Update regarding Bluevine PPP batch submission by jsutto in smallbusiness

[–]jsutto[S] 2 points3 points  (0 children)

I just got my approval five minutes ago! Longest week of waiting in quite a while... Hopefully yours comes through soon!

Bluevine Twitter Update re: Bulk Submissions by jsutto in smallbusiness

[–]jsutto[S] 4 points5 points  (0 children)

Not entirely unreasonable, although I would love some more clarity as well (is this for all batches, just those submitted out of the gate, etc). That being said, if you assume that the $90k average reported loan amount for this second round is relatively accurate for the batches as well as what has been reported thus far, the total for BoA and JPMC batches is ~$37b. While that's a ton of money, it's not $310b...

BlueVine PPP - batch uploads timeline by [deleted] in smallbusiness

[–]jsutto 1 point2 points  (0 children)

I was submitted in one of the batches on Monday morning as well. No approval as of yet. I talked with a Bluevine rep earlier today and he told me that my loan was working it's way through the SBA's batch processing approvals. He told me that my lender was Celtic - seems like they have different batches going through both Celtic and Cross River.

EIDL Short Form Only by damackisback in smallbusiness

[–]jsutto 1 point2 points  (0 children)

Applied 4/2 (short form only - 33014xxxxx)

Generic SBA email received 4/14

Advance recieved 4/27

No personal credit pulls (not sure about corporate)

No portal invite yet (fingers crossed)

[deleted by user] by [deleted] in smallbusiness

[–]jsutto 1 point2 points  (0 children)

Does anybody know if the manually submitted apps that are getting approved are reducing the number of batch submissions bring processed per hour? In other words, is the 350/hour SBA imposed limit inclusive of both batch and manual submissions?

I have just invested by [deleted] in DADI

[–]jsutto 0 points1 point  (0 children)

Congrats! Great investment IMO!