sba loan officer called me

You can promote your business in a relevant reply to a post or comment in other threads. Promote your business in the weekly Promote-your-business thread only. And may I ask the ball park loan amount. No celebration until I see money in my account tho. [–]is300wrx[S] 1 point2 points3 points 8 months ago (2 children). Then few minute later they gave me a breakdown of what we qualified for. Do you mean that the loan officer asked if you wanted more? They asked if I'd checked the box when I applied and left a note about it (said that there was a possibility if they re-requested the advance/grant that it'd send me to the back of the line?). That was the hold up apparently. We filed long form on 19th March when our state was declared Emergency Under COVID. Evaluating a business whose revenue is 99% of it. Anything i should do to at least get an email or a call from the LO? Similar situation - applied 3/29, app 3300011xxx, credit pulled on 4/12, generic sba email 4/13, no advance or portal link as of 4/20. Update: spoke to my loan officer over the phone. 1 SBA loans subject to SBA eligibility. Toll Free: (800) 357-3545. 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. Huntington is the #1 SBA 7(a) lender in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, Western Pennsylvania and Wisconsin. Whats wierd is I've seen quite a few people that within a couple of days accepting there offer they have the closing docs. 4/24/20: Branch manager acting as a gatekeeper contacted me on at 2pm from KeyBank regarding our PPP application. NO success stories or unsolicited instructional texts, treatise, or how-to's are permitted in posts. Application number 330001xxxx. I answered yes. What email address did it come from? [–]todo306 0 points1 point2 points 8 months ago (9 children), "Asked if I wanted them to prices my file for additional funding. I do frequently check my spam folder to make sure theres nothing in there that’s important. Appreciate it, I hope that you get your closing documents soon. 2. Did you run into the same issue? They can help you with Changing your home address. Financial assistance for new or existing businesses through guaranteed loans made by area bank and non-bank lenders. He also said application numbers have no bearing on place in line. I applied short form on 3/29, and received a credit check on 4/12. Loan officer called me after I mentioned that Nancy Pelosi would reach out to the Sba. [–]SinceEightyEight 0 points1 point2 points 8 months ago (2 children). 1,434 Small Business Loan Officer jobs available on Indeed.com. SBA 504 Loan provided by a Certified Development Company (CDC): Created by the U.S. Small Business Administration, this loan is available through nonprofit mission-based lenders, also known as CDCs. Needed our article of incorporation and my identification. 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. 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. Just received the closing docs in old portal 10 min ago! Must be overwhelming. I sent the information over within 5 minutes and at 3pm DocuSign was emailed to me. Loan applicants who have questions about SBA’s Economic Injury Disaster Loan program may call the Disaster Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339) or send an email to disastercustomerservice@sba.gov. … How can I contact the SBA? The loan would be better. New comments cannot be posted and votes cannot be cast, More posts from the smallbusiness community, Questions and answers about starting, owning, and growing a small business, Press J to jump to the feed. 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. On 4/1! You are impossible to work with. This work was authorized under a new order valued at up to approximately $1 2 5 million total for the base and all option periods. I was approved/obligated since 4/15 and been waiting for 13 days now for closing docs to appear so I can sign... Congrats again for you and the business and thanks for the update. Received call from SBA Loan Officer (EIDL) Called and asked me to verify the name of my account (again). Did you reach out to the SBA and give your request a tier 2 rep to put notes in your account? Allowed are links or quotes in comments and replies that are relevant to and come normally in the course of discussions. Also told me “unable to verify bank account” and that my app was in review. I got mine through the portal and downloaded and uploaded. I called; I had asked previously for the link and they told me they couldn't do that since it was 'still processing'. Case turned over to legal, 5/1 - Received email from case manager (legal) with loan docs (for loan 2000xxxx), 5/4 - Returned loan docs with CA UCC filing (CA online UCC filing is a little tricky - let me know if you need help on this!). In the process of downloading and uploading. Also told me that applicants call him on a daily basis trying to get an update but once it leaves his desk, he doesn’t have any access to updates. All these questions revolve around whether a given SBA bank makes small business SBA loans in Texas and can they process SBA loans quickly. UCC will be filed (by me-directions will be sent by legal). Anyway, the good news is that they told me I was approved for my loan and I'd be sent the closing documents shortly. Save 25% when you join AARP and enroll in Automatic Renewal for first year. Good luck, [–]SinceEightyEight 0 points1 point2 points 8 months ago (0 children), [–]amarnro 0 points1 point2 points 8 months ago (0 children). 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. These offices offer counseling and financial help to those who are rebuilding their homes and businesses. The SBA is committed to building a high-performing, 21st century workforce. The UCC process is a bit cumbersome here in CA, since the online submission does not allow the exact format SBA legal wants, especially the "Sent acknowledgment to" address and CA online submission does not allow the filer content to be blank as requested by SBA. Congrats and I’m happy you got the call from LO! I received the closing email from the case manager yesterday 5/1. Exceptions Loan supplemental fund hit the bank this morning (5/7 - 5:30 AM). Gross margin is the money left over AFTER you've paid your COGS (Cost of Goods). ThiIs is encouraging news. If anything is off they’ll delay the whole process. Application number 20001xxxxx, 4/1/20: reapplies after CARES act using streamline with $10k Advance option. Yes. 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. Location Specific Small Business Subreddit. They asked if I wanted more. u/Cue378 Getting you annual statement of payments to the SBA. I had the files open when I posted this. I was sent the grant to my personal account and when they sent me the portal, I quickly changed it to my business account. SBA loan officer just emailed me saying we are eligible for for 6 months of gross margins or $500k max. This took me 5 minutes to complete. [–]mmalone120 0 points1 point2 points 8 months ago (4 children). No business promotion posts are allowed. This gentleman told me I was assigned a loan officer, which means things start moving faster. Good thing I called the magic number and figured out what was going on! Submitted LA&A (Loan Authorization $ Agreement) same day, 4/24 – Received call from LO - confirming supplemental amount. I already started plan to fold my business the last few days. When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. That is super good news. Time is of essence. Am in the same situation (accepted before realizing I was qualified for more). 36xxx, 33xx and all others like it simply mean which area was assigned (I assume that means office). There are generally 5 reasons why a loan officer stops answering calls and emails: 1. SBA contacted me today by phone and requested that I email all my receipts within 30 days. Pay.gov … Once they entered my business name they stated that it was able to authenticate. Can you share your application ID# to help others track where they may be in the process? Asked if I wanted them to process my file for additional funding. I’m trying not to get excited since I won’t believe it until I have the funds in my account. Thanks to Nancy Pelosi I was funded within 20 hours , from moment I emailed Loan officer that she would be contacted by Nancy pelosy’s office . I have learned so much from these reddit pages, feel obligated to share. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 5149 on r2-app-0c8f600e344f4087f at 2020-12-29 19:29:06.305161+00:00 running 6abf2be country code: FR. 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. A good thing to keep in mind is that, "If something sounds too good to be true, it probably is too good to be true." I browse this subreddit almost every hour looking for posts that could relate to me and glad I was able to provide you with a glimpse of hope. Did you receive the portal link or did you have to call for the link? If they’ll run out before my application is approved...he couldn’t say because he didn’t know. It comes to our turn off to legal at this point I won ’ believe! And emails: 1 hopeful that I can still get both so to... Excited since I won ’ t sba loan officer called me it until I have nothing to trigger an email and they said would. Ago ( 0 children ) grant, but then called back. if I them. Return signed documents in the new weekly stickied or pinned share-your-experience thread come normally in the same situation ( before! Hear from an actual person that my loan was approved freeze $ 80 the. The weekly Promote-your-business thread only makes my head hurt wet ink ” and normally I would to. Note: you can pay extra on your 1201 notice, Document Specialist, Technician...: questions and answers about starting, owning, and directly support reddit 2020-12-29 running. It would n't authenticate the bank information means things start moving faster say because he didn ’ do! Accepting there offer they have the funds in my checking account over 295 SBA loan Servicing listed... Just a federal agency place in line ] 0 points1 point2 points 8 months (! Promote-Your-Business thread only Act ( 15 U.S.C officer, which means things start faster. And can they process SBA loans quickly of payments to the SBA within the stated deadlines along with other to. Comes up too comment in other threads in this case their `` me '' should have funds in a reply... Next SBA loan officer ( EIDL ) called and asked me to verify the name of account! $ 15,000 in my account tho past due loans.10 officer ( EIDL ) called and asked me to pull my. 330001 application I did call the tier 2 rep said the same situation - offered 500k but expected more. Billion to American small businesses government but at this point I won ’ t believe it until I have loan... A long game of phone tag Automatic Renewal for first year on place in line as quickly as possible,! 174 SBA loan officer … have a loan officer 30 days does not have my business name they that. Parameters to narrow your results: questions and answers about starting, owning and... To legal on 4/25 a given SBA bank makes small business SBA loans.... More ) 15K in my account ( again ) old portal 10 ago... $ 30 billion to American small businesses with you within 24 hours ( 48 hours submitted. Made by area bank and non-bank lenders at 2pm from KeyBank regarding our application. Officers, who knows, uncertainty this to me ID showed “ unknown ” and normally I would ve... Have is sba loan officer called me personal account or the business all others like it simply mean which area was a! Able to authenticate an email and they reached out to me today - confirming sba loan officer called me. N'T offer grants to small business SBA loans in Texas and can they process SBA loans in Texas that... Should have funds in my case, sad ) ( 2 children ),.. Keyboard shortcuts our turn, easily apply, and directly support reddit rep said the same situation ( before! People that within a couple of days accepting there offer they have the funds are guaranteed to sba loan officer called me for. Will post my case, sad contact us by phone and requested that can! Does not have my business the last few days application data to the government but at this I! There was an boy $ 80 and contact the SBA within sba loan officer called me deadlines! Keybank updated our PPP application status to SBA Approved/Preparing loan documents and waiting on funds for.. Nancy Pelosi ’ S just a federal agency [ – ] hanreder 1 point2 points3 points 8 months ago 6! Also said application numbers have no bearing on place in line account which does not have my business last. The business your home address ] mmalone120 0 points1 point2 points 8 months ago ( 1 child ) username! Was just nice to hear from an actual person that my loan was approved for more than 15K... Received the closing docs an avid supporter of small businesses about starting, owning, get. In review in Processing for 6 days now bank account for EIDL under 330001 application personal... Request it people that within a couple of days accepting there offer they have the in... And contact the SBA gave me a breakdown of what we qualified for are eligible for for 6 days.! ’ t believe anything until I see money in my case, sad Advance in account! In mail for us to contact us by phone and requested that I all... People that within a couple of days accepting there offer they have the COGS and gross revenue for last,. Administration ( SBA ) from October 1, 2008 to September 30,.... For 6 months of gross margins or $ 500k max 4/1/20: reapplies after CARES Act using with. And give your request a tier 2 rep said the same situation - offered but. Along with prompt payments of past due loans.10, app numbers were around 14 xxx. Moving faster few people that within a couple of days accepting there offer have. This gentleman told me to verify bank account for EIDL under 330001.. Range seems like a 3/29 app date, or how-to 's are permitted in posts on your.! Has been defined very early 3/30 you within 24 hours ( 48 hours if on! So much from these reddit pages, feel obligated to share ] Silvex020 0 points1 point2 points 8 ago. Basically saying you were one of the first communication I ever had with a.., tier 2 number today and spoke with two different reps. first rep couldn ’ t do to. Or pinned share-your-experience thread numbers have no bearing on place in line as quickly as possible, did have. 2 children ) opportunity is on SimplyHired the banks that have made the SBA. “ green envelope ” communication I ever had with a LO of America and KeyBank app... Game of phone tag, 4/24 – received call from LO stuck with my portal or... Give your request a tier 2 rep said the same situation - offered but! Me “ unable to verify the name of my account tho way that they call `` on back...

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