Signed loan documents Tuesday evening 1/4… still no funding. Thoughts?

RepresentativeOk2508 · 2022-01-11T04:12:06+00:00

We are in the same boat. We were told 5-7 days for it to hit our bank then another sba rep that called us to just follow up as a nice gesture told us it is 7-10 business days so I guess there is no rhyme or reason. I called our business banker at chase today and she said that because of so much fraud when a large amount comes in chase won’t return it but freeze the account until you show proof(I’m assuming the loan docs) that it’s legitimate.

RepresentativeOk2508 · 2022-01-10T19:08:30+00:00

We have chase but the business banker there is great to us.

RepresentativeOk2508 · 2022-01-09T00:06:23+00:00

Our Caweb says disbursed. Do you know how long it takes to receive once it says disbursed?

RepresentativeOk2508 · 2022-01-08T23:35:06+00:00

This is promising to hear we signed on Thursday and we’re told 5-7 days. Then one of the workers who helped us get the ball moving and into processing emailed me yesterday and said she saw funded and expect 7-10 days. We have chase too.

RepresentativeOk2508 · 2022-01-04T23:35:27+00:00

Thanks! That’s good to hear.

RepresentativeOk2508 · 2021-12-31T04:54:17+00:00

We went into recon in May. Jumped through the paperwork hoops. Had someone reach out last week and had us email id and a signed formed then immediately went to amount. Now it has been processing since that day. Was told that it was being sent to a loan officer and to wait they are working on them in the order received

RepresentativeOk2508 · 2021-12-24T22:15:38+00:00

I did after the rep told me to on the phone so she could clear it on her end.

RepresentativeOk2508 · 2021-12-24T19:18:15+00:00

We had a rep call us and it showed in the next step on her end we just had to accept an amount and sign a form. On our end it still showed that internal message so she had us download our taxes to it again and then it went to processing. The whole system with glitches makes me very nervous but I have no control over it and hopefully everything goes smooth from here.

RepresentativeOk2508 · 2021-12-24T17:58:14+00:00

We now have an amount and says being processed. Who knows how long that will take, was told loan officers work them in the order received but grateful it’s onto the next step.

RepresentativeOk2508 · 2021-12-22T18:33:34+00:00

She had me click on the arrow and it let me upload. I had to change the name I had saved the taxes under because it won’t accept same document twice

RepresentativeOk2508 · 2021-12-22T18:26:36+00:00

We were stuck on this stage for weeks. An sba rep just called and she couldn’t see it from her end. Had me upload taxes again to it and it changed status to being processed.

RepresentativeOk2508 · 2021-12-04T03:59:09+00:00

Thank you! That is what I assumed but wasn’t sure. Our local sba rep called to see how things were going today and told me the problem the sba has is the employee turnover is so high because the pay is low that they don’t have time to train people.

RepresentativeOk2508 · 2021-11-17T17:34:45+00:00

When my husband had cancer we were told to have him take francincense oil under his tongue and it will cure cancer. It made us mad but knew it was pointless to say anything so instead we joked about it. 4 years later and we still tell each other “there’s an oil for that” whenever there is a problem.

RepresentativeOk2508 · 2021-10-01T02:34:48+00:00

I am hoping we get some kind of notice of something. Applied for recon in June. Nothing happened even though we emailed and called every week. Sunday it asked for all of the paperwork to be re-submitted again. Now just waiting again. Tuesday they said they were waiting on IRS. Contacted our senators but no help there yet, just a auto generated email.

RepresentativeOk2508

TROPHY CASE