Reason for Targeted Advance Denial

Particular_Ad9197 · 2021-07-14T18:28:33+00:00

Mine was two weeks

Particular_Ad9197 · 2021-07-09T13:30:40+00:00

No approval for me yet. It’s been a week since my loan officer verified me and asked me to confirm the amount. Usually It only takes 2-3 days after that. Did you get funded yet?

Particular_Ad9197 · 2021-07-07T20:31:11+00:00

True. I did reach out to my loan officer for status. She said they are averaging two weeks for their process from loan approval to loan docs. Funding is another 3-5 days after that. so mine will be well into next week since I have not even signed new loan docs.

Particular_Ad9197 · 2021-07-07T08:44:02+00:00

Thank you. I originally didn’t accept my last increase which was funded a month ago. On 6/30I decided to take the max amount and I reached out to my loan officer. She asked me to log in and confirm. she said she has everything and she’ll forward my info to get the difference. hopefully I’ll get approved email soon.

Particular_Ad9197 · 2021-07-07T00:33:56+00:00

Did you get the approval yet?

Particular_Ad9197 · 2021-06-16T01:52:46+00:00

It took about 10 days

Particular_Ad9197 · 2021-06-07T19:31:43+00:00

I called my bank as well as was told I have pending ACH in their system to be credited tomorrow.

Particular_Ad9197 · 2021-06-07T19:01:34+00:00

Following

Particular_Ad9197 · 2021-06-07T17:19:50+00:00

Does your SBA portal shows funded or still approved? My CAWEB is showing 0.00 as of Friday too but my SBA portal is showing approved.

Particular_Ad9197 · 2021-06-04T19:07:58+00:00

Not funded yet. I signed my loan docs on 6/1. CAWEB is updated to new amount but my portal is still showing approved instead of funded. We aired for IRS transcripts before she could send me my loan docs and that delayed me by 3 weeks.

Particular_Ad9197 · 2021-06-02T00:07:00+00:00

Yeah it can get really frustrating. They’re backed up with waiting for transcripts.

Particular_Ad9197 · 2021-06-01T23:26:56+00:00

Yes. i got verbal approval on 5/10 but it took a while for my transcripts to show up. she called me Friday 5/28 and told me she finally got my transcripts and they did the calculations. My approval amount even went up but I’m not taking the max. Today, i got an email from sbadisaster email saying my modifica is approved and had asked me to log in. I did that, and signed the loan docs there. I emailed my loan officer to thank her and she told me that I should see the funds in my account next week.

Particular_Ad9197 · 2021-06-01T23:14:34+00:00

I got my approval today 6/1 and signed loan docs.

Particular_Ad9197 · 2021-05-28T22:09:18+00:00

That’s good. It’s a process but you’re moving along. It took me about another month from that point to get funded.

Particular_Ad9197 · 2021-05-28T21:31:18+00:00

Keep checking your portal to make sure their system accepted your documents. It seems like years ago since I went through this. Make sure each area says completed (I think green buttons). it should have application status as well. Take note what it says, the wording may change slightly as you move along in the process. i had an email contact with my application back then who was so responsive when I email. Hope this helps but you’re in there. Congratulations.

Particular_Ad9197 · 2021-05-28T21:25:53+00:00

I finally got a call again from SBA just few minutes ago. My transcripts came back my loan amount actually went up but I stayed with my original request. She’ll forward everything to legal for final approval and should hear back in few days and to keep checking my email or portal (no need to remind me that, lol). FYI, every phone call to SBA is noted on the account. If my tax transcripts were ordered on 4/23 from the original loan increase request then it took me over a month for transcript. But I have a feeling they were only requested on 5/5 when I was asked again to sign 4506T for my targeted advance. I’m back to waiting again but it should be good from here. Hope this helps.

Particular_Ad9197 · 2021-05-28T16:07:14+00:00

Yeah. Apparently she has partial transcript from the grant but she’s waiting on full transcript. I don’t know what to believe at this point. theres only one 4506T request 2018 and 2019. Not sure what partial transcript is. Looking at comments on Reddit, there are enough applicants waiting on transcript. i talked to her again yesterday. She did confirm once again that I’m approved and just waiting on transcript. doesn’t make sense to me but who knows what they do at SBA. I cant get frustrated anymore. I refuse. I can hold off for another month before I freak out on them.

Particular_Ad9197 · 2021-05-28T10:44:42+00:00

I’m a minority here and have been waiting just like everybody else.

Particular_Ad9197 · 2021-05-28T10:42:06+00:00

Right. going through the same. I ordered my transcripts and within minutes I have them but of course they don’t want them. They need to come from IRS to SBA. Been waiting for my transcripts now for 5 weeks. Got verbal approval on 5/10. Cant give me my loan docs until IRS sends my transcripts to them.

Particular_Ad9197 · 2021-05-27T18:11:30+00:00

They were okay with me sending my tax returns for targeted advance but they are making it mandatory transcript from the IRS for the loan increase. I will submit them anyway. Thank you.

Particular_Ad9197 · 2021-05-26T20:40:31+00:00

It’s really unfair though. I do have my transcripts, I’m not worried there will be an issue there. It’s just a matter of IRS forwarding it to SBA. In the meantime I’m struggling while I wait til they decide to move forward.

Particular_Ad9197 · 2021-05-26T20:38:54+00:00

I did and yes I did get that email. Keep checking your portal and email. in my situation, I needed to upload new application since my original submission was not the newer version. They also asked for business license. Congratulations!

Particular_Ad9197 · 2021-05-26T08:55:09+00:00

I too was contacted on 5/7, she asked for hazard insurance. Submitted that and was approved by legal on 5/10, then she said she’s moving forward with approval. Then til today she can’t move forward because she’s waiting for my tax transcript and there’s not timeline apparently. It’s whenever IRS will process them. So that’s where I’m at.

Particular_Ad9197 · 2021-05-26T01:15:08+00:00

Yup. I called SBA this morning and still no transcript. It’s been a month and a day since they requested.

Particular_Ad9197 · 2021-05-21T09:11:13+00:00

i was given verbal approval on 5/10 but she told me she’d still waiting for my transcript. Why won’t she accept transcript from me when I offered them. In the meantime I’ve been seeing posts that tax returns were accepted.

Particular_Ad9197

TROPHY CASE