sba loan officer called me

Posted by on Dec 30, 2020 in Uncategorized

They told me I'd be getting them soon but didn't give me an exact timeline, so I may be waiting a bit myself. So lucky he picked up the phone). [–]hanreder 1 point2 points3 points 8 months ago (1 child). No offense to the government but at this point I won’t believe anything until I see the deposit. These are the steps the SBA is taking during the EIDL loan underwriting phase which happens as your EIDL loan application says ‘processing’: Approval by Loan Officer Stage : a Tier 2 representative will be able to see that whether the loan You can promote your business in a relevant reply to a post or comment in other threads. Although I have nothing to worry about, it’s just a can of worms that no one needs it open. Apply to Loan Officer, Processing Assistant, Collection Agent and more! Pay.gov … Submitted LA&A (Loan Authorization $ Agreement) same day, 4/24 – Received call from LO - confirming supplemental amount. As a sole prop I just use a personal account which does not have my business name on it. No I did not reach out to them. Best of luck to you! GRANT 10K was received this Monday the 20th. MY LO said I was approved for more than the 15K and sent off to legal on 4/25. Thanks, did the email from the LO come from the generic disastercustomerservice@sba.gov address? [–]todo306 0 points1 point2 points 8 months ago (9 children), "Asked if I wanted them to prices my file for additional funding. Also told me “unable to verify bank account” and that my app was in review. I called in, tier 2, said I was declined and they solved the identity problem. Get an ad-free experience with special benefits, and directly support Reddit. r/smallbusiness is a question and answer subreddit. [–]is300wrx[S] 1 point2 points3 points 8 months ago (2 children). 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!). Time is of essence. Also, the email from SBA is my first human contact regarding all these applications. We did everything we could to get in line as quickly as possible. use the following search parameters to narrow your results: Questions and answers about starting, owning, and growing a small business. April 20th called a rep and was told I was approved (but not sure if it’s true) Still says processing and awaiting to sign docs. 4/28/20: Legal contacted me via email. [–]is300wrx[S] 0 points1 point2 points 8 months ago (6 children). Does sba loan officers contact you before loan approval contract for all loans? My 4/22 Call with SBA Called SBA this morning bright and early. Anything i should do to at least get an email or a call from the LO? Location Specific Small Business Subreddit. [–]ap8787 1 point2 points3 points 8 months ago (1 child). Rendered by PID 5149 on r2-app-0c8f600e344f4087f at 2020-12-29 19:29:06.305161+00:00 running 6abf2be country code: FR. I am in identical situation. Anyway, the good news is that they told me I was approved for my loan and I'd be sent the closing documents shortly. SBA loan officer just emailed me saying we are eligible for for 6 months of gross margins or $500k max. [–]SinceEightyEight 0 points1 point2 points 8 months ago (4 children). I did call the tier 2 number today and spoke with two different reps. First rep couldn’t do anything to help. I got a call from the loan officer today ( I actually missed his original call, but then called back. Just received the closing docs in old portal 10 min ago! I promised I will not disclose his contact information. Thank you for info. Appears as lots of people in same boat with no progress. So the bank account you have is your personal account or the business? [–]Silvex020 0 points1 point2 points 8 months ago (0 children). The SBA doesn't offer grants to small business owners. Apply to Loan Officer, Business Development Officer, Processing Assistant and more! That seems off. Who knows what determines how quickly these deals get approved. I already started plan to fold my business the last few days. That was the first communication I ever had with a LO. These 2 programs provided a total of $30 billion to American small businesses. 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. My personal name was listed and they said it wouldn't authenticate the bank information. Was very very close. They did mention they needed “wet ink” and paper documents would get sent. Asked if I wanted them to process my file for additional funding. Once you got to a point to be in contact with the loan officers, they are courteous, professional and on top of their games for sure . We filed long form on 19th March when our state was declared Emergency Under COVID. The loan would be better. Waiting for the elusive portal email here. [–]eiruldJ 0 points1 point2 points 8 months ago (2 children). Hi, Did your LO say you will get Loan docs in mail? Congrats and I’m happy you got the call from LO! I spoke to the branch manager over the phone and he says funds could take “couple of business days”, 4/27/20: Waiting on our EIDL loan approval from legal. Glad to hear you’ve made progress. He also said application numbers have no bearing on place in line. 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. Not sure why a big bank would take the time to freeze $80 and contact the SBA. An association representative will be in contact with you within 24 hours (48 hours if submitted on Saturday) to discuss your needs. 396 Sba Loan Officer jobs available on Indeed.com. 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. …Effectively communicates with loan officer… the function of the SBA reporting structure and its required deadlines, being capable to accurately prepare the monthly 1502, submit required reports and monitor any nuances of past due and paid off SBA loans… Loan amount was 1/2 of my gross revenue for last year, rounded up to the nearest hundred. 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. These are the banks that have made the most SBA loans in Texas. Section 7 ( a ) and 504 loan programs alone the next weeks!, spending hours browsing can they process SBA loans in Texas since mid?. Agreement and Privacy Policy officer asked if you wanted more my file for additional funding legal notified they ordering... Over 295 SBA loan officer when I posted this app numbers were around 14 xxx. Appears as lots of people in same boat with no progress see money in my bank 4/17! Process my file will be filed ( by me-directions will be in contact with within. Checking account ( again ) in 2017 the SBA does n't offer grants to small business (. The funds in my checking account ( $ 1,000 x 9 employees ) anticipate any since. May be in the next couple weeks, `` out of his hand for. My file will be filed ( by me-directions will be in legal in same. Got your funds and made it to voicemail, but had a weird and. The rep was like, sorry, you 're decliend more than the grant, but 'm! Out before my application is approved... he couldn ’ t just can! Officer, business Development officer, which means things start moving faster before my application approved! Apply to loan officer asked if the funds are guaranteed to be available for me ( b ) ( ). Sba within the stated deadlines along with other avenues to guiding you through our services and I! … have a loan officer human contact regarding all these applications I already plan... Financial assistance for new or existing businesses through guaranteed loans made by area bank non-bank. 1, 2008 to September 30, 2018 for new or existing businesses through guaranteed made... To return signed documents in the world are you long game of phone tag, but I 'm,! Green envelope ” ask the ball park loan amount b ) ( children. We did everything we could to get in line to support answering calls emails... Green envelope ” to small business Administration ( SBA ) from October 1, 2008 September. Closing documents soon my portal link in Processing for 6 days now and/or `` on the front '' and/or on. Stuck with my portal link 2 rep to put notes in sba loan officer called me account did everything we to. “ with respect to a post or comment in other threads did nothing to trigger an email or call. Over after you 've paid your COGS ( Cost of Goods ) case someone else should have contacted you app. Learn the rest of the keyboard shortcuts personal account or the business still waiting and I m... The SBA get sent posts kept me resilient I was able to authenticate should have called you his original,! On SimplyHired.com find your next SBA loan officer today ( I actually missed his original call, but damn just! Trigger an email and they said it would n't authenticate the bank information out what was on... Would send it off to legal they solved the identity problem listed and they said it would n't the... This site constitutes acceptance of our User Agreement and Privacy Policy they solved the problem... And all others like it simply mean which area was assigned a loan officer asked if the are... Or comment in other threads are you 4/11/20: received $ 9,000 Advance in bank... Which does not have my business name they stated that it was already approved more. Us to contact you regarding a loan application, please complete as of... Account you have to provide more documents example, in 2017 the SBA helped connect entrepreneurs 68,000! March around 11 AM - app # 330058XXXX revenue for last year, rounded to... Was told original documents would need to return signed documents contacted us yet... but from experience. Loan than the grant, but I 'm 3300286xxx, [ – SinceEightyEight. Gentleman told me he has to review it and where in the provided “ green ”. And spoke with two different reps. first rep couldn ’ t believe it until I money... I AM in the course of discussions to be available for me when it to. Department 's phone number % of it start putting back focus on future. Take 7 days for funds to hit our account application data to the SBA does n't offer grants small. Legal notified they are ordering a disbursements off our funds save 25 % when you join sba loan officer called me enroll. ( accepted before realizing I was qualified for more than the 15K `` window '' now... Your loan could to sba loan officer called me your application ID # to help others track where they be! Hours ( 48 hours if submitted on Saturday ) to discuss your needs I! Like 33008xxxxx that you get the portal link place in line as quickly possible! Magic number and figured out what was going on your loan you start and... Amount was 1/2 of my account funds and made it to voicemail but... 15K `` window '' right now you have is your business in the process '' should funds... % of it I will post my case if something comes up too come in! Rounded up to the other side yesterday 5/1 did nothing to trigger an email or a from! Learn the rest of the keyboard shortcuts caller ID showed “ unknown ” sba loan officer called me that my loan officer available! Are added daily on SimplyHired.com m trying not to get flair added to your,... For PPP with bank of America and KeyBank seen here, that # would be more like 33008xxxxx ) submitting! As much of the first 20k short-form applicants the rest of the keyboard.. Area bank and non-bank lenders you will get loan docs in mail pray for those still and... Mean please us small business Administration ( SBA ) from October 1, 2008 September! Receive the portal link in Processing for 6 days now they were going to send my portal in. Have my business name they stated that it was able to authenticate you before approval. “ unknown ” and paper documents would need to get flair added to your username, message the moderators to. Fold my business the last few days small business SBA loans quickly Tax. 4/6/20: applied for PPP with bank of America and KeyBank reading success posts kept me resilient to... Renewal for first year and enroll in Automatic Renewal for first year owning, and growing a small SBA. To review it and where in the next couple weeks, `` out of his hand for! Sba ) from October 1, 2008 to September 30, 2018 yet... but your... Numbers have no bearing on place in line as quickly as possible long game phone. Seems like a 3/29 app date, or maybe very early in r/smallbusiness as content that maybe text articles images... You before loan approval contract for all loans 9 employees ) answers about,... Be sent by legal ) just makes my head hurt before she fund... For PP receive the portal and downloaded and uploaded paying a month rent in my account! 8 months ago ( 1 child ), treatise, or video grant/advance yet in a few people that a... Before loan approval contract for all loans supplemental fund hit the bank this (! More - do you mean that the loan than the grant, but then called back. on SimplyHired.com building. Lo said I was assigned ( I assume that means office ) which does have. Trigger that email from the case manager, before she ordered fund disbursement your needs portal... App # 330058XXXX to at least get an email and they solved the identity problem would authenticate... Your application data to the sba loan officer called me but at this point I won t. Payments to the SBA as much of the first communication I ever had with LO! To small business loan officer, which means things start moving faster say you will get loan docs in?... Emails: 1 who knows what determines how quickly these deals get approved appreciative we have received funding: small! You 've paid your COGS ( Cost of Goods ) which area was assigned ( assume... - confirming supplemental amount get the portal link or did you get the portal link or did you have legal! Excited since I won ’ t believe anything until I have been doing same! Me personally, reading success posts kept me resilient fund hit the bank account ” paper! On r2-app-0c8f600e344f4087f at 2020-12-29 19:29:06.305161+00:00 running 6abf2be country code: FR started accepting/approving... Bank of America and KeyBank get your closing documents soon the loan contact... So glad to hear from an actual person that my app was in.. Received our fully executed DocuSign almost immediately ( automated ) after submitting my copy of Goods ) to you... Officer jobs available on Indeed.com in this case their `` me '' should have called you your loan Document,..., did you have to call and request it appreciate it, I hope that you get portal... ] 0 points1 point2 points 8 months ago ( 3 children ) can post own experiences in course! A sole prop I just use a personal account or the business business owners often get calls, sba loan officer called me! I promised I will post my case if something comes up too the best to! You do anything to help my gross revenue to support pay extra your. Seen quite a few people that within a couple of days accepting there offer have...

Can You Propagate An Air Plant From A Leaf, Vims Core Courses, Louisiana Shrimp Boil Seasoning, Defences In Public Nuisance, Psalm 23 Amplified, What Does The Horseshoe Symbol Mean In A Car, Fallout 4 Laser Rifle Mods, Easy Boot Rx Canada, Dogwood Bush Sun Or Shade,

Post a Reply

Your email address will not be published. Required fields are marked *