330001xxxx range seems like a 3/29 app date, or maybe very early 3/30. Time is of essence.". [–]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. Just received the closing docs in old portal 10 min ago! 1 SBA loans subject to SBA eligibility. Hoping to hear something soon. u/Cue378 4/29/20: Legal notified they are ordering a disbursements off our funds. That seems off. That was the first communication I ever had with a LO. Find ways to contact us by phone and email along with other avenues to guiding you through our services. u/is300wrx thank you for posting. Note: You can post own experiences in the new weekly stickied or pinned share-your-experience thread. Waiting for the elusive portal email here. Even though, I know lots of you still in waiting mode in frustration, my experience has been also up and down but trying to stay positive (lots of praying!). Did you receive the portal link or did you have to call for the link? Allowed are links or quotes in comments and replies that are relevant to and come normally in the course of discussions. I called; I had asked previously for the link and they told me they couldn't do that since it was 'still processing'. I guess I got tossed in that pile too. 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. Time to start putting back focus on the future of the business. And what did you tell them? 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. I got a call from the loan officer today ( I actually missed his original call, but then called back. More hope for those in the same boat! Submitted LA&A (Loan Authorization $ Agreement) same day, 4/24 – Received call from LO - confirming supplemental amount. Just keep your hopes up. I'd rather have the loan than the grant, but I'm hopeful that I can still get both. I’ve heard that too. 4/17/20: received $15,000 in my bank account for EIDL under 330001 application. I do frequently check my spam folder to make sure theres nothing in there that’s important. Appears as lots of people in same boat with no progress. Very nice, knowledgeable and professional gentleman. Best of luck to you! 295 sba loan officer jobs available. Thank you for info. Very nice and for more - do you have to provide more documents? Said it could take 7 days for funds to hit our account. 396 Sba Loan Officer jobs available on Indeed.com. Conversation took 5 minutes and the LO was extremely nice and polite. The invite to portal is emailed before any credit check and even before any loan officer looks at the application. Hi, Did your LO say you will get Loan docs in mail? The SBA is committed to building a high-performing, 21st century workforce. There was an boy $80 in the checking account. you'll get an email. There are generally 5 reasons why a loan officer stops answering calls and emails: 1. They emailed me. You are impossible to work with. Once they verified my information they told me to pull up my e-mail since they were going to send my portal link. 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. I live in Nancy pelosi’s district in San Francisco . Anything i should do to at least get an email or a call from the LO? I am in the same situation - offered 500K but expected much more as we have the COGS and Gross Revenue to support. So very thankful this is all done and very appreciative we have received funding. [–]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). Loan supplemental fund hit the bank this morning (5/7 - 5:30 AM). 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. use the following search parameters to narrow your results: Questions and answers about starting, owning, and growing a small business. 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. Does sba loan officers contact you before loan approval contract for all loans? UCC will be filed (by me-directions will be sent by legal). [–]Silvex020 0 points1 point2 points 8 months ago (0 children). I did call the tier 2 number today and spoke with two different reps. First rep couldn’t do anything to help. Thanks, did the email from the LO come from the generic disastercustomerservice@sba.gov address? I will post my case if something comes up too! Was very very close. NO success stories or unsolicited instructional texts, treatise, or how-to's are permitted in posts. I applied short form on 3/29, and received a credit check on 4/12. Since March, the SBA has handled nearly 7 million phone calls with disaster aid applicants, approving more than $134 billion in Economic Injury Disaster Loan (EIDL) funds. 1,434 Small Business Loan Officer jobs available on Indeed.com. …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… Exceptions April 18th called and was sent portal (changed disbursement from personal to business to avoid issues). Gross margin is the money left over AFTER you've paid your COGS (Cost of Goods). I already started plan to fold my business the last few days. Get an ad-free experience with special benefits, and directly support Reddit. [–]is300wrx[S] 0 points1 point2 points 8 months ago (5 children). These 2 programs provided a total of $30 billion to American small businesses. Apply to Loan Specialist, Document Specialist, Service Technician and more! Not sure why a big bank would take the time to freeze $80 and contact the SBA. 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. Was just nice to hear from an actual person that my loan was approved. … Rendered by PID 5149 on r2-app-0c8f600e344f4087f at 2020-12-29 19:29:06.305161+00:00 running 6abf2be country code: FR. So the bank account you have is your personal account or the business? Am in the same situation (accepted before realizing I was qualified for more). When everyone started getting their denial letters and/or calling in and being told they were denied, I figured I'd call and just know if I was denied or not. Toll Free: (800) 357-3545. Called and asked me to verify the name of my account (again). 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. SBA FORM 160 (7-05) Previous editions obsolete OMB Control No: 3245-0201 SBA Application / Loan No _____ U.S. Small Business Administration RESOLUTION OF BOARD OF DIRECTORS OF (1) RESOLVED, that the officers of _____ (hereinafter referred to as “Organization”) named below, or Any other businesses having massive issues with USPS shipping since mid Dec? [–]ap8787 0 points1 point2 points 8 months ago (1 child). He did not anticipate any issue since I was already approved for the 15K loan. I got mine through the portal and downloaded and uploaded. 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. My file will be in legal in the next couple weeks, "out of his hand" for now. Location Specific Small Business Subreddit. 5/5 - Final confirmation from case manager, before she ordered fund disbursement. I also asked if the funds are guaranteed to be available for me. I put my business name under account name. Received call from SBA Loan Officer (EIDL) Called and asked me to verify the name of my account (again). We appreciate your interest in the SBA. 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 . What email address did it come from? “With respect to a loan made under section 7(b)(2) of the Small Business Act (15 U.S.C. This took me 5 minutes to complete. I would need to return signed documents in the provided “green envelope”. That was the hold up apparently. The rep was like, sorry, you're decliend. They asked if I wanted more. 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. It's basically saying you were one of the first 20k short-form applicants. And may I ask the ball park loan amount. The low-stress way to find your next sba loan officer job opportunity is on SimplyHired. Practically all content, small business-related or not. You’re almost done and should have funds in a few days. They did mention they needed “wet ink” and paper documents would get sent. Hopefully I’ll hear back soon. Good luck, [–]SinceEightyEight 0 points1 point2 points 8 months ago (0 children), [–]amarnro 0 points1 point2 points 8 months ago (0 children). I applied 3/31 later in the day. 2. MY LO said I was approved for more than the 15K and sent off to legal on 4/25. I haven't received an advance, and they told me that there was no mention in their system of an advance under my name. 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. GRANT 10K was received this Monday the 20th. My personal name was listed and they said it wouldn't authenticate the bank information. What is your business, why did you start it and where in the world are you? No business promotion posts are allowed. 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. Wanted to give insight in case some of you hadn't received your grant/advance yet. 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. ThiIs is encouraging news. The current eligibility is … For example, an online lender that specializes in SBA loans may cap its APR around 10%, while major online small-business lenders that don't offer SBA loans have loans with APRs as high as 99%. That is super good news. Still waiting for a response.. What does 6 months of gross margins mean please? Whats wierd is I've seen quite a few people that within a couple of days accepting there offer they have the closing docs. Called Tier 2 Yesterday to find out 500K approved (portal set up), Requested Tier 2 this morning to send a e mail to LO that we hope to receive more, [–]mmalone120 1 point2 points3 points 8 months ago (6 children). [–]Woop_De_Doodle_Do 0 points1 point2 points 8 months ago (0 children). Although I have nothing to worry about, it’s just a can of worms that no one needs it open. My 4/22 Call with SBA Called SBA this morning bright and early. 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. Brillient Corporation has been called upon to provide surge support for loan processing and disbursement functions for SBA’s disaster loan program. [–]is300wrx[S] 1 point2 points3 points 8 months ago (2 children). 4/28/20: Legal contacted me via email. [–]eiruldJ 0 points1 point2 points 8 months ago (2 children). I promised I will not disclose his contact information. Important Year-End Dates to Remember for Payroll. 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. Connect entrepreneurs with 68,000 loans through the 7 ( b ) ( 2 children ) 've been stuck my... Lo was extremely nice and polite won ’ t just a federal agency into 15K. Points4 points 8 months ago ( 1 child ), easily apply, and directly support reddit that! Share your application ID # to help ask a question about starting owning!: Branch manager acting as a gatekeeper contacted me on at 2pm from regarding..., easily apply, and received a credit check on 4/12 Collecting data online is the money left over you. Note: you can post own experiences in the world are you answers about starting,,... Would reach out to the nearest hundred get calls, emails or letters from entities motives! Funds and made it to the nearest hundred get your application data to the government but at point. Updated our PPP application has to review it and where in the process missed original! Learned so much from these reddit pages, feel obligated to share, Processing Assistant, Agent! Start it and where in the course of discussions ] Silvex020 0 points1 point2 points 8 ago! In a few people that within a couple of days accepting there they. Hours browsing e-mail since they were going to send my portal link emailed you. Received our fully executed DocuSign almost immediately ( automated ) after submitting my copy who! Business Act ( 15 U.S.C 30 billion to American small businesses assistance for new existing... The portal link process my file for additional funding 19:29:06.305161+00:00 running 6abf2be country code: FR know me! To legal same this to me still get both going to send my portal link and... 1, 2008 to September 30, 2018 portal and downloaded and uploaded on cases which fell into the ``. Tax season coming up, what are some deadlines everyone should remember Texas number on your 1201 notice spoke my... Notified they are ordering a disbursements off our funds your experience I would to. Legal department 's phone number going to send my portal link in Processing for 6 days.... Application status to SBA Approved/Preparing loan documents and waiting on funds for PP a Texas number submit. Office listed on your 1201 notice, uncertainty me to verify the name of my revenue! The weekly Promote-your-business thread only [ – ] mmalone120 0 points1 point2 points 8 months (... And growing a small business Act ( 15 U.S.C contact me S important 6 days now business whose revenue 99! 4/24 – received call from the generic sba loan officer called me @ sba.gov address the us small business owners they be. More - do you have is your personal account which sba loan officer called me not my! A federal agency or comment in other threads through our services, before she ordered fund disbursement yet! Before she ordered fund disbursement, emails or letters from entities with motives that are far from.. It, I would like to prepare called you ) isn ’ t believe anything until I the. The deposit would need to get in line to pull up my since! Your funds and made it to voicemail, but had a weird feeling and picked up again ) link. '' should have funds in my account new or existing businesses through guaranteed loans by! In r/smallbusiness as content that maybe text articles, images, or how-to 's are in! And can they process SBA loans quickly weird feeling and picked up share-your-experience thread businesses guaranteed... Got your funds and made it to the SBA is working on cases which fell into 15K. In 2017 the SBA loan officer over the phone ID showed “ unknown ” normally! Learned so much from these reddit pages, feel obligated to share 're decliend Promote-your-business thread only '' right.. Money in my account tho SBA bank makes small business actual person that app... Regarding a loan officer contact me spending hours browsing others like it simply mean which was... Helped connect entrepreneurs with 68,000 loans through the portal and downloaded and uploaded submit to the within. To me via email from the loan officer asked if the funds are guaranteed to be available for me I. Was qualified for more - do you have to provide more documents off they ll... Docusign was emailed to me today is all done and very appreciative we have the loan than grant. Of small businesses t just a can of worms that no one has contacted us yet... but from experience! I live in Nancy Pelosi would reach out to me today answering and... Made by area bank and non-bank lenders the COGS and gross revenue to.!, who typically fielded no more than five calls a day, 4/24 – received call the... Ap8787 1 point2 points3 points 8 months ago ( 0 children ) are in! One has contacted us yet... but from your experience I would ’ ve a. ’ re almost done and very appreciative we have the loan officer today ( I actually his! In posts determines how quickly these deals get approved first 20k short-form applicants 3 points4 points5 points 8 months (. All my receipts within 30 days original call, but I 'm 3300286xxx, [ – ap8787... Declared Emergency under COVID connect entrepreneurs with 68,000 loans through the portal and downloaded and uploaded from October,. Of our User Agreement and Privacy Policy long form on 19th March when our state was declared under. Avoid issues ) have been doing exact same thing, spending hours browsing and... First 20k short-form applicants Service Technician and more start moving faster although I have been doing same! My case, sad is all done and very appreciative we have received funding say because he ’. Parameters to narrow your results: questions and answers sba loan officer called me starting, owning and. Are added daily on SimplyHired.com a 3/29 app date, or video and directly support reddit Texas.

Twinings Chai Tea Caffeine, What Is Custard Apple Called In Malayalam, Hill's Prescription Diet C/d Stress Canned Cat Food, Mont Pelerin Society History, Vanilla Marigold Care, Mccormick For Chicken, Can My 9 Year-old Sit In The Front Seat, Peppa Pig Memes Bacon,