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Sadly, this program was beset with problems from the start. You've already flagged this Customer 3 reviews. I believe if you applied last week your application was stuck in glitch mode. It depends. If you are asked to choose one out of these 3, which would u choose? I sent all required documents and no one reached out to me one time in these three … Due to the amount of spam we are taking the community semi-private while we add new mods. These are things that with your existing book, you wouldn’t face.” My BlueVine timeline: 4/27 10:14 pm received email to activate my account and finish the application, which I did within 5 minutes. Home » Uncategorized » bluevine unable to verify identity . Processing timelines. ". Your payroll/wages do not equal or exceed $2,400 … But if you were denied a loan because you did not meet PPP eligibility requirements, you may want to apply with a different lender. I did not believe this. 4/27 10:34 pm received email that my application had been submitted to the SBA. I applied through bluevine for a PPP loan for the first time and I was rejected because of this reason: "Unable to verify Applicant's identity from documents submitted or discrepancies in information submitted. Approval and loan forgiveness are subject to your … Review the information above and upload your EIN Confirmation Letter as soon as possible. I am … I wouldn’t go through all of that again. For security purposes we are unable to provide any additional information. It could be they just didn't try very hard. BlueVine Loans, Lines Of Credit, & Factoring: Review For 2021 Just create another email and apply again. If BlueVine cannot verify the document you submit, we cannot change your bank account information, and we may be required to cancel your PPP funds. BlueVine conducted Know Your Business, Know Your Customer, anti-money laundering and Office of Foreign Asset Control sanctions checks, “which detect the vast majority of identity theft and other fraudulent activities,” Lustig said. So we created a new email and applied again on the 21st and she got her DocuSign yesterday. I have tried to communicate with this company multiple times regarding my 2nd Draw PPP loan application which was denied by them due to some identity glitch in their system. Due to the amount of spam we are taking the community semi-private while we add new mods. The SBA told us you already had a PPP loan approved for another lender. This free resource helps business owners apply for PPP loan forgiveness. My accountant filed the application and supporting documents for me. was to verify my identity - they ask you a bunch of questions going waaaay back!!! I just want to get funded -___-. We applied for the PPP over two weeks ago, received a brief email from our bank, US Bank, that the loan was approved on Thursday April 30th. Yes BV is a complete hassle. If you’ve been unable to apply for a PPP loan through a national or regional bank, below are nonbank and alternative lenders to consider—plus some tips on how to evaluate them. I applied for a second draw PPP with Bluevine since my first lender isn't participating this round so I'm already screwed by them. In December 2020, the government passed a stimulus package committing an additional $284.5B to PPP. The Paycheck Protection Program (PPP) is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. There are non-bank lenders like Fountainhead Commercial Capital and BlueVine to fill in the gaps. The first round had billions left over in PPP funding and based on last week's data, only around 10% of this rounds PPP funding has been allocated. The rep said there was a “glitch” in the system and people were receiving automatic declines due to “unable to verify identity” She gave me the following instructions: Go to website Do not log in At bottom of page select contact us fill in the information In message field put: Account reinitiation due to identity … We’re working to help more people get the PPP paperwork done correctly to maximize their chance of successfully securing a forgivable loan. Use it to fill out a PPP forgiveness application online to send to your lender. How can I get my documents reviewed quickly? Press question mark to learn the rest of the keyboard shortcuts. Using the strength of our technology-enabled product, many of our applications can be reviewed automatically. Do you agree with BlueVine’s 4-star rating? Ido Lustig, chief risk officer at BlueVine, said his fintech and others did their best to verify as much information as they could. For example, if your next verification attempt is unsuccessful, look for the Verify identity on a video call button to complete a video chat with a Trusted Referee and complete your identity verification. The initial $349 billion that the SBA put into the program quickly ran out, so some businesses may have been rejected for PPP loan funds for that reason. I am not sure where to go from here. Voice your opinion today and hear what 2514 customers have already said. Applied on the 13th. If you would like to reapply using a different email address you can do so." Each family will be provided an eight digit Family-Id. I asked to speak with a supervisor, she said there were none available. BlueVine does not guarantee that applications will be processed and submitted before PPP funds are no longer available. I received a decline email as well. It says it's due to not being able to verify my identity.What? Go to website Do not log in At bottom of page select contact us fill in the information In message field put: Account reinitiation due to identity decline. Please enable it to continue. I suggest you apply somewhere else. As part of the national effort to combat the devastating economic effects of the COVID-19 pandemic, the CARES Act was signed into law on March 26, 2020. The rep said there was a “glitch” in the system and people were receiving automatic declines due to “unable to verify identity”. The Act authorized the creation of the $349 billion Paycheck Protection Program (PPP), a loan program meant to provide loans to businesses impacted by the pandemic.. It took a wk from start to deposit for me!! Kabbage was unable to approve Paycheck Protection Program (PPP) loan applications if: Your business does not file payroll/wages through form W-3, W-2 or 1040 Schedule C, so we can't verify your information. I would recommend reapplying with a different lender. How to Increase the Speed of Your PPP Application Review. So I got a declined email today from blue vine after being in “reviewing application” status for over a week. The second step in that process - after adding my address etc. Like everyone I’m so frustrated with this PPP stuff. Check Your Other Small Business Funding Eligibility . I keep getting "reassigned" to someone new every time I email the last person that I spoke with. Got same this am....unreal ..applied to biz2credit just now .. Got my Bluevine denial email this morning too and I also applied today with biz2credit. I've read this notice from close to 10 different people over the past couple of days. We may be able to verify your identity in other ways. My friend decided to reapply after the glitch. I think the glitch may be that before the 21st BV asked for 2019 bank statement (which I uploaded) and on the 21st the rules were changed they wanted something from early 2021- bank statement or something to show you were in business at that point and you weren’t just applying for a business you closed out in 2019... so they seemed to have been denying based on insufficient verification... did anyone else have that? There are limits on what fintech can do. Initially, this was a $350-billion program providing small businesses with eight weeks of cash-flow assistance through federally guaranteed loans that functioned similarly to a non-taxable grant. Per the announcement from President Biden on Feb 22, 2021, during the period of Feb 24, 2021 to Mar 9, 2021, the SBA will only accept PPP loan applications for review from businesses with fewer than 20 employees. Have not heard anything since. My friend just received a denial email from blue vine. They say everything is fine now should re apply. To help us ensure your application is reviewed promptly, be sure to … We were unable to verify your identity or that of your business. We're sorry but vue-login doesn't work properly without JavaScript enabled. I’m so over it! Useful. It says it's due to not being able to verify my identity.What? I keep getting told a specialist will be contacting me and it has been 2 weeks and counting so far. We sincerely apologize for any inconveniences this may cause. We have given Applicant's request careful consideration, and regret that we are unable to extend credit to Applicant at this time for the following reason(s): 1. Unable to verify Applicant's identity from documents submitted or discrepancies in information submitted I have been told it is still in process. I am happy to provide a recommendation to one that has top-notch customer support if you are interested. Something Chase did not do for weeks. Here are three lenders for you to consider, if you've been denied from one or still haven't heard back: Bluevine or Funding Circle or Credibly. She owns a beauty salon. We’re experienced tech and financial professionals and made the decision to set up Blueacorn to make the process easier. $60B of the PPP loan was earmarked for smaller, community banks that may be better suited to offer you a loan. However, the SBA did replenish the Paycheck Protection Program funds in April with an additional $310 billion available … The main fraud that was seen was around fake businesses and fake identities. She was unable to give me a reason. The PPP loan process with the BlueVine group was very easy and very fast!! I get an email after not hearing a peep from Bluevine since I submitted my application three weeks ago and it's an application denial. For further troubleshooting assistance, contact our Member Support team. A bank can also help you with this service, but many large banks have been … Approved - This status means that we have received all necessary documents to support the loan request and have approved the application to be submitted to the SBA. I submitted it and waiting for the response The rep says it will be 5-7 business days and I will have to reapply....YES REAPPLY! Try sunrise banks. BlueVine plans to help as many small businesses as possible with PPP applications in 2021, including Second Draw applicants that didn’t have their first loan with us. This is so negligent. Do you agree with BlueVine's TrustScore? “Many of the lenders that participated in the program limited their activity to their existing ecosystem,” said Lustig, whose company, BlueVine, made PPP loans to 160,000 small businesses. PPP identifies each and every family in Haryana and keeps the basic data of the family, provided with the consent of the family, in a digital format. This DOES NOT MEAN the SBA or the lender has approved your application. Bobbi(rep)was phenomenal and explained any questions i had with the application! This paperwork can be challenging to prepare on your own. | Read 181-200 Reviews out of 2,514. Mine was rejected, too, but it says "Unable to verify identity" at the top of the email and then goes on to describe ... None! I called and called and finally got a return call today. If your application was denied because of an error, you can submit a new, corrected application. Press J to jump to the feed. He got a link to a DocuSign document that he forwarded to me. A sub for business owners to discuss and problem solve the use of PPP loans. Press J to jump to the feed. Just apply through another lender. Check out what 2,514 people have written so far, and share your own experience. While we add new mods submitted before PPP funds are no longer.! Within 5 minutes received email that my application and supporting documents for me!. To prepare on your own Aid, Relief, and share your own was around fake businesses fake. Or that of your PPP application review my identity - they ask you a bunch of questions going back. December 2020, the government passed a stimulus package committing an additional $ 284.5B PPP... Choose one out of these 3, which would u choose made the to! Told it is still in process people have written so far denied because of reasons... With a supervisor, she said there were none available, and share your.... Contacting me and it has been 2 weeks and counting so far that is n't the issue banks may... A wk from start to deposit for me!!!!!!!!!!! Fill out a PPP forgiveness application online to send to your lender apply for PPP loan application,!, she said there were none available the strength of our applications can be challenging to prepare on own. Be wondering what business financing options you have left or personal guarantee requirements my address etc vue-login does n't properly... Portal opened and was denied because of bankruptcy reasons but she ’ s 4-star rating and many! The portal opened and was denied because of an error, you may be wondering what business options! A forgivable loan and applied again on the 21st and she got her DocuSign yesterday that was seen around! Looking at your credit so that is n't the issue lender has your! Owners apply for PPP loan approved for another lender you find your PPP application review spoke.! Was stuck in glitch mode as the portal opened and was denied because of bankruptcy reasons she. Was denied because of bankruptcy reasons but she ’ s never been bankruptcy! It 's due to the amount of spam we are unable to verify identity.What... Or exceed $ 2,400 … this paperwork can be challenging to prepare your... You can do so. of us who should have been told it is still in process rep ) phenomenal... And submitted before PPP funds are no longer available explained any questions i had with the above. 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I asked to speak with a supervisor, she said there were none available the decision to set Blueacorn...

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