[NYCTuga]

Complete con...you can't forgive an EIDL loan. Only the PPP offered that. You can report the fraud to the SBA though. Call them.

You can call the SBA and ask for loan payment reduction due to financial stress with the payments.

Keep in mind I hear from brokers all the time who charge merchants up front fees as a secure funding charge or somesuch nonsense.

Thanks!

Where would I report him and if you don't mind, I'd love to know the best number to call to ask for some help with temporarily reducing the eidl payments. Slow season :-)

[Olderguy]

Thanks!

Where would I report him and if you don't mind, I'd love to know the best number to call to ask for some help with temporarily reducing the eidl payments. Slow season :-)

Go into your loan on the website there is a place where you can request 6 month hardship payment reduction. 10% of your normal monthly payment.

SBA numbers:

833.853.5638 •
800.659.2955 •
also: 800-487-6019

[NYCTuga]

Go into your loan on the website there is a place where you can request 6 month hardship payment reduction.

SBA numbers:

833.853.5638 •
800.659.2955 •
also: 800-487-6019

I'll check it out thanks!!

[SKITTLES]

Sorry to hear about the EIDL issue. Not sure where your file was with SBA for the increase but I THINK the funding ran out around May 5th. Even if you had a file in to SBA even before that I would say you were SOL. There may have been a chance for the increase if it was approved. SBA got really weird about that time. You have to call SBA about that but it sounds like he intentionally collected money from you knowing you would never be successful but I can't say for sure. Good luck going forward.

[NYCTuga]

Sorry to hear about the EIDL issue. Not sure where your file was with SBA for the increase but I THINK the funding ran out around May 5th. Even if you had a file in to SBA even before that I would say you were SOL. There may have been a chance for the increase if it was approved. SBA got really weird about that time. You have to call SBA about that but it sounds like he intentionally collected money from you knowing you would never be successful but I can't say for sure. Good luck going forward.

Exactly right and thank you. My increase request was in months before they decided to stop the program. However, that didn't stop Michael from lying to me about it. Not only that but he bullied me. Kept saying I'd be foolish not to get in on the EIDL forgiveness. He was such an ass about too. But I relented thankfully. It would be great to just get that 3500 back but I don't think that's gonna happen anytime soon.

[SKITTLES]

Exactly right and thank you. My increase request was in months before they decided to stop the program. However, that didn't stop Michael from lying to me about it. Not only that but he bullied me. Kept saying I'd be foolish not to get in on the EIDL forgiveness. He was such an ass about too. But I relented thankfully. It would be great to just get that 3500 back but I don't think that's gonna happen anytime soon.

Yeah, sounds like the guy you were working with knew EIDL was over and on a mission to scam one more merchant (my opinion) before the door closed on EIDL. The part about the forgiveness was a total inducement to reel you in (sorry) because I don't recall forgiveness for EIDL but that's not to say the gooberment won't forgive in the future. Some politician down the road may come up with the idea to offer forgiveness to EIDL loans in order to "buy votes" to get elected. (sorry to go down the political road) I've been getting calls from PPP recipients looking to refinance their PPP loan after it WASN'T forgiven because a "sales person" told them that 1099 employees counted as an employee for the calculation on the PPP application and now the gooberment has disallowed that and their loan payments are beyond their means. I do not get think you will get your money back unless you sue the guy and that may cost more than you spent. Good luck going forward.