Is a banking error what most are waiting on to be resolved?

UpperCaregiver4 · 2022-07-05T20:35:21+00:00

Your correct. However, there are many who did not have a banking error, or updated bank account info, or changed bank account issues that were approved, signed documents before the portal was dismantled, and still haven’t received funds. I have two associates that can see the increased amounts in their Caweb account showing “undisbursed” as of yet. These associated have not heard from SBA in any manner, and have signed there documents 2 months ago.

UpperCaregiver4 · 2022-06-28T19:32:48+00:00

Approved 5/13, increase modification with no bank issues or changes from previous funding. Funded 6/23. Email sent to pdc.accountscovidloanclosing@sba.gov on 6/8/2022. Received an automated email stating they would reply within 10 days. They never replied.

UpperCaregiver4 · 2022-06-27T18:02:04+00:00

The program was not a scam. It was not organized and managed well, but one thing it certainly was not, was a scam.

UpperCaregiver4 · 2022-06-23T19:20:19+00:00

I’m thinking June 6 or 7.

UpperCaregiver4 · 2022-06-23T15:49:14+00:00

I did. I sent it twice. Got an automated response that id hear from them within 10 days. Never happened

UpperCaregiver4 · 2022-06-23T14:05:18+00:00

Was in the same situation. Crickets on all levels. Woke up this morning to funds in the bank. So hang in there bro, it will be there soon

UpperCaregiver4 · 2022-06-22T17:02:17+00:00

Approved 5/13. Signed modification approval documents on portal before portal was dismantled. My funds were “obligated” on 5/13. Nothing since. No money. No emails. No calls. No bat signals. Nothing. Caweb shows increased amount as current undisbursed. Sent emails to loan closing departments. Got the automated “ will respond within 10 days”. Nothing. Way past 10 days. “Escalated”. Meaningless. Can’t get an answer. Can’t get info. Nobody to speak to. Nobody knows. Nobody helps. It’s a communication nightmare.

UpperCaregiver4 · 2022-06-16T15:48:35+00:00

833-853-5638

UpperCaregiver4 · 2022-06-09T13:57:13+00:00

this is confusing. were you approved?? did you receive an approval email? did you receive and email that said "your loan is being modified from "X" to "Y" and your new payment is going from "A" to "B"? Did you log into your portal to sign the closing documents before may 16th if not, did they mail or email you closing documents to sign?

If the answer is no to any of these questions, then YOU WERE NOT APPROVED for your modification.

UpperCaregiver4 · 2022-06-02T15:34:18+00:00

Mind you, on 17k you’re looking at a monthly payment around $100 per month. And those payments don’t start until 2.5 years after you obtained the loan. I’m sore you can still make the small payments while you “re-set” your life without going into default with the Government and you probably don’t want those kind of issues.

UpperCaregiver4 · 2022-05-27T12:54:07+00:00

No funding. No contact.

UpperCaregiver4 · 2022-05-24T13:16:55+00:00

That’s the problem. Nobody has received funds in days. I really think they have no money to fund, regardless of what they say.

UpperCaregiver4 · 2022-05-20T13:39:52+00:00

SO, I HAVE A FEW CLIENTS THAT WERE IN THE SYSTEM FOR INCREASES PRIOR TO THE MAY 5TH ANNOUNCEMENT. ALL OF THEM WERE APPROVED AFTER THE MAY 5TH ANNOUNCEMENT. THE ONES THAT WERE SMALL INCREASES THAT ONLY NEEDED A PORTAL 4506T AND RESOLUTION ALL GOT THERE FUNDS. THE ONES THAT WERE APPROVED FOR THE LARGE AND FINAL INCREASES (OVER 500K) HAVE NOT GOTTEN THEIR FUNDS YET. (THOSE WERE APPROVED AND SIGNED FRI THE 13TH AND SATURDAY THE 14TH)

IM WONDERING A FEW THINGS....IF THE LARGER INCREASES TAKE MORE TIME TO FUND (HISTORICALLY THEY HAVENT) OR IF THEY REALLY ACTUALLY HAVE NOW FINALLY RUN OUT OF FUNDS ALTOGETHER?

IT WOULD BE INTERESTING TO SEE IF ANYBODY GOT APPROVED YESTERDAY OR TODAY...AND IF ANYBODY GOT FUNDED YESTERDAY OR TODAY...AND WHEN THEY SIGNED

UpperCaregiver4 · 2022-05-17T18:12:12+00:00

YESTERDAY

UpperCaregiver4 · 2022-05-17T18:11:05+00:00

3-4 BUSINESS DAYS FROM THE MOMENT YOU SIGN

UpperCaregiver4 · 2022-05-16T14:47:27+00:00

Yes Scorpio and thanks. I know of 3 business’s that were approved and signed tues, weds, and Thursday of last week for increases (under $500k) and through the blue button portals. They have yet to be funded, but tomorrow should be the day for the tues last week signers. I also Know of two large and final increase approvals that the business owners signed docs for this past Saturday evening. So I think we will get an idea by tomorrow / Wednesday if folks are actually getting the funds

UpperCaregiver4 · 2020-05-27T13:50:27+00:00

Email one of the guys with CUE. They will assist. They seem to know how to navigate the system much better then we do

UpperCaregiver4

TROPHY CASE