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Started By
Message
SBA Loans
Posted on 3/26/20 at 8:55 am
Posted on 3/26/20 at 8:55 am
Has anyone started the SBA Loan process? If so, what information are they requesting? Other than the assumed website lag times, how was the process?
The BoD of my company finally gave me the greenlight to start the application process.
The BoD of my company finally gave me the greenlight to start the application process.
4
Posted on 3/26/20 at 9:01 am to Weekend Warrior79
I was damn near done with it on Tuesday, but it went down for maintenance and now this morning the login button has disappeared.
I will have to get on the phone to see how I need to proceed.
I will have to get on the phone to see how I need to proceed.
Posted on 3/26/20 at 9:10 am to Weekend Warrior79
I’ll know if approved soon as I finished it yesterday.
Posted on 3/26/20 at 9:12 am to MrJimBeam
quote:
I’ll know if approved soon as I finished it yesterday.
Did you apply online? Site was down for maintenance every time I tried to go finish
Posted on 3/26/20 at 9:24 am to LigerFan
Applied last week, sent in docs, still haven’t heard anything
Posted on 3/26/20 at 9:53 am to Weekend Warrior79
started one the other day was slow as hell then went down for maintenance.
is everyone seeing it the same way i am now? there's no more login?
guess everything i have done in those prior sections on tuesday is gone and i hate that it wants my personal SSN, not just FED ID.
it wants us to download a pdf and upload it completed to that box for business forms?
just want to make sure others are seeing the same way im seeing.
is everyone seeing it the same way i am now? there's no more login?
guess everything i have done in those prior sections on tuesday is gone and i hate that it wants my personal SSN, not just FED ID.
it wants us to download a pdf and upload it completed to that box for business forms?
just want to make sure others are seeing the same way im seeing.
Posted on 3/26/20 at 9:56 am to coonasstiger
quote:
started one the other day was slow as hell then went down for maintenance.
is everyone seeing it the same way i am now? there's no more login?
guess everything i have done in those prior sections on tuesday is gone and i hate that it wants my personal SSN, not just FED ID.
it wants us to download a pdf and upload it completed to that box for business forms?
just want to make sure others are seeing the same way im seeing.
Just got off the phone with their help line. They are saying that the login not being available is a temporary issue and it should be back up before tomorrow. As long as you saved the information that you input, you should not have lost anything.
This post was edited on 3/26/20 at 9:57 am
Posted on 3/26/20 at 9:59 am to Weekend Warrior79
They also have approved SBA loan lenders in Louisiana. May be easier then trying to navigate the online application.
LINK /
LINK /
Posted on 3/26/20 at 10:05 am to Penn
What type of documents have they requested?
I know I need 2017 & 2018 personal returns for all owners.
Personal Financial Statements for all owners
Corporate return for 2019 (if filed, 2018 if not)
Signed 4506 so they can request your tax transcript
Am I missing anything? I am trying to get everything together so I can do it all at once, as I am having to fill multiple shoes until we can get back to full speed.
I know I need 2017 & 2018 personal returns for all owners.
Personal Financial Statements for all owners
Corporate return for 2019 (if filed, 2018 if not)
Signed 4506 so they can request your tax transcript
Am I missing anything? I am trying to get everything together so I can do it all at once, as I am having to fill multiple shoes until we can get back to full speed.
Posted on 3/26/20 at 12:04 pm to Weekend Warrior79
That’s it
Posted on 3/26/20 at 12:26 pm to Weekend Warrior79
Question though - I believe some of these loans would eventually be forgiven if basically used to maintain payrolls. What about interim payments and interest though? I could see where they may not require payments for a short period the lenders/feds going to provide these interest free or with interest forgiven also ?
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