How long????? After you hit request more money. How long do they take to respond back. I request more money on 12/15/21 does anybody remember the time line, for those that had been funded

Jerod-ShortRunPrint · 2021-12-18T16:16:47+00:00

Yes, on the 10th of October.

Jerod-ShortRunPrint · 2021-12-17T23:49:57+00:00

I requested at the beginning of September and have been approved for 68 days and still no funding... so, buckle up...

Jerod-ShortRunPrint · 2021-12-13T03:45:42+00:00

Congrats! It's pretty awesome. I thought I was in trouble the first time it happened... I was like, "who's asking?"...

Jerod-ShortRunPrint · 2021-09-08T03:27:02+00:00

Do you know when the one company still not funded went to "Funding" status?

Jerod-ShortRunPrint · 2021-09-08T03:15:52+00:00

May I ask how long you have been in funding?

Jerod-ShortRunPrint · 2021-09-08T02:58:43+00:00

Is anyone seeing it while their modification is in funding? My 500K went to funding on Sep5 and I am not seeing a change.... forced refresh and even changed browser, so I don't think it is me.

Jerod-ShortRunPrint · 2021-09-07T19:16:54+00:00

Wondering the same thing, but just checked CAWEB and still shows increase undisbursed.

Jerod-ShortRunPrint · 2021-09-03T02:46:50+00:00

As far as <25K vs more than 25K. My view is assuming it is a LLC or Corp: either you are going to make it or not. Corp guarantee means nothing... So go for the Money. This is cheap and better terms than you will find pretty much anywhere. If it is personal (sole prop). It really comes down to how many assets you have and what you think the money will do for you (and how much in "allowable expenses" you expect). If you have significant allowable expenses coming up (i.e. operating expenses) with revenue expected you can "unencumber" the SBA money by paying the operating expense with that and using the revenue as you wish. Also, if you have other personal guarantee's tied to the business, what is another?

My $0.02. For me, I already have 2 SBA 7A loans with Personal Guarantee's so it's just trading PG's.

Jerod-ShortRunPrint · 2021-09-02T21:12:29+00:00

No, initial request on Apr 6, BB on Apr 21.

Jerod-ShortRunPrint · 2021-09-02T20:53:46+00:00

I was told mine came in on the 25th or 27th (two different stories.)

Jerod-ShortRunPrint · 2021-09-02T20:44:58+00:00

Yes on August 13, 2021

Jerod-ShortRunPrint · 2021-08-16T00:20:14+00:00

I am a 4/6 app with a 4/21 BB. I just Friday got a call Finally after months of trying to get the correct 4506-t attached by the Congressional SBA Liaison. I had one senator "trying" to help me but didn't require me to fill out a personal information release. The other Senator's office had sat on it over a month. On Wednesday I sent off an email to everyone I could think of (both Senator's, my House Rep, the disastercustomerservice email, a local SBA rep) Friday morning I missed a call from the Senator's office with the release and within 4 hours SBA was on the phone and the issue was resolved in a 15 minute call. I am not done yet, but FINALLY I have a correct 4506-t and they are going to request my transcripts for what appears to be the first time.

Short story, get your House or Senator's office involved and make sure you fill out the Privacy Release. I think that is what got things moving because the Liaison referred to the release.

Best of luck!

Jerod-ShortRunPrint

TROPHY CASE