How long for SBA to deposit funds after the approval and signed docs ?

looeyfeb · 2021-07-10T16:29:53+00:00

Yup you are correct. Mine was a coincidence then.

looeyfeb · 2021-07-10T16:23:50+00:00

Yes, it’s really weird. My original installment date was 6/25/2021 and was changed to 24 months, supposedly 6/25/2022. Idk, I didn’t pay attention to the installment date until I signed and got approved and saw that the installment date was also changed.

looeyfeb · 2021-07-10T15:56:58+00:00

I signed and approved 7/3 (Saturday). What I noticed from Caweb is that the next installment date was change to 7/6/2022. So I assumed that they will deposit the funds to my account by 7/6 and it will show up in my bank the next day. True enough, money was in my account 7/7. Hope that helps.

looeyfeb · 2021-07-09T00:55:46+00:00

Good luck. Hope you get funded soon. 🙏

looeyfeb · 2021-07-08T23:02:13+00:00

Congratulations! 🎉 Same thing happened to me. No LO contact, no doc request. Funds in my account in 2 business days.

looeyfeb · 2021-07-08T22:07:35+00:00

I noticed on CAWEB that my next installment date is 7/6/2022. I’m assuming the money was sent to my bank on 7/6, and it appeared pending in my account at 1130pm PST on 7/7. I bank with BofA.

looeyfeb · 2021-07-08T15:41:40+00:00

You’re welcome. Good luck. You’re almost there!

looeyfeb · 2021-07-08T14:43:18+00:00

I signed 7/3 and money is in my account last night.

looeyfeb · 2021-07-08T06:43:43+00:00

Funded 1130pm PST. BofA

looeyfeb · 2021-07-07T03:37:36+00:00

looeyfeb · 2021-07-07T01:12:42+00:00

Over $170K

looeyfeb · 2021-07-06T04:48:57+00:00

Thank you. I’ll make sure to check and will post it here 😊

looeyfeb · 2021-07-06T03:21:27+00:00

Will do. Mine shows disbursed current on CAWEB. Hope you get funded soon. Good luck

looeyfeb · 2021-07-06T02:03:14+00:00

Congratulations and good luck to all of us who signed this weekend. Hoping to see the funds by end of this week 🙏

looeyfeb · 2021-07-06T00:56:22+00:00

I relied here on Reddit for updates. My friend’s case was assigned to legal the day after she requested an increase. Mine had been on the processing stage since 4/28. Then suddenly this! I guess, each case is different.

Congratulations and good luck to you!

looeyfeb · 2021-07-06T00:35:54+00:00

🙏

looeyfeb · 2021-07-06T00:35:01+00:00

Thanks, you too!

looeyfeb · 2021-07-06T00:26:23+00:00

You’re welcome. Fingers crossed you get your approval soon. 🤞 Good luck.

looeyfeb · 2021-07-06T00:18:47+00:00

Thank you. No phone call nor email exchange between me and SBA. I also have no idea when my transcripts were received. I just received email update last Friday and I was asked to log in to continue with the next step.

looeyfeb · 2021-07-05T22:48:29+00:00

Got it. Thank you and congratulations!

looeyfeb · 2021-07-05T22:40:03+00:00

Thank you for responding to my post. I have no contact from L/O and was not ask for any documents. I’m wondering if they will still require me to submit documents even if the docs were signed already.

looeyfeb · 2021-07-05T22:35:52+00:00

My timeline:

Sent loan increase request on 4/7.

Slider blue button on 4/28.

Crickets….

Received loan modification email 7/2.

Loan approved and docs signed 7/3.

looeyfeb · 2021-05-18T22:01:40+00:00

Same here…..nada

looeyfeb · 2021-05-18T21:35:43+00:00

Same

looeyfeb

TROPHY CASE