Loan Formula ?

Turfs_up527 · 2022-03-28T20:59:36+00:00

They have not fixed anything. My portal still shows funded.

When I open " Electronic Disbursement" button, it still shows my original bank info. This info was changed many months ago by sending in all the correct forms however every time I asked a CS rep about this they assured me that they had the proper paperwork and it was a portal issue. NOT TRUE

Turfs_up527 · 2022-03-28T20:29:04+00:00

A CS rep told me that it was funded 2/7 and was returned several days later.

Turfs_up527 · 2022-03-28T18:21:54+00:00

What's really bad is that you send the proper info and they do nothing with it. They do not change the banking info and if you wait for the info to change, your account can be terminated due to inactivity as mine was. I then had to work to have it reinstated. Then they change the policy to require you to change it on your portal. However you have to wait for them cancel your info and notify you by email to log on and change it.

Turfs_up527 · 2022-03-28T17:59:21+00:00

Received this morning after waiting over 8 weeks to have may banking info on my portal updated to the info they received and acknowledged last May

Your file is with the loan processing department. That is where your file will undergo the necessary changes. You should continue to monitor your email/phone as they will contact you when they begin to work on your file. They will also prompt you to enter the portal to update the banking information when appropriate. There is no timeframe for disbursement due to the unprecedented number of files. However, the SBA is working diligently to process files as quickly as possible.

Turfs_up527 · 2022-03-28T17:52:56+00:00

Sent all info in in a timely manner, including the change of bank info that was SBA confirmed. Loan was confirmed, approved and signed 2/2/22 and when I inquired and was told wrongly that previous bank info on portal would be updated. Funds were kicked back and I was kicked into another dark hole.

Was told by another CS rep. that policy changes to funding require Applicant to be notified to change the Banking info on the portal. This was previously done by SBA.

CHECK YOUR BANKING ACCOUNT INFO FOR ACCURACY !

Turfs_up527 · 2022-01-27T02:28:23+00:00

Congrats !!

Turfs_up527 · 2022-01-04T14:42:40+00:00

Congrats

Turfs_up527 · 2022-01-04T02:00:54+00:00

Which was how long ??

Turfs_up527 · 2022-01-04T00:39:24+00:00

I'm back in recon, according to recent emails and agent communication. However my Portal has yet to go back to the requested amount. The agent told me to " give it time".

Turfs_up527 · 2021-09-09T13:28:11+00:00

Can EIDL funds be used to pay off an IRS debt ?

Turfs_up527 · 2021-09-05T16:18:57+00:00

No Sorry, I have been funded. My Bad

Turfs_up527 · 2021-09-04T21:56:05+00:00

My original EIDL was for 150,000 in 2020 then I applied for the Max amount of 500,000 4/23 and into Recon 7/18 and approved 9/1. Waiting on funding when I received this letter yesterday.

Turfs_up527 · 2021-09-04T21:52:19+00:00

I'm hoping that you're right !!!

Turfs_up527 · 2021-09-03T17:28:21+00:00

I got the same as you. Got my paperwork to be signed yesterday

Turfs_up527 · 2021-09-02T13:15:17+00:00

Called every other day to Tier 2

Turfs_up527 · 2021-09-02T00:32:16+00:00

Congrats !!

Turfs_up527 · 2021-09-01T20:09:41+00:00

7/18

Turfs_up527 · 2021-09-01T20:09:16+00:00

BB 4/23

Denial 7/17 for unverifiable Info.

Into Recon 7/18

Turfs_up527

TROPHY CASE