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are you still waiting for reconsideration on your eid loan increase i might know why in this video i'm going to cover the recent results of my reconsideration what i found out from the sba case manager about my status and how you can make sure you're not stuck in a loop or things that might have happened that could have caused you to get denied through no fault of your own welcome back to mystery of money my name's nick and on this channel i talk about financial terms and topics that surround money if that sounds like something you would be interested in start now by hitting that subscribe button and turning on notifications by hitting that bell i left off in my last video which i'll post here and in a link down below with me receiving all of the closing documents for my 30 000 increase to my original e-idea alone i was waiting to review their document the next time my brother was off the road and we had time to sit down and look at them in the meantime on january 19th i received another automated email stating that my loan modification status was updated in the portal i logged in and there was an amount of approval for the remainder of the 150 000 way higher than the 30 000 that i applied for reconsideration i called customer service because i was confused on the amounts the rep looked into both my application numbers that i provided and she stated that there was an error because two different systems are processing applications she stated that i shouldn't worry about the one online and that they are both the same application it's just being processed by two different departments i didn't think any more about it and continued with my plan of signing the package as soon as we could review it on the 24th i received another email stating that if i did not take action then my loan requests would be removed and if i did not log in and accept the modified amount that my application would be denied since i thought the two applications were tied i logged in accepted the amount even though it was higher i thought maybe it was a glitch in the system yesterday morning i received another email congratulating me on being approved and i was able to go into the portal and sign loan documents i thought great this will save me a lot of time i won't have to have my brother here i can just sign and get the money funded well i logged in and all the documents state the loan amount for 123 000 which was the difference of the two amounts all the documents are in there the same as the physical package that i have on my desk i called the sba case manager who was assigned to me in the physical documents and had an 800 number that i could contact her she was very pleasant to deal with and after several attempts to talk to her team leader and figure out what happened she found out that the first application was a rapid one and because modifications are taking 45 days it is sent to a separate system which is her system which is speeds up the money getting to the people in time this would explain anyone applying for the first draw is moving faster through the process than reconsideration i was actually approved for a second loan through the other system if i had accepted the amount and signed the documents online i could have effectively received more money than i would have been eligible to under the rules of the previous program i also didn't want that size of a loan as i don't know if i could have used it under the guidelines and the stipulations that the sba put forth i'll put a link to the video here on the approved uses and what you can use the money for after all this run around she determined that i should reject the online application and go ahead and sign the documents that i already have and send them back to her i then asked if she had knowledge of the grant status or when if we could be contacted about the additional amount again we got four thousand dollars which is one thousand per employee so we should be eligible for the other six she stated that whatever i can find available online is all that she knows and that there has been no formal communication they haven't had any meetings the sba hasn't put anything out other than what the general public knows now how not to get stuck if you have a case manager already reach out to them and let them know that you receive correspondence either from thedisaster.sba.gov email and make sure that you only accept one set of documents don't sign the online electronic ones and the physical ones you have because even if the amounts match it's going to be double alone and if and when we ever get out of this situation there's going to be some bean counter sitting in rooms going through all these documentation and making sure everything was legit so make sure you have your ducks in the row and that your information is rock solid in case that happens also the case manager stated that there have been times that the sba has asked for information and if you do not supply it within a certain amount of days let's say they request your driver's license information and the email went to your spam inbox and you didn't get it back the sba gives you six days to respond if you don't on that seventh day your application is denied and unfortunately they have a lot of people working in the sba who have never owned a business they don't know how businesses work and they don't realize that people aren't just checking their emails every day with that being said make sure you're checking your email at least daily or every other day to make sure you don't receive an email from either pdc reconsideration or disaster.sba.gov one of those official email addresses make sure if you get that respond back as quickly as possible and also during this process i received phone calls from two different 800 numbers that i thought were spam i mean nowadays we get so much calls about our car warranties being up i kind of ignore them luckily they left messages but they are really hard to get back to and if they don't leave their agent number and you get the generic 800 number they will just transfer you to a endless loop of contact centers i hope this may have helped you in determining where you are in the process i'll be getting the document signed and back to the sba as soon as possible so i can get the money to move on with the business if you have any other questions that i can answer post them below until next time have a great day