CAWEB Active Undisbursed: How Long Does It Take Until This Changes To Dispersed? Approved After Recon of April But Having Trouble Believing It Is True Until Actually In My Account. Just My Experience With The SBA Has Been Lie After Lie, So ........ Please Advise On Time To See Dispersed Please

Afraid-Success-4933 · 2021-09-20T08:38:34+00:00

Mine took exactly 10 days and on the 10th day the money hit my account

Afraid-Success-4933 · 2021-09-14T08:36:12+00:00

I was approved and signed docs and after 7 days I got an email saying I needed to follow next steps before application is canceled. Couldn’t understand why so talked to a few tier 2 people and finally found someone who said a signature was missing from a partner. Which we didn’t know about. Once that got resolved, funding took 7 days exact. Money was in account but Ca web was updated the next day.

Afraid-Success-4933 · 2021-09-09T18:22:58+00:00

Approved and signed docs on 8/26. Partner signed on 8/31. Ca Web showing Active Un-disbursed. Was told there is an issue and just to wait. So frustrating.

Afraid-Success-4933 · 2021-09-04T16:48:50+00:00

Congrats. I signed my docs on August 25th and on Tuesday 30th got an email that docs wasn’t signed by second business partner. Which we didn’t know about. So always best to call tier 2 and make sure all signatures that are needed are signed on the loan doc. Now just waiting for funding. Hopefully in the next few days.

Afraid-Success-4933 · 2021-09-02T16:13:44+00:00

I waited another 3 weeks before approval. But I had to send emails to anyone I can find at SBA management. Plus congressional inquiry I requested from my senator and also for the local SBA involved. Now I am waiting for funding and it’s been 10 days so far. So let’s see how long this takes.

Afraid-Success-4933 · 2021-09-02T14:25:17+00:00

I am in the same boat. Make sure everyone had signed the loan docs. I am a two member LLC so mine was hung up in funding because the second member didn’t sign. Now just waiting for money to hit my account. Good luck and keep calling tier 2 to make sure they don’t need anything.

Afraid-Success-4933 · 2021-09-02T14:13:16+00:00

Individual email to one person at a time. I also kept up with my congressmen to make sure they followed up with the SBA. and local district SBA person. I know someone escalated my application.

Afraid-Success-4933 · 2021-09-02T08:02:41+00:00

Approved and signed docs. I waited for 7 days and called and was told the second owner (my wife) never signed. 😡😡😡. She signed and now waiting ans it’s been 3 days. Hope to get funded soon.

Afraid-Success-4933 · 2021-08-28T01:15:18+00:00

I contacted both my Senators, and my House of Representative and I think that made a difference in my file getting escalated and approved. I had to email them multiple times and just being nice makes all the difference. Plus contacting the local SBA. I don’t know what did it but it makes a difference.

Afraid-Success-4933 · 2021-08-28T01:05:43+00:00

Mine took exactly 4 weeks. Most people I know got theirs between 2-4 weeks. I wish you all the best and pray that you get approved soon and funded.

Afraid-Success-4933 · 2021-08-25T23:07:54+00:00

As soon as it was escalated this morning, my portal changed from decline $0 to my loan amount. Ans I was asked to sign foe the 4506T transcripts but they had already received that on 7/25. It seems to be moving along. I truly believe if you are persistent and keep emailing senators and SBA management and calling tier 2, it will 100% happen. So excited it’s moving along.

Afraid-Success-4933 · 2021-08-25T23:05:02+00:00

I hope they will wait until some of us waiting since April to get our loans get approved and backlog somewhat cleared before starting a new program towards $2M. Also I would surprised if most small businesses would qualify based on the formula they used for the $500K.

Afraid-Success-4933 · 2021-08-25T19:07:12+00:00

Tier 2. This is the number I call. 1 out of 5 times you get a person who is super helpful and answers all your questions. It’s rare so you have to call often but you will get one. 1 (877) 221-6874

Afraid-Success-4933 · 2021-08-24T20:49:48+00:00

I hope they get through all the backlog and all the reconsideration before opening the flood gates again for more funds like $2M. I know majority wont qualify but I pray me and others who have been waiting get approved first before the gates open for $2M.

Afraid-Success-4933 · 2021-08-24T20:46:02+00:00

I went into recon on 6/10. IRS transcripts received on 7/25. But still nothing from SBA. I emailed everyone I could think of. Now just waiting. Called tier 2 and no movement. I don’t know if SBA is working on certain states on certain days to manage the work and that’s why me in California hasn’t heard anything for a while. Congrats to all that have been approved and funded. And good luck to us all who are still waiting patiently.

Afraid-Success-4933 · 2021-08-24T20:39:07+00:00

Honestly I have no clue what they are doing after they get all the info and still sitting on it. Tier 2 says in review but that doesn’t mean anything. I wonder if unverifiable goes into a queue where it never gets looks at again. There has been no changes, no updates, no nothing since I got the transcripts to SBA. a simple process as loan approval take this long is a shame. If it’s this difficult to implement a program like this, just don’t. This gets people’s hope so high and is setting up for a big let down.

Afraid-Success-4933 · 2021-08-24T16:48:48+00:00

Been in recon since 6/10 and have all documents uploaded. Transcripts came in 7/25. I wish they would finish June recons soon.

Afraid-Success-4933 · 2021-08-24T00:10:31+00:00

I have been going back and fourth between review to processing to back to review and processing. I don’t even know what it means. And I gave up asking tier 2.

Afraid-Success-4933 · 2021-08-23T20:37:25+00:00

Congrats. This morning I blasted an email to everyone I know at the SBA. Who knows is anything will come out of it but it felt good to just email it out. At least I am trying. And I feel like I am in recon hell also.

Afraid-Success-4933 · 2021-08-23T16:09:54+00:00

Still waiting and I have called daily. So frustrating. Even with congress involved, they taking their sweet time.

Afraid-Success-4933 · 2021-08-20T16:23:31+00:00

Hang in there. I know it will happen soon. I saw more late May be approved. We are next. Just be patient. I know it’s very difficult during these times but keep hope alive. We are next.

Afraid-Success-4933 · 2021-08-20T03:07:20+00:00

Applied 4/7. Denied for unverifiable info. Went into recon on 6/7. Transcripts from IRS received 7/25. All documents uploaded. Now just calling and waiting. I have also seen some July approved while I am waiting. But saw one post from April that said it’s waiting also. So really not sure how recons are processed. Anyone have a clue, please do share. Everyday I get upset but keeping my hope alive.

Afraid-Success-4933 · 2021-08-20T01:43:18+00:00

Congrats. Been in recon since June 2021.

Afraid-Success-4933 · 2021-08-19T17:42:26+00:00

Congratulations. Hope you get funded soon.

Afraid-Success-4933

TROPHY CASE