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Started By
Message
PPP Loan no info received, switch lenders?
Posted on 4/21/20 at 2:03 pm
Posted on 4/21/20 at 2:03 pm
Original application submitted with Kabbage Lending through Resource Bank. No info received back, only correspondence was to supply DL info in addition to original documents, submitted, on April 3 and April 10. Fast forward to today, still no updates, whether declined, pending, additional doc's needed, nothing.
Should we apply with a new lender today, will it mess up our original application, will it screw the whole process?
Should we apply with a new lender today, will it mess up our original application, will it screw the whole process?
4
Posted on 4/21/20 at 2:41 pm to jmon
No. Stay the course.
Posted on 4/21/20 at 2:41 pm to jmon
I'm battling with the same thing as Hancock Whitney screwed up a large number of applications. I do not think mine ever made it out of the ClusterF of Hancock's headquarters. I have left my application with Hancock alone for now and I am trying to go through Iberia. I'm curious if that can be an issue to have them both in position to be accepted.
Posted on 4/21/20 at 3:04 pm to doya2
Thanks for the response. Speaking from experience or???
Posted on 4/21/20 at 6:26 pm to jmon
If you are still getting zero response then you might want to get on the phone to some banks and see if someone can help you.
Posted on 4/21/20 at 7:54 pm to jmon
With the pending additional funding, apply with an SBA approved community bank or CU. $60B of the $310B addition is dedicated to them. Especially of you do not have an SBA app number.
Posted on 4/21/20 at 10:37 pm to jmon
quote:Yes, apply.
Should we apply with a new lender today, will it mess up our original application, will it screw the whole process?
No, it won't screw up the process (sounds like it's dead in the water anyway).
Neighbors Federal CU in BR got a lot of good reviews in an earlier thread. Wouldn't seem like having a Mandeville address would be a problem.
Posted on 4/22/20 at 9:49 am to Statestreet
quote:
I have left my application with Hancock alone for now and I am trying to go through Iberia
Make sure to let your banker at Iberia know, so that they don't get an error when trying to pull your Etran number
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