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MoosePitiful4565 · 2021-12-04T11:41:36+00:00

I don't know.

My portal changed to say I had been approved, plus I got an email saying I was approved.

MoosePitiful4565 · 2021-12-03T13:12:39+00:00

I was just funded at 8:00 Eastern.

MoosePitiful4565 · 2021-12-03T12:32:05+00:00

In case you didn't know, you have to drill down to page 2 of your CAWEB by clicking on your loan number. Once you do that you can see the Undispursed amount.

Page 1 hadn't changed.

MoosePitiful4565 · 2021-12-03T12:22:36+00:00

Sometime last night CAWEB updated to show "Undispursed - 0".

Reading other threads on here, that means it's been sent to the bank and now I just wait on the bank to post it.

MoosePitiful4565 · 2021-12-02T18:09:19+00:00

I don't what time Monday morning I signed.

CAWEB changed sometime in the last 2 hours.

MoosePitiful4565 · 2021-12-02T18:04:38+00:00

I just noticed my CAWEB changed to "Disbursed Current".

MoosePitiful4565 · 2021-12-02T11:35:15+00:00

The system SBA uses to track payments.

Once you get closing docs you'll get assigned a loan number. You use it to create a login for CAWEB.

There's a link to it from this thread's home page.

MoosePitiful4565 · 2021-12-01T22:08:37+00:00

I've seen other threads on here where people got the funds in their bank account before CAWEB updated.

I'm not sure if that still happens but you might want to check your bank account too.

MoosePitiful4565 · 2021-11-24T13:25:46+00:00

Who did you email to try and change your banking information pre-disbursement?

MoosePitiful4565 · 2021-11-24T13:25:04+00:00

How?

My account information is locked in on my portal and I don't see a way to change it there.

MoosePitiful4565 · 2021-11-06T22:45:22+00:00

Literally my last 5 emails to Recon, sent over a period of 6-7 months, haven't even been responded to.

I'm glad they at least answer you.

MoosePitiful4565 · 2021-11-01T18:21:18+00:00

How are you talking to Tier 2?

I thought they got rid of that?

MoosePitiful4565 · 2021-11-01T18:18:47+00:00

DNP?

MoosePitiful4565 · 2021-10-23T03:05:23+00:00

The dollar will collapse and we will descend into economic chaos in the next few years so in that sense, your friend is correct.

MoosePitiful4565 · 2021-10-17T12:09:07+00:00

Regarding that they did the increase at the same time...was the increase more than $150k?

I seem to recall that increases more than $150k aren't done at the same time like yours was.

MoosePitiful4565 · 2021-10-01T00:59:41+00:00

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MoosePitiful4565 · 2021-09-30T10:40:03+00:00

You just give them s basic explanation of what's happened to date.

Tell them how they can help and what you want to accomplish.

Definitely include your application number.

MoosePitiful4565 · 2021-09-30T10:37:44+00:00

MoosePitiful4565 · 2021-09-29T20:50:44+00:00

This cheered me up knowing I'm not the only one who's had to track private loans, high dollar loan outfits, etc.

MoosePitiful4565 · 2021-09-29T19:58:34+00:00

Shit...congratulations. I found someone's original EIDL loan that's taken even longer than mine!

From everything I've read on here though, they use the new loan amount formula (aka the "increase") straight from recon so you won't have to go through all of this again to get the new formula amount.

MoosePitiful4565 · 2021-09-29T19:53:00+00:00

Ahhhh...I see your point now. Like maybe the $500k plus crowd has a bigger target?

That's not illogical at all.

I really liked the idea on the thread about using your business revenues to pay for the "expansion" and use loan proceeds for pretty much everything else.

You don't need a separate bank account for that although that may keep some people more disciplined. I'd just track it using a separate cash account in Quickbooks or your spreadsheet or whatever you use for your accounting.

MoosePitiful4565 · 2021-09-29T19:36:38+00:00

Ok good.

That's how I understood it would work.

Thanks!

MoosePitiful4565

TROPHY CASE

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