PPP Direct Forgiveness Borrower Portal Training
ฝัง
- เผยแพร่เมื่อ 18 ส.ค. 2021
- The SBA walks borrowers eligible to use the PPP direct forgiveness portal through the application and submission process and answers common questions.
For more information, visit www.sba.gov/ppp.
This going to help out a lot of individuals just make sure your lender has opted- in to the portal
This video was super easy to follow. The closed caption really helped. I would say no more than 6mins to fill it out! Dito!
Very easy application! It took me 3 to 4 minutes to complete and submit it.
Thank you for all the information and demonstration. I appreciate it.
Thank you for showing us what to expect during the process.
what is reduction score, what does that essentially mean in layman's terms?
This video was super easy to follow. The closed caption really helped. I would say no more than 6mins to fill it out!
If it only takes six minutes on a smart phone, why is the tutorial 45 minutes long?
@@qualifierfilms right lol
Is it normal that I continue to get text and emails from woomply reminding me to go through the forgiveness process but I’ve already done it? It says on my application that everything has been approved and no further action is needed.
Thanks guys!
Hi, what if you only got the first draw and never received the second one? The application will go for the first one only correct?
I am unable to get anywhere with this forgiveness I even called the hotline and they couldn't help me they told me to call the lender which tells me to call the hotline
Hello, I have misplaced some of the documents I used for my first draw loan application. Is some of the data I typed in retrievable?
I applied for forgiveness thru my lender. When I did my application only half the amount I was lent was showing. (Say I rec'd 2 equal pmts of $4400 for a total of $8800. Under my loan # only $4400 appeared.) Do I have to apply for forgiveness a 2nd time?
Opted in for what, how do I know if I've OPTED IN, how does one opt it, etc.
1st draw says "Submitted to Lender" by Benworth Capital and 2nd draw says "Fully Approved" by Harvest Small Business Finance, LLC. Where does this difference come from? And how did 2nd draw approve unless 1st draw is waiting? Should I worry about it?
hold on to get the loan needed "Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. to get forgiveness need 25 % lost for the year from 2019 to2020?? is this correct.
What if I’m a independent Lyft and Uber driver? How do I provide proof of paying my self and is 100% able to be paid for payroll? I only got 1st pull not both they ran out of money on the second one.
i have a question, is the portal for the forgiveness still open or is it open or certain days? the website is not working for me at all
Very helpful video all my questions were answered
so would they send you the check by mailing it to your address?
And where can I confirm who my lender was or is.
Yes but I submitted a month ago and still haven't heard back
Hi. Thx for info. I am available fir PPP Forgiveness but I dont know my Loan #. Where can I find this info? I do know my Application #?
How can I get a Code 35 from Benworth.So I can submit my forgiveness
Hi I keep getting messages saying my application has been started & I only received 1 amount, I didn’t receive 2 amount. So what do I need to do because it’s say application has been started & it’s not doing anything e
Hi if it says my application has already been started what do I need to do
Who can help me. I have tried everything and even called the hitting and they couldn't help me
Do you need a business bank account to be approved or considered?
I have a username and password , loan number, EIN, SSN, etc.. I am told there is No loan amount found, etc. Blue Acorn or Prestamos, are these participating in the Loan Forgivenss. I can not get in Portal so I can't apply for Forgiveness. Has anyone else had this scenario?
How to access my PPP Statements for my first draw. Also, how to confirm this is my only loan. I need to confirm my lender information. I need to submit the application for second draw..
Good info but am still have a question regarding my username and password I lost it how to recover that thaks
Do I ask for my second draw at the time of my first forgiveness? Plus, will I see the app?
how long does it takes to get paid once its approved
and what is being equipped?
As an owner operator by myself only do I qualify for deduction or forgiveness
What is you don't have any employees, can you still be considered and approved?
Is this only for PPP loans or also for the SBA loan? I understand the PPP was for employees payroll. I need the SBA loan forgiveness application.
Can I also apply?
What if you only got one draw not two
Thank you guys for that information ok my question is can use my previous lender or any lender I want. Second question if I forgot my SBA pass code how can I get it to login in my existing account
Am having the same problem
@@deborahbraasch9091 I have the same problem.
Can I apply now ????? When is the deadline
If anyone knows please let me know
What does it mean when it says account inactive ?
What if you are a sole proprietor and didn’t have employees would you just put how much you spent on expenses then because you didn’t have employees ?
Wondering
I'm a sole proprietor as well, but even still, you should have been running payroll even if just for yourself if you are operating as a business. This means using a service such as ADP which will track those payroll statements. Not saying you absolutely won't be forgiven but you may have to produce a lot more documentation to prove and account for every transaction that went toward the business. Overall the PPP is specific to payroll so the bulk of it should be used toward that. Hope that helps!
@@aprilmay1700 Specific to the PPP loan, that actual is the protocol because it's for payroll purposes. You can get clarity from the SBA to confirm, that's where my comment came from, not personal opinion. I went thru this process as advised by both a tax professional and partner lender thru the SBA. Again its not a guarantee that you won't be forgiven if you didn't do this but you're chances are much better because it serves as proof of how the funds were spent. If it goes directly into your pocket there is no proof that it was paid into your business. I was forgiven 100% within a week of applying . Just sharing the info I was given and my experience going thru the process
403 ERROR
The request could not be satisfied.
^I'm getting that message every time I try to access the website.
Hello I have a problem to submit the forgiveness request. The application said (this loans is ineligible for direct forgiveness please contact your financial institution to proceed) What can I do in this case?
That's the same issue I'm having, have you been able to resolve this?
I called the Sba phone number and they told me that I have to talk to the bank that made the loan but
Benworth Capital Partners LLC Don’t have phone number
@@gladisguevara8034 I had to contact my lender and they told me to send in some info so that I can be able to go through the portal. Try calling the SBA and tell them your unable to get in touch with your lender and the SBA will contact them for you. Good luck!
If you a Sole Proprietor, do you enter 0 for employees or 1?
hell it keeps telling me there was a problem with my woompy account after i put the verify pin they sent to email or phone so cant sign in
So what if you got the second draw but not the first draw??
How long we have to apply
Why so complicated and why do we need a 45-minute video to maybe solve our issues, we won't know until the video is over I suppose but something tells me that I won't get my answer or if I do I probably won't realize that it was answered because so far a whole load of terms are being used that only someone who does this for a living, would know, and just for those of us who speak English, I'd pity those who don't .
I am not agree an Uber or doordash driver eligible for the ppp loans because it doesn’t have small business he is driver contractor mean his job doesn’t have any evidences to prove for forgiveness
My name is Bruce and I am asking forgiveness of 156056
Limiting two factor identification to SMS is very short sighted. My mobile phone is VOIP and it does not work. TOTP would have been a great alternative.
What if you did the application for direct forgiveness and it said fully approved do you still need to do an application again
I was wondering the same thing
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✍ I would like to understand how wealthy people with many assets could possibly qualify for this basically $ loan forgiveness welfare -- this is so wrong & shocking.