Post a new topic
    1 33 34 35 36 37 Previous Next 381 Replies Latest reply on May 5, 2020 5:19 PM by buddy2005 Go to original post
      • 510. Re: SBA approval timeline and experience
        drvincemarino Adventurer

        Finally funded BUT through a small bank via Fundera. Filled out app on 4/22 and funded today though a bank in PA ( Customers Bank) - B of A way worthless

         

        Sent from my iPhone

        2 of 2 people found this helpful
        • 511. Re: SBA approval timeline and experience
          rcc Adventurer

          rinalshah How did you find out that SBA doesnt have anything for your PPP?

          • 512. Re: SBA approval timeline and experience
            dkw2017 Adventurer

            How do you check that the SBA does or doesn’t have an update on your application?

             

            Sent from my iPhone

            • 513. Re: SBA approval timeline and experience
              cspensie Adventurer

              Hi everyone,

              Just a word of advice. I got an email from intralinks prompting me to go check intralinks. In it, I found a form called "Action Required Regarding your Bank of American PPP Application". The pdf basically told me I was missing Addendum #4 (which I wasn't). So it seems like this was overlooked when they checked my intralinks, so I basically looked at who uploaded this document into my intralinks. To find the name of representative who is handling your application, check the "Added By" column in intralinks. Let's pretend her name was Jane. What I did next was upload a Word Document called "Note to Jane (or insert rep name)" so that she could see it. Within my word document, I added a note explaining that my addendum#4 was already uploaded in my intralinks and she should check the portal again. I also called BoA yesterday (just main number) and was able to get ahold of a super nice representative and I asked the rep to message Jane who was charge of my application. Remember, I got this name from the "Added By" column in intralinks. She was nice enough to message Jane. I think internally they use skype or some other kind of internal messaging system. Jane told the rep (that I was on the phone with) that I was missing the addendum and I told her no it's uploaded and to please check again. Then this morning, I got the email that looks like the one below. I hope this helps anyone who is having the same issue.

               

              I think the issue was that I had the Addendum version 2 and version 4 uploaded ( I was an early applicant who had seen version 2 of addendum). My advice is to only upload version 4 to avoid any confusion. She probably only saw version 2 in intralinks and assumed version 4 was not uploaded which made her send me the "Action Required Regarding your BOA PPP Application". But if you are having other issues and need to point a file out, maybe upload a Word document so the assigned rep can see it.

              Bank of America.
              Good news - You've been assigned a SBA loan identification number
              • 514. Re: SBA approval timeline and experience
                rmahnken Adventurer

                Thanks for this info!  I sure wish I knew about it last week. I have applied through 4 different sources now -- this is so frustrating.

                1 of 1 people found this helpful
                • 515. Re: SBA approval timeline and experience
                  goafer Wayfarer

                  Interesting about the batch number... I have a 14 behind my date

                  • 516. Re: SBA approval timeline and experience
                    dsgnjnki Adventurer

                    Thanks BSweat for this thread it's been very helpful.

                     

                    My quick timeline

                    Applied for EIDL on 30th

                    Applied for PPP through BOA on the first Sat, couldn't on friday due to not having a cc with them.

                    I've held my business accounts with BOA since 2007, I run a small architectural firm staff of 4.

                     

                    Followed this thread which was extremely helpful.

                     

                    received the phone call to confirm docs where uploaded.

                     

                    received the email and checked intralinx on 4/22 that some docs where missing

                    it was one doc they never asked for before a 940/941 from feb 15th -30 or something

                    uploaded right away

                     

                    money ran out

                     

                    round 2 opens

                     

                    received app complete last monday the 27th but never received app submitted email

                     

                     

                    Rewind to when i first applied i logged in online and had a popup to verify business profile, when i looked they where listing my ssn as me EIN number.

                     

                    I tried calling and they said there was no way to fix over phone, and my local branch is closed due to covid.

                     

                    Yesterday i figured let me give sba another call and they confirmed the reason i didn't receive my initial 1k per employee is because they where unabvle to confirm me ein with bank or records dont match.

                     

                     

                    I immediately set up a meeting with a BOA branch this morning and went a few towns over to meet with someone in person and they updated there system and said someone from the back office would fix asap.

                     

                    10 mins after i walked out of the bank i received this email, coincidence??????????

                     

                    You're one step away from receiving Paycheck Protection Program funds

                     

                     

                     

                    You must complete and sign the attestation form and promissory note before we can approve your loan and disburse your Paycheck Protection Program loan funds.

                    What you need to do:

                    • ·  Sign into small business online banking using the same account credentials you used to submit your application.
                    • ·  Do not delay in completing this final step, including electronically signing the promissory note. Failing to do so promptly could impact your ability to receive funds under the Paycheck Protection Program.

                    What you need to know:

                    • ·  If all your information is correct and accurate, your loan funds will be deposited into the account provided on your application in 1-2 business days.
                    • ·  Information about your application status will not be available through our financial centers or contact centers due to the nature of this loan process and the steps involved.

                    We know how important this federal financial relief program is to small businesses in need, including your business, your employees and those you serve.

                    Thank you for being a valued client.

                    Seems different from what others posted i never received the app submitted email and the promissary note is now a popup when i log in

                     

                    Also they cut my loan down by 5k for some reason

                    • 517. Re: SBA approval timeline and experience
                      rmahnken Adventurer

                      Congrats!!!   I received the same email that it had been sent, but not yet supplied a number.  What batch were you in?

                       

                      Mine was 0404  -- batch 14
                      so wanted to see how far behind I am.

                      • 518. Re: SBA approval timeline and experience
                        mdw3 Wayfarer

                        I’m not sure the “batch” number priority makes any sense. Supposedly, then, I would be in batch number 2, but I received the submitted to SBA email on Tuesday (4/28), and nothing more since (other than the form “we’re working hard on your behalf” emails).

                        1 33 34 35 36 37 Previous Next