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Posted on 4/10/20 at 2:43 pm to VABuckeye
deleted
This post was edited on 4/10/20 at 3:09 pm
Posted on 4/10/20 at 2:45 pm to JohnWicksDawg
quote:
I don't think you can apply with multiple banks. Seems lik e one of the questions on the appl. was whether or not you have applied elsewhere for an SBA loan.
You technically can't but the first to get an SBA loan # (tied to EIN) owns the loan. The other just gets rejected by the SBA.
Email incoming to you.
Posted on 4/10/20 at 3:08 pm to VABuckeye
(deleted)
This post was edited on 4/10/20 at 3:40 pm
Posted on 4/10/20 at 3:22 pm to Hermit Crab
I am an underwriter for a regional bank. We have processed over 2000 apps but SBA approval is slow as the system crashes often.
Posted on 4/10/20 at 3:41 pm to VABuckeye
Our owner is still getting the runaround. Would you mind posting his email again?
Posted on 4/10/20 at 4:17 pm to nolabnkr
We filed ours with a local bank on opening day. Received the SBA loan allocation/number (I don’t know the correct term) over that weekend.
We’ve had a week of red tape, but that ends Monday when we will be funded.
We are fortunate.
We’ve had a week of red tape, but that ends Monday when we will be funded.
We are fortunate.
Posted on 4/10/20 at 4:22 pm to FlyinTiger93
Send me an email. Bill@ccillcva.com
Posted on 4/10/20 at 4:57 pm to FlyinTiger93
You are most welcome.
I'm going to leave my email up. Anyone in need shoot me an email. Like I said, we are all in this together!
I'm going to leave my email up. Anyone in need shoot me an email. Like I said, we are all in this together!
Posted on 4/10/20 at 6:38 pm to SippyCup
quote:
GCB&T cant tell me anything. I'm about ready to file with another bank. I'm assuming if one bank processes my PPP before the other I can always call and cancel.
The banker I’m working with at GCB&T texted me yesterday and said all applications in their queue as of her text would be processed/funded. Which would be both of ours.
Sorry I missed this post earlier.
Posted on 4/10/20 at 7:18 pm to Golfer
...
This post was edited on 4/20/20 at 6:52 pm
Posted on 4/10/20 at 7:21 pm to JohnWicksDawg
Sorry brother, hope it gets better for you
Posted on 4/10/20 at 7:23 pm to JohnWicksDawg
Did you connect with Robert?
I know it’s frustrating. It’s one reason why we have to rely on each other. I’m a lot smaller than you but we are all in the same boat. The baking system is bullshite. We have to find the ones that want to build relationships and work with us.
I know it’s frustrating. It’s one reason why we have to rely on each other. I’m a lot smaller than you but we are all in the same boat. The baking system is bullshite. We have to find the ones that want to build relationships and work with us.
This post was edited on 4/10/20 at 7:25 pm
Posted on 4/10/20 at 7:29 pm to 3morereps
It’s your bank, not the SBA. The process is up to them. Each bank is different.
Posted on 4/10/20 at 7:41 pm to JohnWicksDawg
Yikes. Ours has been communicating with me regularly and we’re talking about ~$20k (sole-proprietorship) and we aren’t a current GCB&T customer.
Our bank wasn’t doing them initially so I jumped on with Gulf Coast.
Our bank wasn’t doing them initially so I jumped on with Gulf Coast.
Posted on 4/10/20 at 9:28 pm to Golfer
FWIW - GC seems to have it together. Their website portal was ahead of most. Afraid they are overloaded logistically with trying to process what they have in house. Not different from any other small bank that is in the game. Probably better shot then a Cap One who has yet to allow an application. Not many banks are accepting apps from business that was not a customer when this started.
Posted on 4/13/20 at 12:30 pm to VABuckeye
quote:I called him this morning after getting zero info from my bank. Super nice guy.
Did you connect with Robert?
This post was edited on 4/20/20 at 6:51 pm
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