I received an email from BofA last week asking for documents in Intralinks. I uploaded the complete documents on Friday 4/10 7pm. I uploaded them one at a time since the interface was buggy to say the least. I then received 4 separate emails stating that new documents are available.
The problem i had was that in no way could I download the Addendum document. I ended up screenshooting the pages in sections, printing them out, then manually cutting and pasting the partial pages together to recreate the document, which I then filled out by hand and scanned. My DIY version is the best I could do under the circumstances.
This morning I logged in to try to print the Addendum document and now anything links or documents that were there previously are gone, including our company name.
Did any of you encounter the problem of a document not downloading?
Thanks for your feedback. Thank God we are all in this together...
never mind.. that was SBA.com... sorry about that!
We applied on Saturday, received email to upload docs to intralinks last Tuesday and uploaded all docs that Tuesday at 11:30 am Eastern. We just received the call as others described today a few minutes ago and confirmed that, yes, we did upload all the docs last Tuesday. The gentleman said he is handing the loan to SBA as soon as possible and does not have any specific timelines as to the processing and funding.
But I am glad we are in the pipeline.
I decided to try Intralinks one more time.
This time when I logged on, my 'acct' and uploaded forms were still there.
I was able to download the Addendum form, fill it out and save it online, delete the first try and upload the 'official' version.
So if you had/have a download problem, persistence is the remedy. And thanking God too.
We submitted our application on April 6 and received email confirmation. Still haven't received the email with Intralinks access to submit documents. I checked the spam folder and nothing is there. Any one else still waiting on this? It's been 7 days now.
Try logging into intralinks , by entering your email and requesting a new password. It worked for me and I was able to upload the documents needed and saw a code assigned to my company name. I uploaded all documents and then got this email which showed my documents were uploaded correctly.
New documents are now available in the Small Business - CARES 202XXXX XX exchange. You have been provided a link to access it below.
Number of Documents Available: 4
Exchange: Small Business - CARES .........
Unfortunately, this did not work. The security questions did not match up.
I applied the morning of April 4th and I received the email asking me to upload documents the evening of April 7th. I uploaded my documents the morning of the 8th. I received a phone call last Friday from a local area code purporting to be a BofA rep. I called the number back and left a message. The rep called me back to confirm he was calling form BofA regarding my PPP application. He advised me to make sure my documents were uploaded and he told me I was in queue. I periodically log-in to my intralinks account to see if there are any updates but as of today nothing has changed. I hope this timeline helps. Best wishes everyone and stay well!
Hi, I uploaded my documents on 4/6. I have since received two phone calls from BOA representatives asking me if I uploaded my documents. Neither mentioned that since i uploaded my documents on 4/6, other documents and directions had been added. It was only through this forum that I realized I needed to do more! I also noticed in the (new) directions that it specifically said to make sure you don't change the document name - which I had done with my initial documents. I re-did the loan template which had changed since I uploaded it on 4/6 and I correctly named my documents and deleted an extra documents i had uploaded.
The required documentation sheet was also new since 4/6 and I would encourage everyone to take another look at what they have submitted and how they named their documents.
I would, as others have mentioned, really appreciate it if, when people get their funds, they let us know. : )
Regarding changing the name of the document - do they mean how it is listed in Intralinks or how they listed it on the instructions -
i.e. in Intralinks it names document PPP Application Addendum _4.
In the instruction document it is named the Bank of America Paycheck Protection Program Application Addendum (located in your Bank of America Intralinks Library folder)
Which would be correct?
I'm sure many of you are watching the news of the PPP loan approvals, and that Bank of America had already received like $36 billion in loan requests by Monday. I wanted to share my timeline and experience. I think it would help to know that thousands of other SMBs are going through the same anxious process.
I filled out the BofA loan application at 8:15am (Central) on Friday. I received the Intralinks email on Sunday at 12:41pm (over 2 days later). I submitted the required documentation at 1:45am on Monday morning. I haven't had any response as of Wednesday at 10 am (2 days later).
I submitted BOTH the 2019 reports and the "last 12 months" (4/1/2019 - 3/31/2020) requested by Bank of America. The conflict between the Treasury Dept (2019 data) and the SBA (last 12 months) is frustrating. I also deducted the average monthly federal withholding and payroll taxes (both employee and employer portions) as directed by the SBA and Bank of America's example.
It's frustrating because "payroll costs" definitely include the my portion of FICA and FUTA. However, that was specifically excluded in their formula per the SBA Interim Final Rule. See section g3 on page 11 of https://www.sba.gov/sites/default/files/2020-04/PPP--IFRN%20FINAL_0.pdf
Payroll costs are 80% of our total monthly expenses. We are a perfect candidate for the PPP loan, with sales dropping off a cliff and we plan on keeping all employees.
UPDATE: We finally got funding on Wednesday, April 29th!
Message was edited by: Brian Sweat