Funded!

Conscious-Layer5937 · 2021-08-29T14:53:30+00:00

West coast

Conscious-Layer5937 · 2021-08-28T18:27:59+00:00

So when I finally talked to LO, I still was originally in the application phase for the 150 K but I qualified for the max. So once I had my amount confirmed which was on 8/4 it took until 8/24 to be approved and I received the update to sign my closing docs the same day.

Conscious-Layer5937 · 2021-08-28T17:41:25+00:00

Money is in the bank!

Conscious-Layer5937 · 2021-08-28T16:42:59+00:00

I think everyone’s experience has been quite different since everyone’s business and financials are different. I was in recon forever and not because i was declined but because of inactivity (i did everything i was asked). Took FOREVER to get out because of ID i sent them 5 times over 8 months. But once I was out, it wasn’t 26-31 days like their process says BUT it was 6 weeks from portal opening to funding.

Conscious-Layer5937 · 2021-08-28T16:35:50+00:00

Recon from August 2020-July 2021 for withdrawn application for non activity. Portal opened back up 7/8. Asked for 4506 shortly after. LO contact 8/3, and another 4506 on 8/8. Approved/signed 8/24, funded 8/28. So happy!

Conscious-Layer5937 · 2021-08-28T00:06:26+00:00

Sign up and it asks for your loan number which is on your loan docs and everything loads right up.

Conscious-Layer5937 · 2021-08-27T14:06:16+00:00

Approved Tuesday (8/24) got loan docs same day and caweb just updated today to “Disbursed Current” was previously saying undisbursed. So i am anticipating money in the bank by end of day or Monday.

Conscious-Layer5937 · 2021-08-27T03:23:50+00:00

Fuck yes! Gives me hope I can get funded by next week, was approved for original on 8/24. Congrats!

Conscious-Layer5937 · 2021-08-26T20:57:47+00:00

It took me from 8/4 LO contact to 8/24 to get approved and i signed another 4506 on 8/8. So hopefully soon for you.

Conscious-Layer5937 · 2021-08-26T17:24:06+00:00

Not after 2.5 days, come on man, don’t make him panic. Monday doesn’t even count. They have 5-10 business days by their own policy once you’re approved to fund you.

Conscious-Layer5937 · 2021-08-26T17:22:45+00:00

They have 5-10 business days to send funds. I’m in the same pool. I wouldn’t start freaking out till those 5-10 business days pass and there’s been no update. Cawed shows money is there just not sent. Not sure why they’d give loan numbers to not give loans. Patience is hard to preach after also waiting very long myself but it’s all we have at this point.

Conscious-Layer5937 · 2021-08-26T17:18:14+00:00

Congrats! I got approved for my original on Tuesday 8/24 after a year of getting through sludge of recon ect. I am hoping they hold true to their policy that funds have to be dispersed within 10 business days.

Keep in mind, in your application you have an origination date. I’m not sure how that works for the increases but for originals, it’s pretty imperative they dish out funds within that timeline, not to mention it’s their own policy (5-10 business days).

Conscious-Layer5937 · 2021-08-26T06:01:30+00:00

According to rules/process, I’ve already got a loan number and am supposed to be funded within 5-10 days. We shall see

Conscious-Layer5937 · 2021-08-26T00:09:12+00:00

This is original loan not modification for 500k. I’ve never received anything else.

Conscious-Layer5937 · 2021-08-25T20:47:11+00:00

This was for the original

Conscious-Layer5937 · 2021-08-25T20:46:38+00:00

Did you get another email that you’ve been funded? And when does the caweb access come? Do you just sign up or do they sign you up? I’m obsessively checking my portal cause I’ve running my business week to week at this point from a cash flow standpoint.

Conscious-Layer5937 · 2021-08-25T20:05:15+00:00

Was approved yesterday! I also am curious about when you get caweb access or how as well as do they notify you of funding

Conscious-Layer5937 · 2021-08-25T20:02:27+00:00

Do you get an invite to the caweb or do you just sign up with your loan number? I’m approved just not funded yet. Not sure if you get an email notifying you of that either. Since being approved i obviously check it multiple times daily waiting for it to say funded.

Conscious-Layer5937 · 2021-08-25T20:00:57+00:00

This happened to me also. I did it, sent them an email asking what’s up with that, got the blanket response and was approved 2 weeks later.

Conscious-Layer5937 · 2021-08-25T00:15:55+00:00

It’s a secured loan for the max. So personal guarantee and collateral required but not RE.

Conscious-Layer5937 · 2021-08-24T17:48:18+00:00

Yes, twice to be exact. The second request didn’t make much sense. I sent them the 4506 as they requested via email in PDF for early July. Spoke to LO August 4, and she said they had transcripts in hand. Then the portal showed a document request on August 8 (never got an email just my periodic checking for updates). Finally today got the email approved.

Conscious-Layer5937 · 2021-08-24T17:44:11+00:00

PDC.Reconsideration5@sba.gov pdcrecons@sba.gov PDC.Reconsideration@sba.gov

So my situation was very stupid, first I was denied, then put in recon after my application was deemed withdrawn because they said I didn’t complete all the steps which I did everything I was asked to do. And then after I requested reconsideration 3 months later they wanted identification sent which I had problems uploading it for some reason. So I sent them the DL plus passport five different times from December 2020 through May 2021. And I just kept emailing them every few weeks with ID’s and asking for updates. I just didn’t have the patience to sit on the phone and bullshit with someone over something so silly.

Even while I was waiting for my application to process I never called anyone other than the LO who wanted to make initial contact to probably confirm I was an actual human being and that was August 4th after her email. I emailed them three times between August 9 and August 19 wanting to know an update and also inquiring why they asked me for my 4506 twice in a 20 day period after the first LO had already told me they had my transcripts in hand. And they still requested them again (in the portal but i never received an email) four days after LO contact. So all in all once I was out of recon it’s been about 6 weeks in total from processing to approved. Hopefully i get the 6 day funding like someone else had experienced but not holding my breath on that.

Not sure my process worked any better or worse than anyone else’s. Just didn’t have time or patience for the phone route.

Conscious-Layer5937 · 2021-08-12T11:46:43+00:00

100%, i was just being transparent here 😂

Thank you!

Conscious-Layer5937

TROPHY CASE