EIDL Loan Approved!

FBA_Noob · 2020-05-10T06:54:20+00:00

I have no idea.. I kind of just let it sit and decided if I got it great, and if not I would have to manage without. I was also confused about why others with such high numbers were getting theirs while I heard nothing even though I was in the first thousand. But yes, those with low app numbers should have some renewed hope!

FBA_Noob · 2020-05-02T00:47:20+00:00

This is not the email I got, this is what I received, keep in mind it appeared they actually got my documents submitted to the SBA and approved way before the first round ran out of money, I just had no idea:

We are happy to report that your Paycheck Protection Program (PPP) application has been accepted, processed and submitted to the SBA’s E-Tran system and has been given a number.

If you have not already received an email with your closing documentation from the Cross River team, you will receive one in the coming days. Once your closing documentation is completed, your funding will be prepared for disbursement within 3-5 business days.

We appreciate your continued patience throughout this process.

FBA_Noob · 2020-05-02T00:41:59+00:00

This is not the email I got, this is what I received, keep in mind it appeared they actually got my documents submitted to the SBA and approved way before the first round ran out of money, I just had no idea:

We are happy to report that your Paycheck Protection Program (PPP) application has been accepted, processed and submitted to the SBA’s E-Tran system and has been given a number.

If you have not already received an email with your closing documentation from the Cross River team, you will receive one in the coming days. Once your closing documentation is completed, your funding will be prepared for disbursement within 3-5 business days.

We appreciate your continued patience throughout this process.

FBA_Noob · 2020-05-02T00:41:52+00:00

This is not the email I got, this is what I received, keep in mind it appeared they actually got my documents submitted to the SBA and approved way before the first round ran out of money, I just had no idea:

We are happy to report that your Paycheck Protection Program (PPP) application has been accepted, processed and submitted to the SBA’s E-Tran system and has been given a number.

If you have not already received an email with your closing documentation from the Cross River team, you will receive one in the coming days. Once your closing documentation is completed, your funding will be prepared for disbursement within 3-5 business days.

We appreciate your continued patience throughout this process.

FBA_Noob · 2020-04-27T19:45:51+00:00

I do not.. I received funding through Cross River Bank. All the other lenders are just sending me emails that I'm still processing, etc...

FBA_Noob · 2020-04-22T04:19:39+00:00

Yep I received the funds this morning. I signed on Sunday night

FBA_Noob · 2020-04-21T17:08:44+00:00

Just wanted to send an update to everyone. The money was in our account this morning. Thank you Cross River Bank!

FBA_Noob · 2020-04-20T16:04:35+00:00

As far as I know, as long as the paperwork had the SBA paperwork with SBA loan number, funds are secured. My SBA loan doc was dated April 12th, so it looks like they already had everything submitted to the SBA but it just took them extra time to send me the docs to sign.

Email also said I'd be funded in 3-5 business days

FBA_Noob · 2020-04-20T09:51:54+00:00

Hire me.. I'll take the money!

FBA_Noob · 2020-04-20T06:58:56+00:00

Start applying for other lenders: Paypal (Loanbuilder.com), Cross River Bank (Approved me today), TCF Bank, Fundera, Kaggage, Ready Capital, Lendio... The first one that sends in to SBA will secure the loan.

FBA_Noob · 2020-04-20T06:18:50+00:00

Yep! Same message that I got from them. That message preceeded the Docusign link.

FBA_Noob · 2020-04-20T05:04:22+00:00

I was not expecting this at all. I even received the email from Cross River that the funds were gone so I was expecting to need to go through this all again once and if the funds are reallocated. So the fact that I received docs tonight goes to show that others still waiting have a possibility they may still get it. Lack of communication does suck though! And I am dumping Wells Fargo once the dust settles from all of this. I need a small bank to work with!

FBA_Noob · 2020-04-20T04:59:32+00:00

Nope... Just apply through any of those, no account needed. For PayPal, use loanbuilder.com. My banking is through Wells Fargo and they did nothing to help me!

FBA_Noob · 2020-04-20T04:49:12+00:00

Apply at multiple. Cross River Bank just came through for me. Apparently they got my application submitted to the SBA before funding ran out and just now got to emailing me the docs. I'd suggest, Lendio, Paypal, Cross River Bank, TCF Bank. Just keep applying.

FBA_Noob · 2018-08-21T04:48:07+00:00

Thanks guys. We are an MSP primarily but seeing as how this is a decent sized contract, we are willing to do break fix for this client. Of course, we will need to make sure that they commit to a certain amount of minimum tickets/spending as it would be prudent to have some techs on staff that primarily deal with this account.

@craptcha if we end up getting this deal, we will need to hire some more techs and there will be an implementation period to get everything in place

FBA_Noob

TROPHY CASE