It has the approved banner but nothing else. Applied on 4/4 and submitted all required documents and were told that they would stay in touch. [my business name] qualified for a PPP loan of $xx,xxx.I applied for the PPP loan on April 10th and got denied on the 22nd because of a glitch in the ID verification system they use. Blocking you out for legitimate lenders.I also read that disclaimer as well.
8 lender in the Houston area. Applying with Kabbage does not limit you from applying with other lenders and/or platforms, but you may only accept and sign one Program loan agreement."I understand the frustration of all who posted questions because I was right there just yesterday but I'm here to say try reaching them thru your private message on instagram.My wife is in the same boat, independent contractor, she worked in the government and could say that if she doesn't get an SBA 10 digit number that she will try to proceed contacting her people in order to push this the SBA to middle in. However I was diligent and ended up reaching someone by phone who explained the hold up was that I submitted the picture of my drivers license sideways.
Resource Center. Until I see something legit myself I say they are frauds. Individual employee payroll costs are capped at $100,000 per year. My only complaint is that (1)You can't just wait on hold until someone is available and (2)That someone didn't just reach out to me to fix something as easy as a sideways drivers license.PayPal has run some numbers, and knowing the goverment is going to back any legitimate loan, is running ahead.I've tried Kabbage and PayPal. I haven’t heard anything from Kabbage or lendio it’s almost like their not really processing applications anymore Any reduction in an employee’s salary or hourly wages of more than 25% will be subtracted from your eligible loan forgiveness amount. After 5 days (4/9) we had not received any correspondence so we logged into website to find that they were requiring more documents and questions answered. I got the run around for 3 weeks; they kept asking for more and more paperwork which I always, promptly submitted. For loans across all size categories, Kabbage was the No. I have my bank about to finalize and got the Kabbage " “congratulations your business " email today, i would rather have my bank do it as Kabbage low balled the number. He helped me resubmit and I signed loan docs the same day. So, I contacted my Congressman and that was equally as bad; what a bunch of seemingly caring bunch of baffoons.Applied through both BOA and kabbage and this morning BOA said approved whereas kabbage still says pending with the “congratulations your business message »I am really wondering is that really mean that my application has been approved? ?Don't get excite -I got the same email. Remember that it starts on the day of loan disbursement from your lender. Kabbage Ppp Loan Reviews {2020} Is Good or Not! I just applied with Kabbage today (7/27), so hopefully I'll get better news from them soon.I don’t understand how people are having quick turn around. There is no cost to you to apply for a Program loan. I received my funding about 3 business days after that.Did you get any fund from Kabbage?That's their strategy. Through the whole process so far, Kabbage has never responded to any emails. Support. I specifically asked if this was the last piece of paperwork they needed?
Almost every industry is facing this problem. I want to gather couple of people who didn’t get any information from Kabbage after they collected our private information, and maybe we can sue the hell out of them! They are also a black hole, they don’t even let you submit documents. 4 days later (4/13) logged on to find the same story. Gave them what they wanted and hoped for better results. Are you muddled in a financial crisis? If you used more than 40% on non-payroll expenses, your forgiveness amount will be reduced by the percentage of the loan you used on ineligible expenses.Based on the information we have now, we recommend waiting until guidelines are finalized and until the end of your 24-week Covered Period to apply for loan forgiveness.
After attempting to reach Kabbage since Tuesday with no success , I was ecstatic when I was actually able to get my loan completely processed and loan papers signed with the Kabbage agent through private message on Instagram and I wanted to share my experience hoping it would help others.Title: Congrats!
Thank you for the info. Read the fine print at the bottom - it looks like we have been approved by Kabbage to be submitted to the SBA, but not submitted yet -At the beginning of this process, I was led to believe that I should only submit one application to one institution. Contact Kabbage. I got this same email from them and was excited until I logged into my account. Asking for documents after receiving and locking you into an SBA number. Small businesses are relying on this money and you have a predatory lender taking advantage. I submitted supporting documents to prove I was born in the US and a Citizen. Hi, I just want to double make sure no one got find from Kabbage Inc. Get Started Application Dashboard; Sign In Sign Out; Contact Us.
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