once. Sent email to Womply to correct any information they may have supplied regarding PPP loan because public state list showed 4 loans instead of two loans and that doubled the amount showing on the public information list for my state. Since EIDL and PPP are both administered by SBA, I'm wondering if this is what caused my EIDL to go from "Amount Confirmed" to "Declined". All requested paperwork was completed. Only applied once for each loan. Note: After sending email to Womply the public list was update to now only show 2 loans for the correct amounts. (Still showing incorrect lender/disbursement information). Have not heard back about EIDL. I'm looking for a time frame. ???
You need someone inside the system to help with this or you'll never get your funds, I'll advice you to send a message to usafundingassistance via Instagram , I got approved and funded in under a week with their guidance
Heads up Max Womply is sending DocuSign documents to emails that aren't legitimate. Capital Plus Financial, LLC has been suspended from the BBB because PPP Laon applicants haven't been receiving their approved loan funding in their banking accounts. Can you do a review on this to tell us what Womply is doing about this company taking people's personal identifying personal information and giving it to fraudulent PPP representaives? Thanking you in advance for anything you can find out about this infomation!
Maybe you know this or not? How do you contact Womply with a tech support question? I’m constantly getting emailed and text to sign second draw. Yet no doc needs signing.
Max, another great video. HELP!!!I have a question I can't find an answer to. I RECEIVED MY PPP-1 LOAN Feb. 28, 2021 with NET INCOME NOT GROSS. WILL THERE BE MORE COMING, OR DO I WAIT TO APPLY? I RECEIVED MY PPP-2 AND IT IS DOUBLE WHAT I RECEIVED FOR THE NET INCOME. If I apply forgiveness now can I still apply again to get the remainder forgiven if I receive more?
Yo I really appreciate your videos. But as a person who is a struggling business owner who was actually DENIED PPP FUNDING, eventho I applied for the PPP LOAN on MARCH 20th, 2021. This video SUCKS, because you guys are discussing how to be forgiven for a "LOAN" that you can get FORGIVEN for PAYING YOURSELF! 😂 FORGIVE me if I come off as somewhat of a HATER. YOU guys will be just fine, just PAY YOURSELF as your own employee. This is the only FUNDING that I've ever heard of where the EMPLOYER gets PAID to PAY THEIR SELVES as THEIR own EMPLOYEE. Makes me only wish more that I had gotten FUNDED. 👍🏾💯🙌🏾👏🏾
I applied for the EIDL, LAST YEAR, WAS ONE OF THE FIRST ONES TO APPLY I was denied for lack of funds, so they say, so this year I apply for the PPP, first draft PPP went in and then the second one they said they're out of money so now I'm not getting nothing, and for the love God , I can't find no one to tell me something anything about my ppp status everybody just tell me it's over it's done how can it be just like that ,?? my application was done already was already done. But yet I don't get nothing.. anyways that's not right , this whole damn thing in right. So all the fake people enjoy the money because people like me the real ones don't get s***.. have a blessed day
The SBA is really trying the possible best to help the max. We have been permitted to go to all social media network to help those who are lagging behind. If you need help kindly drop your email address or any means I can use to contact you. Thank you
I just found out my app For PPP has been stuck in PPPurgatory since 3/17. I'm highly confused though the total amount is the same amount as the processing fees. WTLF?! 🍑🍆
@@MaxMaher I'm a legit business I got the first draw but they trying to give me the second draw and they are trying to give me 20k for the second draw like the first draw but I only sent womply my 2019 tax returns and not my 2020, I made more in 2020 than i did in 2019 so I told them I didn't want the second draw because I know they wouldnt forgive me for the second draw what do you think?
Why did you apply for the PPP? You would have had to LIE on your application that said "these funds are required for the continuation of your business." It looks like your RUclips business did not suffer!
@@cathyrivas5573 That really doesn't matter. The PPP was for people who NEEDED the money and it really appears this guy didn't NEED it, so the rest of us are stuck because of greed!
1. My moving business with 20 employees saw a near 50% reduction in sales and I was using debt/savings to pay expenses and payroll before the PPP came out 2. My RUclips channel was very small even a year ago
I don't "Get it". As long as people follow the REALLY SIMPLE RULES?? It's Forgiveness 101 100% My mistake?? Was applying only for PayRoll, nothing else. (Did NOT Claim or figure in Rent, Utilities, & et cetera). I also OVER-Paid the Employee by $150.00 over what the PPP Loan was for the allotted time-period.. I followed the rather simple rules, showed the Bank-Statement for the Payroll disbursement.... & Voila??. 100% Forgiven (Even the accrued Interest). It's not really hard people.
I subscribed about a year ago. I love the way you help people so much. Thank you.
Man this PPP is so frustrating, it’s like people that unemployment don’t have to deal with this bs, they just get a check no questions asked, but it feels like a gamble with PPP. I’m not blaming you Max, these vids are very informative.
Yeah I’m sure. Lemme guess I have to give him my personal information? Get out of here you fraudster
Thanks! Good information that hasn't been talked about much.
HAPPY SUNDAY MAX and everybody!!
Saved your video to rewatch later (after having watched it twice just now) in case if I get the PPP.
THANKS for your work!
Hey man, there are a lot of people that would like to see a video about the EIDL reconsideration. Looking at the reddit sub, there is some kind of issue with the IRS getting returns back correctly and is causing a lot of headaches and delays for people.
I Like Your Charts, also got both my PPP's watching you, Thx Max
As always, useful, thorough info delivered understandably. Bravo!
As a Realtor in the area, I have had to refer several of my clients to business's that specialize in credit repair. As you know all companys are not created equal."
"I want to personally thank cRedItloRd•oRg for doing what they said they would do, returning phone calls promptly and for having a professional staff that can get the job done."
"Each of the clients that I've sent to their company has had positive results and I will continue to recommend to those in need of a "Band Aid" for their credit report
I thought about this before I applied for forgiveness but SBA gave me full forgiveness two days after I applied
@@juliacarrie123 nah I already got the ppp and had it fully forgiven
Was ur loan from last year? Or this year?
@@gameplaywithmikailandmore70 it was last year first round of ppp
@@philanderson1200 thanks bro. I got ppp back to back so I’m just worried about the covered period overlapping.
What documents did you have TO PROVIDE for forgiveness?
This sounds tedious! Your research is on point. Thank you!
I have yet to apply for forgiveness. Approved for the increase per phone call almost two weeks ago, not updated in portal or funded. I sent reevaluation with proof of low income community for targered eidl and the officer emailed today that my reevaluation was denied due to me not being in a low income community although i sent in documents that show that i am in low income community. CRAZY!!!!!!
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Please address the 11 weeks required for owners compensation..
My friend who works at Wellsfargo told me last year folks were gone be mad when they find out these loans wont be forgiven.
You haven’t mention anything about the 2.5 waiting period between loans. Could that deny forgiveness?
hey my 2nd ppp loan and im am a buiness owner really my whole life anyways now i have got my 1st ppp loan .. fianal last night i updated my bank acct they didnt ask i just did and right after that they change my dash board it was saying sent to sba ..to sending me to dousign i sined all that and now it says app been validated by womply said sba approved ppp lender . says lended is reviewing and will make a decision about app can move foward ?? what they talking about sba approved well it was approved when they sent to sba in the first place so they know its everything is good or they wouldnt have sent it to sba the first time PLEASE HELP ME OUT ..THANK MAX AND JUST KNOW BEEN WATCHING U SINCE ALL THIS STARTED..AND MAN THANKS FOR YOU GOD BLESS YOU MY GIRL SEND HE LOOKS LIKE A CEEK...LOL I SAID YEA BUT HES A BEAST AT BREAKING EVERYTHING DOWN ..LIKE NO ONE ELSE I WATCH AGIN THANKS FOR YOU DAVE
So, my status just changed to "SBA processing" today... which was unexpected. I'm still on my first draw, so... who knows if I'll get to apply for the second if it sits like this very long.
@@juliacarrie123 did you have to pay him something money to get your loan approved?
@@sheilabryan58
Stop. That's a scam. These scammers are getting more creative in the comment section.
@@user-pc7ef5sb6x thank you, I kinda figured when they started asking for money to help push my loan a head to the front!
Another great Video Max
I would like to see you devote an entire video to a scenario that many people are going to come across due to lenders depositing 2nd draw funding before the cover period for the 1st draw has expired. In this scenario, you will probably not get the 2nd draw forgiven!
Womply did this to a lot of people. They made us believe that we could get both draws within a very short time frame (sometimes just a week or two) when in fact the rules for forgiveness clearly state that the cover periods for the two draws cannot overlap. In other words you must wait 8-24 weeks (whatever your cover period is) before getting the 2nd draw funds deposited into your account, or else the 2nd draw will not be forgiven.
I’ve done a video on it. Lenders generally say this is not an issue
@@MaxMaher Then what do you put in the forgiveness form for the cover period on the 2nd draw? The form asks for the disbursement date and the cover period. If you fill it out honestly, and the disbursement date for draw 2 falls within the cover period for the 1st draw, then according to the rules that disqualifies you from forgiveness for draw 2. Are you saying lenders are ignoring this and giving you forgiveness for draw 2 despite the overlap?
Again Max not covering the grey area with specific facts and detail. Bring on an attorney for the entire video and lets put the issue to bed once and for all. The lenders don't respond..
@@MaxMaher That video covers how to get both 1st and 2nd draws back to back. No problem there. What you haven't covered is how to fill out the 3508S form so that both of those back to back draws can be forgiven.
@@MaxMaher can you pls provide the link you’re referencing Thx
Good morning. I do landscaping as a side hustle. I don’t have any employees. I’ve already paid myself the whole 60% for payroll. I’m very confused as to what to do with the rest of the funds in order to be forgiven. I don’t have rent, utilities, mortgage or anything like that. I’ve designated a separate bank account holding the remaining 40% of funds. I’m in need of new equipment and was wondering could I purchase a lawnmower or legitimize my company with an LLC. Am I able to make purchases like that? Please advise me what I need to do. Thank you and have a great day.
To quickly recap my PPP and EIDL experience: I was aware of these funds early on in the pandemic. I started with an EIDL and received $1k advance not the $10k that was being described. I then applied for the PPP at my bank which I received and have been forgiven. I have been watching your channel and advise starting in early 2021, thank you. My second PPP application has been completed, but I was told that my figure calculated with the banks application form was 3 times to high. I had to talk with the president to get figure I calculated and not what the banker said it should be, fishy.
SBA has emailed me recently about the EIDL advance, but they only say that I look like I can receive it they sent me an emailed me in early February with a portal, but I don't know. They did not include the portal in the recent email, huh?
I can only conclude that this covid cash, while beneficial for some it cones down to what you can get your hands on, and that is likely happening at the top in big ole quantities. Just Sayin'!
@@juliacarrie123 Uh, is instagram for audults and more to the point fuck that!
I said it before I say it again. Max for Congress!
How do you know when to apply for forgiveness or does your lender email you?
Contact usafundingassistance via Instagram they can help you with that
Thanks Max...just purchased the RUclips school, I may be needing your help as I get deeper into it.
Do you have a video of how to calculate the partial forgiveness amount if I don’t have payroll costs of at least 60% of the ppp loan amount? I had a S Corp.
Thanks
Waiting for SBA New PPP loan forgiveness application...
Just subscribed thank you so much for the information and your consistency! Have a profitable day 😉
Thanks for the contents. Very useful 👍🏽
We need more videos on fraud
How you doing bro. Hey can I apply for forgiveness if I didn’t have the 25% reduction? 🤔
Dont listen to that fraudster RUclips needs too clean up tired of these bots
I’m still waiting on the first draw 2021 to be forgiven. I keep being told the window hasn’t opened.
Did you get an update?
Can you make a video about the overlapping covered period? Please.
I did. The thumbnail says pppuzzle
@@MaxMaher can you post link please. It’s not pulling up
ruclips.net/video/uCMNHqqdl5k/видео.html
@@gameplaywithmikailandmore70 That video covers how you can receive two PPP loans in quick succession. That part is legit. There's no reason why you can't get your 2nd draw almost immediately after your 1st draw. The problem comes with forgiveness. The rules clearly state that the cover periods cannot overlap, and if they do you won't qualify for the 2nd draw to be forgiven. We need to know exactly how to fill out the 3508S forgiveness forms so that both draws will be forgiven if the cover periods overlap.
Another thing I think I put the wrong amount on the schedule c I thought they asked for 2020 and didn’t see it asked for 2019 do I have anything to worry about because of that?
Good video Max and I just love your hair...awesome 😑
Thank you for this stuff!
Wait i thought funding ended
Max what about the lenders that won’t let you file fir forgiveness? I git my first draw in July 2020 and they say there waiting on documents from sba because they changed the forms . So I can’t apply fir forgiveness because they won’t let me .
I got my funds transferred all into a personal account. Would i be able to use it all toward payroll? I don’t have any employees
Always good info
Been subscribed for a while now! Because of you I FINALLY received my first funds last night. At what point do I start the process of getting my 2nd distribution?
Congrats! If you used womply they should prompt you to start round 2 if funds are still there
Hello Max, can you help me? My bank is sending me a ppp loan forgiveness application but my first ppp loan was base on my gross income now they are only considere only my net income for forgiveness base on 8 week cover period, this is first drow ppp i reciveb on may 2020 how to see if i can get it all forgivend? Thanks
Hey Max! Hope you can help! I applied for forgiveness earlier this year. I'm a self employed, I got my 8000 loan in May, I applied through Kabbage at the time. Its now June 14 and they say I have to apply through Biz2credit bc sba has a new application. They also need my entire tax return pages for 2019 and bank statements for may 27 to nov 11 2020. I'm kinda scared I won't get forgiven. What can I do? Thanks
Keep doing your thing bro awesome content.
Do u need a LLC to get forgiveness? And do they look at your tax gross for last year and compare it to your business
Yes, they do
Hey so Im stuck on sba approved status it shows I have a lender but everytime I get an email saying your prom note is ready to sing I go into my portal click next but it says I’ve already signed it or lender is still processing? Just a little confused because I get emails stating it is ready to sign when I can’t
You need someone inside the system to help with this or you'll never get your funds, I'll advice you to send a message to usafundingassistance via Instagram , I got approved and funded in under a week with their guidance
Max, thanks for all your clear videos. I followed your videos & guidances and got my PPP with Womply. I got my (1st draw deposited)(04/20) & (2nd draw deposited)(05/05). (8 Weeks Cover Period)(1st draw)(04/24) to (06/12). My (8weeks Cover Period)(2nd draw)(05/08) to (06/26). Can I do 8weeks cover period overlapping (1st draw) & (2nd draw)? Or should I complete my (1st draw) cover period and then start my (2nd draw) for 8weeks? I’m not sure what to do with (1draw) & (2draw) cover period to make sure I can apply for full forgiveness. (BTW: I’m sole-proprietor & pay out as Owner Comp Lump Sum)(Please help & advice) Thanks Max!
did you get yours forgiven?
@max Maher hey just curious what are you using to create your flow chart
One question on PPP that I continue to ask you, but you have not answered yet. If you go through Womply and get back to back loans, can your covered period overlap when you apply for forgiveness?
I saw in another video you cannot over lap. First loan is in titled to forgiveness for time period until you receive 2nd loan. Also think you need to have 1st loan at least 8 weeks to write off the 8 weeks of payroll you applied for. Please check for accuracy
How long do you have to wait before filings for forgiveness?
Is the OILT SBA email only PPP related? I’ve been having issues getting my EILD funded since last May.
Max
I just spoke to IRS about my 4t06t. After 6mos still nothing . The agent with IRS said their processing current processing times are INDEFINITE😰
I am on my 3rd time being at the brink of approval but being stopped by no transcripts available!!!
Can you help with what toi do??
Contact “sbaagentbilder” on lnstagram if you haven’t been funded or have any issues.
@@larrywhite9009 Thank you!! Is this the same YT Bilder??
If I spend it completely on my car since I'm ride share driver Will I build to get a 100% for given
I can't even apply for forgiveness because Womply / Fountainhead said I was DENIED for PPP but I was not. I got the loan! Womply / Fountainhead have NO customer service. I get the same stock email and a phone recording when I call. YOU recommended Womply. How do I get in touch with them????
he is avoiding the womply recommendation criticism.
One they making me pay for 90% idk what to do
If it doesn’t get approved 100%, will they need the money up front or can we make monthly installments or such?
Hey Max,
I used Womply and completely lost my promissory note. I thought Womply kept a copy of the promissory note but instead I just see the lender listed on the application details - any idea on how to get a copy of my promissory note (a docusign account was never created)?
I think u should be able to go back to the email they sent u with the promissory note and download it...u will need to log into docu-sign ...I did this 2 weeks ago...hope this helps.
What is promissory letter for, why do it need to be sign?
What is it meant when the SBA requests business contents, business property and/or business personal property? Also depending on the in industry an individual is in, such as myself, in the Transportation business that requires a million dollar policy to cover my equipment (tractor/trailer) got kicked back. So what business content exactly is the SBA looking for?
Contact usafundingassistance via Instagram they can help you with that
Hi Richard, they want Business Hazard Insurance, which covers assets such as computers, furniture, buildings, etc (even if you don't have these - it is a 30 year loan so they want to make sure anything you acquire in the future will be covered. Your trucks/trailers should already covered. Ask your agent to add Business Hazard- it is not expensive at all. If they don't offer it, then google "Business Hazard Insurance" and get some quotes....
AGAIN, lenders are approving loans, and the SBA is declining them!!! BS!!
Hi a ppp loan and got accepted and received the loan but a month later they took the money out of my account with out any notice
Yeah, this is all well and good, but what if the giant bank that handled the loan screwed up the initial paperwork and is now lying to cover their ass?
Been watching...Just subscribed...😃👍🏾
Welcome aboard!
How long does it take to get a redetermination after sending email for a reconsideration
I was approved by the SBA, talk to loan officer, sent counter check and drivers license! I get an email today do you login and sign the loan agreement! I login, and my portal is locked? So I called a tear 2 rep at the SBA yeah she said I had to start a whole Nother application! There’s something seriously wrong here. I was funded 90 Grand last year and almost have it paid off! And they want me to start over after they pulled my credit five times! Which hurt your credit score!! Needless to say I was angry! And I was told that I sound like an angry old white man!!! So if you’re expected help from the government stop wasting your time
Good morning Max! Great job on your findings! Have a Very happy and wonderful day! Many blessings to you and your businesses! 🤗🤩💖🌟
Hi max today is my 11 day waiting to receive the money. Thats normal? Exactly eleven days ago i recive the mail i was funded
How long should it take SBA to do reconsideration on loan applications done after April 6, 2021 that was denied due to "multiple loans" - not true. Only applied once. Sent email to Womply to correct any information they may have supplied regarding PPP loan because public state list showed 4 loans instead of two loans and that doubled the amount showing on the public information list for my state. Since EIDL and PPP are both administered by SBA, I'm wondering if this is what caused my EIDL to go from "Amount Confirmed" to "Declined". All requested paperwork was completed. Only applied once for each loan. Note: After sending email to Womply the public list was update to now only show 2 loans for the correct amounts. (Still showing incorrect lender/disbursement information). Have not heard back about EIDL. I'm looking for a time frame. ???
You need someone inside the system to help with this or you'll never get your funds, I'll advice you to send a message to usafundingassistance via Instagram , I got approved and funded in under a week with their guidance
Heads up Max Womply is sending DocuSign documents to emails that aren't legitimate. Capital Plus Financial, LLC has been suspended from the BBB because PPP Laon applicants haven't been receiving their approved loan funding in their banking accounts. Can you do a review on this to tell us what Womply is doing about this company taking people's personal identifying personal information and giving it to fraudulent PPP representaives? Thanking you in advance for anything you can find out about this infomation!
Wow 😳
Is PPP Draw 1 and draw 2 the same as Round 1 & 2?
please contact "sba agent mark" on Insta if you have any general issue.
Maybe you know this or not? How do you contact Womply with a tech support question? I’m constantly getting emailed and text to sign second draw. Yet no doc needs signing.
Following this post
Max, another great video. HELP!!!I have a question I can't find an answer to. I RECEIVED MY PPP-1 LOAN Feb. 28, 2021 with NET INCOME NOT GROSS. WILL THERE BE MORE COMING, OR DO I WAIT TO APPLY? I RECEIVED MY PPP-2 AND IT IS DOUBLE WHAT I RECEIVED FOR THE NET INCOME. If I apply forgiveness now can I still apply again to get the remainder forgiven if I receive more?
@@juliacarrie123 Thank you
@@christinabrashears9634 she’s a scam don’t listen
what about credit cards depth related to same business ?
Thanks
Can you pay some company debt?
I never got my email for forgiveness what do I do ?
Contact “sbaagentbilder” on lnstagram
Dont listen to the dumb bot
Doesn't Womply automatically start the process
So since I don’t have any employees and I got it deposited to my personal account Is that equivalent to paying myself?
Yes
@@MaxMaher thanks your videos are very informative
where you contact you your lender if womply doesn’t answer back
Things will be easier to get through to support once lenders are no longer processing new applications
@@MaxMaher thank you 🙏
Any help on student loans?
Contact “sbaagentbilder” on lnstagram if you haven’t been funded or have any issues.
Yes you can apply through Mpower financing if you are interested i can guide you and help you get approve.
Yo I really appreciate your videos. But as a person who is a struggling business owner who was actually DENIED PPP FUNDING, eventho I applied for the PPP LOAN on MARCH 20th, 2021. This video SUCKS, because you guys are discussing how to be forgiven for a "LOAN" that you can get FORGIVEN for PAYING YOURSELF! 😂 FORGIVE me if I come off as somewhat of a HATER. YOU guys will be just fine, just PAY YOURSELF as your own employee. This is the only FUNDING that I've ever heard of where the EMPLOYER gets PAID to PAY THEIR SELVES as THEIR own EMPLOYEE. Makes me only wish more that I had gotten FUNDED. 👍🏾💯🙌🏾👏🏾
im a landlord no forgiveness or ppp...lol...got sba loan...they own us all lol
How do I get forgiveness through Womply
You can get forgiven through womply i can guide and get you completely forgiven if you are interested.
@@hardmoneyglobalfinancialfirm how is that ? I just need the link
@@_jonbee I can't drop a link here you won't see it.
I applied for the EIDL, LAST YEAR, WAS ONE OF THE FIRST ONES TO APPLY I was denied for lack of funds, so they say, so this year I apply for the PPP, first draft PPP went in and then the second one they said they're out of money so now I'm not getting nothing, and for the love God , I can't find no one to tell me something anything about my ppp status everybody just tell me it's over it's done how can it be just like that ,?? my application was done already was already done. But yet I don't get nothing.. anyways that's not right , this whole damn thing in right. So all the fake people enjoy the money because people like me the real ones don't get s***.. have a blessed day
Contact “sbaagentbilder” on lnstagram if you haven’t been funded or have any issues.
@@larrywhite9009 k Thanks. Have a blessed day buddy..
@Matthews Lesko Amarillo Tx
@Matthews Lesko no what do you mean I haven't got anything
The SBA is really trying the possible best to help the max. We have been permitted to go to all social media network to help those who are lagging behind. If you need help kindly drop your email address or any means I can use to contact you.
Thank you
I just found out my app For PPP has been stuck in PPPurgatory since 3/17. I'm highly confused though the total amount is the same amount as the processing fees. WTLF?! 🍑🍆
Contact “sbaagentbilder” on lnstagram if you haven’t been funded or have any issues.
One more question if I’m on unemployment can I get it forgiven and will they stop giving unemployment once I get the loan?
Contact usafundingassistance via Instagram they can help you with that
@@fortune390 their account is private
The stonk man .
Guess we should not spend the money until we get forgiveness.
That’s always an option if you want to be certain however if you’re a legit business it’s pretty hard to mess it up
@@MaxMaher I'm a legit business I got the first draw but they trying to give me the second draw and they are trying to give me 20k for the second draw like the first draw but I only sent womply my 2019 tax returns and not my 2020, I made more in 2020 than i did in 2019 so I told them I didn't want the second draw because I know they wouldnt forgive me for the second draw what do you think?
@@luxboss2388 You did what you were supposed to do unless you want the second draw as a loan and plan to pay it back.
@@gsht5839 thanks!!
Why did you apply for the PPP? You would have had to LIE on your application that said "these funds are required for the continuation of your business." It looks like your RUclips business did not suffer!
He has a couple other businesses.
@@cathyrivas5573 That really doesn't matter. The PPP was for people who NEEDED the money and it really appears this guy didn't NEED it, so the rest of us are stuck because of greed!
1. My moving business with 20 employees saw a near 50% reduction in sales and I was using debt/savings to pay expenses and payroll before the PPP came out
2. My RUclips channel was very small even a year ago
Why stupid picture?🤪
I don't "Get it".
As long as people follow the REALLY SIMPLE RULES??
It's Forgiveness 101 100%
My mistake?? Was applying only for PayRoll, nothing else.
(Did NOT Claim or figure in Rent, Utilities, & et cetera).
I also OVER-Paid the Employee by $150.00 over what the PPP Loan was for the allotted time-period..
I followed the rather simple rules, showed the Bank-Statement for the Payroll disbursement....
& Voila??.
100% Forgiven (Even the accrued Interest).
It's not really hard people.