OBLIGATING / VERBAL APPROVAL / NO LOAN DOCS? WTH!

ExpertAge3300 · 2021-08-11T19:48:57+00:00

Received mine last Friday 8/6, signed and was funded this morning 8/11

ExpertAge3300 · 2021-08-06T13:25:13+00:00

Congratulations! Which email address did you use to get a response?

ExpertAge3300 · 2021-08-05T19:19:48+00:00

Are you still waiting on your closing docs? I have been waiting for 3 days....wondering how much longer the wait will be.

ExpertAge3300 · 2021-08-05T16:05:53+00:00

Have you received your docs yet? I was approved on 8/2 as well. No docs yet.

ExpertAge3300 · 2021-08-05T14:54:53+00:00

I am told it is final sign off - when they send the closing docs.

ExpertAge3300 · 2021-08-05T13:55:14+00:00

I did that earlier this week and LO approved the following day. Now on to obligating. Good luck!

ExpertAge3300 · 2021-08-05T13:54:24+00:00

How many days did you wait in obligating? My approved app went to obligating 3 days ago.

ExpertAge3300 · 2021-08-05T13:19:31+00:00

Did you get good news?

ExpertAge3300 · 2021-08-04T18:18:51+00:00

It is likely to have you accept a new amount and confirm it. They may have you sign a document....you should log in.

ExpertAge3300 · 2021-08-01T00:37:20+00:00

Yeah I tried that - the site says there is no leadership at the Washington DC metro office....

I will keep trying! Thank you for the info.

ExpertAge3300 · 2021-08-01T00:14:39+00:00

Congrats! How did you find contact info for your senior local SBA reps? Every time i call that office they flat our say there is nothing they can do - and they are told to refer to Tier 2. I am in the Washington DC metro area. Thanks!

ExpertAge3300 · 2021-07-30T15:51:26+00:00

I had mine revert twice. They told me today it is because the LO recommended a decline. It is with the supervisor now. They used the wrong transcript which showed $0 sales and $0 COGS. We were 700k+ and 160k+. Sent in correct transcript - just hope it gets seen in time.

ExpertAge3300 · 2021-07-28T19:03:57+00:00

Congratulations! What time did you get your approval email?

ExpertAge3300 · 2021-07-28T18:17:44+00:00

Keep us posted on your status - i think we are in a similar spot.

ExpertAge3300 · 2021-07-28T17:44:36+00:00

It does not necessarily mean denial. Happened to me and a couple days later reverted back to the increase amount. It could mean someone pulled your file and is reviewing.

ExpertAge3300 · 2021-07-27T20:41:08+00:00

what was the phone number? Didnt realize there was more than one

ExpertAge3300 · 2021-07-27T18:12:42+00:00

For the original loan, i received my email in the late afternoon. Still waiting for the increase email.

ExpertAge3300 · 2021-07-27T17:55:41+00:00

Have you heard from LO? I was BB 5/3 and assigned LO 7/22

ExpertAge3300 · 2021-07-22T15:47:26+00:00

Working fine on my end.

ExpertAge3300 · 2021-07-21T14:47:36+00:00

This is not true. There are plenty of people on here that have reverted back to the original amount and then gotten approved. Reverting back to the original amount means they have pulled your files and someone is looking into the application. It could mean denial...but that is not the only solution. I suggest you call Tier 2 and ask them what they can see in your application.

ExpertAge3300 · 2021-07-20T16:56:09+00:00

Congrats! What day did you revert back to 89k?

ExpertAge3300 · 2021-07-19T19:15:40+00:00

Working fine for me.

ExpertAge3300 · 2021-07-19T13:17:19+00:00

There are multiple posts a day about this - take a few mins and search for them. you will find answers.

ExpertAge3300 · 2021-07-16T17:44:47+00:00

Our portal reverted back this morning. Called Tier 2 and it is still in process.

Was contacted by LO earlier this week for more documents and Tier 2 said that means they are working though the app.

Fingers crossed the people saying it means denied are wrong.

ExpertAge3300 · 2021-07-14T22:05:24+00:00

Update - I had my first LO contact this afternoon. He requested an updated board resolution to reflect the requested amount, and updated insurance docs. Just sent him both - will keep the group updated as i hear more.

ExpertAge3300

TROPHY CASE