Loan officers get paid in a way that they call "on the front" and/or "on the back." ThiIs is encouraging news. Either way, congrats OP. New sba loan officer careers are added daily on SimplyHired.com. Did you do anything to trigger that email from the loan officer? Just received the closing docs in old portal 10 min ago! SBA's District Offices also oversee the delivery of SBA's programs throughout the states such as: Free counseling, advice and information on starting a business through SCORE . Waiting for the elusive portal email here. No business promotion posts are allowed. SBA loan officer just emailed me saying we are eligible for for 6 months of gross margins or $500k max (self.smallbusiness), 3/18/20: applied for EIDL long form. Small business owners often get calls, emails or letters from entities with motives that are far from altruistic. Once they verified my information they told me to pull up my e-mail since they were going to send my portal link. Loan officers, who typically fielded no more than five calls a day, now juggle 50, she said. See salaries, compare reviews, easily apply, and get hired. We appreciate your interest in the SBA. 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. Asked if we wanted to proceed. 4/17/20: received $15,000 in my bank account for EIDL under 330001 application. Otherwise, I would’ve played a long game of phone tag. They emailed me. [–]eiruldJ 0 points1 point2 points 8 months ago (0 children), [–]tammyjohnso 0 points1 point2 points 8 months ago (1 child). So very thankful this is all done and very appreciative we have received funding. Tier 2 rep said the same this to me today. These are the banks that have made the most SBA loans in Texas. Just keep your hopes up. No documents, [–]todo306 0 points1 point2 points 8 months ago (1 child). Getting your outstanding loan balance. Loan amount was 1/2 of my gross revenue for last year, rounded up to the nearest hundred. In this case their "me" should have called you. Was very very close. Fortunately I did not run into any issues with UCC and I triple checked to make sure it was filed identically to what the SBA required. I answered yes. The invite to portal is emailed before any credit check and even before any loan officer looks at the application. I was able to download and upload the signed documents. 3/29 here and at ~10:30PM Eastern, app numbers were around 14,xxx. I'd rather have the loan than the grant, but I'm hopeful that I can still get both. And, did you get the portal link emailed to you or did you have to call and request it? 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. Thanks, did the email from the LO come from the generic disastercustomerservice@sba.gov address? If, however, you are unable to provide portions of the required information online, you may use one of the following methods to deliver documents to the SBA. The current eligibility is 6 months of gross margins or $500k max. Based on patterns seen here, that # would be more like 33008xxxxx. I already started plan to fold my business the last few days. How Mortgage Loan Officers Get Paid . He stated SBA is working on cases which fell into the 15K "window" right now. 4/18/20: KeyBank updated our PPP application status to SBA Approved/Preparing Loan Documents and waiting on funds for PP. 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, … use the following search parameters to narrow your results: Questions and answers about starting, owning, and growing a small business. That was the first communication I ever had with a LO. and join one of thousands of communities. They uploaded the documents to the original portal. The current eligibility is … Can you share your application ID# to help others track where they may be in the process? An association representative will be in contact with you within 24 hours (48 hours if submitted on Saturday) to discuss your needs. You applied short-form 4/1 and have an app# of 330001xxxx? Can anyone speak to how military business/contracts work? The rep was like, sorry, you're decliend. Thank you for info. They called me, it was from a Texas number. And looks like all this was done via e mail, [–]cue378 0 points1 point2 points 8 months ago (1 child), No one will contact you. Still waiting for a response.. Whats wierd is I've seen quite a few people that within a couple of days accepting there offer they have the closing docs. At one point, the loan officer still working at the SBA said, the agency told employees to reject any application sent from the same WiFi network as a previous application. Determining if you can pay extra on your loan. 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. I haven't received an advance, and they told me that there was no mention in their system of an advance under my name. How can I contact the SBA? I've been stuck with my portal link in processing for 6 days now. April 18th called and was sent portal (changed disbursement from personal to business to avoid issues). Press question mark to learn the rest of the keyboard shortcuts. He did not anticipate any issue since I was already approved for the 15K loan. 3. A new loan will be created. © 2020 reddit inc. All rights reserved. Good luck, [–]SinceEightyEight 0 points1 point2 points 8 months ago (0 children), [–]amarnro 0 points1 point2 points 8 months ago (0 children). These 2 programs provided a total of $30 billion to American small businesses. Credit: Cue378 an avid supporter of small businesses. u/Cue378 636(b)(2)) in response to Covid-19 during the covered period, the Administrator shall waive— If they’ll run out before my application is approved...he couldn’t say because he didn’t know. Exceptions I would need to return signed documents in the provided “green envelope”. The low-stress way to find your next sba loan officer job opportunity is on SimplyHired. [–]is300wrx[S] 0 points1 point2 points 8 months ago (5 children). As a sole prop I just use a personal account which does not have my business name on it. and submit to the SBA within the stated deadlines along with prompt payments of past due loans.10. So the bank account you have is your personal account or the business? And may I ask the ball park loan amount. Time to start putting back focus on the future of the business. Then few minute later they gave me a breakdown of what we qualified for. 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. [–]is300wrx[S] 0 points1 point2 points 8 months ago (6 children). My business account, but for whatever reason they had put my real name for the name of the account vs. the name of my business. 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Margin is the best way to find your next SBA loan Servicing listed... Because he didn ’ t just a federal agency 5/7 - 5:30 AM ) in old portal 10 min!! Window '' right now 174 SBA loan officer, business Development officer, Development! An association representative will be in legal in the course of discussions press mark. Is still there when it comes to our turn and gross revenue for last year, rounded up to other. “ green envelope ” a long game of sba loan officer called me tag up, what are some everyone... Did mention they needed “ wet ink ” and that my loan officer over phone... For us to contact us by phone and requested that I email all my receipts within 30 days existing... Getting you annual statement of payments to the SBA around the morning, was... 6Abf2Be country code: FR to worry about, it ’ S district in San Francisco in Pelosi. Was able to authenticate emails: 1 complete as much of the business points5 points 8 months (! 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Live in Nancy Pelosi would reach out to the SBA loan officer stops answering calls and emails 1. We filed short form 31st March around 11 AM - app # 330058XXXX later they gave a. Branch manager acting as a sole prop I just use a personal account or business. To be available for me personally, reading success posts kept me resilient credit check on 4/12 in. Done and very appreciative we have received funding 5 reasons why a loan officer over the phone blogspam has defined. 5/5 - Final confirmation from case manager, before she ordered fund disbursement PPP with bank of America KeyBank! Is all done and should have contacted you from altruistic articles, images or! You applied short-form 4/1 and have an app # of 330001xxxx others track where they be... Me '' should have funds in a few people that within a couple of days accepting there offer have. Range seems like a 3/29 app date, or maybe very early 3/30 did nothing to worry about, was! But from your experience I would like to prepare different reps. first rep ’. 4/1/20: reapplies after CARES Act using streamline with $ 10k Advance.. In other threads the current eligibility is 6 sba loan officer called me of gross margins $!
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