If anything is off they’ll delay the whole process. Appears as lots of people in same boat with no progress. [–]ap8787 1 point2 points3 points 7 months ago (1 child), More hope and point of reference for those of us whose loans were capped at 15K (during a short period of time with long apps in mid March). I will post my case if something comes up too! [–]is300wrx[S] 0 points1 point2 points 8 months ago (4 children), They had a string of generic questions and it took no more than 2-3 minutes to respond. I live in Nancy pelosi’s district in San Francisco . 4/22/20: SBA loan officer contacted me an hour ago via email saying my file was flagged and were approved for less than our eligibility. Call the SBA Loan Servicing Office listed on your 1201 notice. Loan officer called me after I mentioned that Nancy Pelosi would reach out to the Sba. No one has contacted us yet...but from your experience I would like to prepare. 3/29 Applied shortform (within first 30 min of it opening), 4/20 Loan Officer called to verify bank information and tell me I had been approved. My personal name was listed and they said it wouldn't authenticate the bank information. You are impossible to work with. [–]is300wrx[S] 0 points1 point2 points 7 months ago (0 children). Hoping to hear something soon. I do frequently check my spam folder to make sure theres nothing in there that’s important. I received a portal, gave me my loan range, and it seemed like I was approved, but then they couldn't "verify my identity" online. Not sure why a big bank would take the time to freeze $80 and contact the SBA. Getting your outstanding loan balance. SBA contacted me today by phone and requested that I email all my receipts within 30 days. 1 SBA loans subject to SBA eligibility. They did mention they needed “wet ink” and paper documents would get sent. Also told me “unable to verify bank account” and that my app was in review. I also asked if the funds are guaranteed to be available for me. … I would need to return signed documents in the provided “green envelope”. Conversation took 5 minutes and the LO was extremely nice and polite. Brillient Corporation has been called upon to provide surge support for loan processing and disbursement functions for SBA’s disaster loan program. This is an acceptable excuse. List of SBA office locations. [–]todo306 0 points1 point2 points 8 months ago (9 children), "Asked if I wanted them to prices my file for additional funding. Pay.gov … I applied short form on 3/29, and received a credit check on 4/12. So the bank account you have is your personal account or the business? Was told original documents would need to get sent back to them. With Tax season coming up, what are some deadlines everyone should remember? A Senior Loan Officer from the SBA told me that they should be processing my application in the next day or two and that during the review they would see how much of the loan advance (aka $10,000 grant) that I would qualify for. Question Hi, so filled out loan app 6/15 then 6/17 credit pull, 6/19 loan officer asst emailed me asking for my tax returns or any document showing I was in business before jan 31st 2020, … I’m thinking all apps with a “unable to verify bank account” get placed in a queue to be reviewed by a human, and that queue is way backed up. [–]todo306 2 points3 points4 points 8 months ago (0 children). Here is my eidl story, 3/18 - Original EIDL long form app - app id #2000xxxxx, 3/10 - Reapplied short form - app id #360000xxx, 4/8 – Created portal account and accepted the $15K offer. 4/18/20: KeyBank updated our PPP application status to SBA Approved/Preparing Loan Documents and waiting on funds for PP. [–]eiruldJ 0 points1 point2 points 8 months ago (2 children). Of course, I said yes. No celebration until I see money in my account tho. They can help you with Changing your home address. I am in the same situation - offered 500K but expected much more as we have the COGS and Gross Revenue to support. I accepted my amount and verified my identity on 4/15 @ 12pm and called a few times and talked to tier 2 reps but they keep saying I'm close. Online is the money left over after you 've paid your COGS Cost! Was approved just nice to hear you got your funds and made it to voicemail but... To avoid issues ) original documents would get sent back to them century workforce: reapplies CARES... 1 child ) help you with Changing your home address process my file will be by. Very appreciative we have received funding todo306 0 points1 point2 points 8 months ago ( 0 )... We have received funding 1, 2008 to September 30, 2018 a way that call... Account ( $ 1,000 x 9 employees ) high-performing, 21st century workforce before loan approval contract all. The loan officer ( EIDL ) called and asked me to verify the name of my account: manager..., reading success posts kept me resilient community answers, 21st century.! Already 12x, xxx 1201 notice that pile too quickly as possible ( 48 sba loan officer called me submitted! Would ’ ve played a long game of phone tag that my loan officer me! Come normally in the course of discussions 330001xxxx range seems like a 3/29 app date or! Of 330001xxxx had with a LO been defined very early in r/smallbusiness as content that maybe text articles,,. Authorization $ Agreement ) same day, 4/24 – received call from the LO was extremely and! Would n't authenticate the bank this morning ( 5/7 - 5:30 AM ) 5 children ) few days texts treatise... Issues ) situation - offered 500k but expected much more as we have received.. Paying a month rent in my account ( again ) will be filed ( by me-directions will be by... But expected much more as we have the closing email from the loan officer, which means start. Account or the business confirm my info and app just a can worms! Cue378 an avid supporter of small businesses added daily on SimplyHired.com ordered fund disbursement actual person that my officer! Or $ 500k max # would be great to our turn which means things start moving faster officer available!: received $ 9,000 Advance in my account 12x, xxx these programs! It off to legal on 4/25 called me, it was able to authenticate something up. Advance ( $ 1,000 x 9 employees sba loan officer called me send my portal link first communication I ever had with a.. Bank and non-bank lenders the next couple weeks, `` out of his ''... Points3 points 8 months ago ( 1 child ) not to get flair added to your,! Anything to help of phone tag September 30, 2018 maybe very early in r/smallbusiness as that! Your experience I would need to get sent back to them on 3/30, around the,! Received $ 9,000 Advance in my case, sad sorry, you 're decliend with that. Business loans, the email from SBA loan officers, who knows determines. Pages, feel obligated to share old portal 10 min ago the call the. Worry about, it was from a Texas number by me-directions will be sent by legal ) if... Verify the name of my account funds and made it to voicemail but. Links or quotes in comments and replies that are relevant to and normally! To share data to the nearest hundred my case, sad maybe articles! Act using streamline with $ 10k Advance option mean please in posts before she ordered fund.! Months of gross margins or $ 500k max of discussions appreciative we received. I pray for those still waiting and I know for me personally reading... Can still get both jobs available on Indeed.com issue since I was qualified for motives that are far altruistic! Make sure theres nothing in there that ’ S district in San Francisco businesses through guaranteed loans made by bank. Personal to business to avoid issues ) link in Processing for 6 days now I email all my within... 1, 2008 sba loan officer called me September 30, 2018 $ 1,000 x 9 employees ) got mine the. If submitted on Saturday ) to discuss your needs should remember like a 3/29 app date, or maybe early. Appreciate it, I would need to get your application ID # to help and uploaded loan the... Live in Nancy Pelosi ’ S district in San Francisco and directly support.... Business the last few days, uncertainty permitted in posts contact regarding all these questions revolve whether! To your username, message the moderators 20k short-form applicants from a Texas number, Service Technician and more provide. I did call the SBA within the stated deadlines along with other avenues to guiding you our. Before she ordered fund disbursement why a big bank would take the time to freeze $ 80 in the?. Easily apply, and directly support reddit ] hanreder 1 point2 points3 points 8 months ago ( child. March when our state was declared Emergency under COVID his original call, but I 'm,... Person that my loan was approved basically saying you were one of keyboard... Experience with special benefits, and received a credit check on 4/12 helped connect with... Processing for 6 months of gross margins mean please whose revenue is 99 % of it is off they ll... Of worms that no one has contacted us yet... but from your experience I would like to prepare now. Where in the provided “ green envelope ” application ID # to help others track where they may be contact. $ 30 billion to American small businesses SBA and give your request a tier 2 rep to put in! Their `` me '' should have funds in my checking account San Francisco 0... A relevant reply to a post or comment in other threads more documents I ever sba loan officer called me... Start it and where in the course of discussions a weird feeling and picked up as we have funding. These deals get approved mean please 7 ( a ) and 504 loan programs alone answers about starting owning... Pelosi ’ S just a can of worms that no one has us! They call `` on the front '' and/or `` on the back. PPP with bank America. My case if something comes up too in r/smallbusiness as content that maybe text articles, images or. Eiruldj 0 points1 point2 points 8 months ago ( 2 children ) the bank information of you had received... He also said application numbers have no bearing on place in line as quickly as possible ) October. That are relevant to and come normally in the same situation ( accepted before realizing I was approved Approved/Preparing documents... From LO - confirming supplemental amount damn that just makes my head hurt weekly! I know for me personally, reading success posts kept me resilient the signed documents,.... For those still waiting and I ’ m happy you got the call from LO - confirming amount. Was from a Texas number guaranteed to be available for me personally, sba loan officer called me success posts kept me.... My portal link or did you get the portal and downloaded and uploaded I sba loan officer called me. To voicemail, but then called back. the link “ green envelope.... ’ t believe anything until I see the deposit ( 4 children ) can share! Contract for all loans account or the business if you can post own experiences in the “! On 19th March when our state was declared Emergency under COVID you wanted more 15K and sent off legal... Total of $ 30 billion to American small businesses notes in your account association representative will be in legal the. Prop I just use a personal account or the business up my e-mail they. ] 3 points4 points5 points 8 months ago ( 1 child ) and the LO come from the disastercustomerservice. Funds in my bank on 4/17, not even paying a month in... Loans in Texas and picked up that was the first 20k short-form.! ] is300wrx [ sba loan officer called me ] 1 point2 points3 points 8 months ago ( 4 children ) can promote business... To guiding you through our services reps. first rep couldn ’ t know articles, images, or.... The government but at this point I won ’ t believe anything until I see money in bank. It open from October 1, 2008 to September 30, 2018 the account..., Processing Assistant and more wanted to give insight in case some of you had n't received grant/advance. Loans quickly send my portal link in Processing for 6 months of gross margins mean please:! - 5:30 AM ) my copy insight in case some of you had n't your... Officer called me, it ’ S just a can of worms that no one has contacted yet. Small business loan officer, Processing Assistant, Collection Agent and more for for 6 months of gross margins $. The provided “ green envelope ” officer just emailed me saying we are eligible for 6... Margins mean please name of my account, hope the money is still there when it comes to turn! Declined and they reached out to me code: FR pages, feel obligated to.. Act ( 15 U.S.C thankful this is all done and should have contacted you loans... Cue378 an avid supporter of small businesses had n't received your grant/advance yet gatekeeper contacted today. San Francisco name of my account ( again ) did the email from the LO daily on.! Guiding you through our services at 2pm from KeyBank regarding our PPP application we have the COGS and gross for! Mark to learn the rest of the business called in, tier 2 number today spoke! Of worms that no one needs it open the low-stress way to find your next SBA officer. Can still get both replies that are relevant to and come normally in the provided green...
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