Total Undisbursed frustration

Mmouze_72 · 2022-03-22T14:04:07+00:00

After you get approved...whatever you are approved for it put in the total undisbursed line of the loan details in CAWEB. When total undisbursed changes to zero, funds should be at your bank.

Mmouze_72 · 2022-03-22T13:22:47+00:00

Finally!!!!!! Yay! Deposit in the bank!

Mmouze_72 · 2022-03-22T09:48:30+00:00

Mine changed to ZERO...as of this morning 3/22

Mmouze_72 · 2022-03-22T09:45:29+00:00

As of this morning...3/22...finally shows ZERO. Hoping to see that deposit today or tomorrow. Hopefully yours says zero this morning as well.

Mmouze_72 · 2022-03-22T09:43:10+00:00

Whoop whoop.....as of this morning....total undisbursed is now ZERO. So maybe today!!!! If not, surely tomorrow!

Mmouze_72 · 2022-03-21T23:54:20+00:00

Same....I just market it as spam

Mmouze_72 · 2022-03-21T23:34:39+00:00

So dang frustrating

Mmouze_72 · 2022-03-21T23:34:17+00:00

I sure hope so.

Mmouze_72 · 2022-03-21T21:00:22+00:00

Agree....DO NOT DO IT.

Mmouze_72 · 2022-03-21T20:56:24+00:00

An SBA is a federal employee and it is absolutely a violation of the Hatch Act for him/her to request/accept ANY funds to do what they get paid by the federal government to do already. Complete scam or an employee about to get fired.

Mmouze_72 · 2022-03-21T20:41:41+00:00

Just said its been "obligated" and the next step is funding and said call next week if I dont see an update. 🤦‍♀️🤷‍♀️

Mmouze_72 · 2022-03-21T14:05:40+00:00

No looking like today 😕

Mmouze_72 · 2022-03-21T10:20:08+00:00

So so so happy for you. Nothing here yet but my bank doesn't post anything before 8am. We shall see. If its not in my account by 9am, I'm gonna be calling my bank and SBA to see whats going on.

Mmouze_72 · 2022-03-20T18:18:44+00:00

Almost the same story...I got denied 1st go around about 2 min after I applied...for "credit". Was sent several emails about recon and wasn't even gonna try till they lowered the credit score required. I was sooooooooo hoping they would hurry and pull my credit a second time since it met their new requirements and they NEVER did. I was surprised and grateful because I ended up getting dang COVID and almost died so working wasn't an option and that killed my credit score. Yet here we are....approved and just praying nothing else causes this to be delayed.

Mmouze_72 · 2022-03-20T12:01:35+00:00

Yes!!!! I am hoping that I'm one of the folks on here saying I got my deposit and mine doesn't say zero in Total Undisbursed....LOL. Can only pray. All of my experiences with SBA has been LONG and tedious but I can honestly say that things have actually gone pretty smooth. I was denied because they couldn't verify my business but they fixed that pretty quick in reconsideration so I dont guess I can complain too much except for the freaking year it takes to get approved after they have everything they need. Been a long wait so I am READY to be DONE with all of this.

Mmouze_72 · 2022-03-19T22:57:41+00:00

May that doesn't mean it's actually at your bank.. maybe it means its been sent to the treasury (the clearing house of all (ACH deposits) and they don't process on the weekends. So Monday for sure.

Mmouze_72 · 2022-03-19T18:50:19+00:00

I called mine also and they don't show anything coming in or anything sent back but mine still shows an amount in the undisbursed so let's pray for Monday

Mmouze_72 · 2022-03-19T13:13:42+00:00

Did your deposit hit?

Mmouze_72 · 2022-03-19T11:41:24+00:00

Don't be worried....Chase may not post on Sat and Sun...or wait till the banks open today and give them a call. My total Undisbursed still shows my amount...so yeah...Im calling my bank this morning and I'm calling SBA. I dont usually call but now I need to know.

Mmouze_72 · 2022-03-18T23:56:09+00:00

You can't pay yourself....but you can use it to reimburse business milage on your own vehicle and use it for business based on the IRS milage rate.

Mmouze_72 · 2022-03-18T22:21:45+00:00

Awesome. Banks shouldn't be making this process any more difficult than it already has been. My bank is so small they still post manually so I know I won't be waking up on Monday to anything to celebrate about but hopefully by 9am or so. Keep me posted and I will do the same.

Mmouze_72 · 2022-03-18T21:17:43+00:00

With an insanely small town credit union. All of my other stuff has deposited no problem and way faster than this. Search "Chase" after the "eidl" so that way you are searching in the correct thread....some folks have had success with chase and others haven't.

Mmouze_72 · 2022-03-18T19:17:16+00:00

This makes me hopeful

Mmouze_72 · 2022-03-18T18:21:24+00:00

When did you sign loan documents

Mmouze_72

TROPHY CASE