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PPP is available again in ETRAN...

Posted on 4/27/20 at 8:30 am
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 8:30 am
...
This post was edited on 10/1/21 at 4:53 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37081 posts
Posted on 4/27/20 at 8:40 am to
quote:

We have about 1,500 keyed and ready to submit


Good gracious.

How does that work, can you submit 1,500 at once, or you have to release them individually?
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 8:56 am to
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This post was edited on 10/1/21 at 4:52 pm
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56226 posts
Posted on 4/27/20 at 9:15 am to
So you’re getting approvals now?
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35525 posts
Posted on 4/27/20 at 9:19 am to
Thought it's opening up at 10:30 AM EST. 12 minutes to go.
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 9:27 am to
...
This post was edited on 10/1/21 at 4:52 pm
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 9:33 am to
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This post was edited on 10/1/21 at 4:52 pm
Posted by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 4/27/20 at 9:40 am to
The lag in the funding is going to wreck havoc on the system. Total overload since everyone had time to automate and now mass batch uploading.

Thanks Nancy
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7166 posts
Posted on 4/27/20 at 9:56 am to
Etran is fricked, but I have gotten one loan number of the ones I had put in.
Posted by Clint Torres
Member since Oct 2011
2662 posts
Posted on 4/27/20 at 10:06 am to
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4465 posts
Posted on 4/27/20 at 10:18 am to
System is absolutely overloaded......completely frozen and now I can't even log back in to key anything. Complete horseshite.
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 10:23 am to
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This post was edited on 10/1/21 at 4:51 pm
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7166 posts
Posted on 4/27/20 at 10:28 am to
Wonder if the banks with automated systems that are submitting thousands at once are able to get in. And if they are, are they able to get approval for all of them or just one at a time. I assume the big boys paid to have a backdoor into etran for approvals.
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 10:34 am to
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This post was edited on 10/1/21 at 4:51 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37081 posts
Posted on 4/27/20 at 10:37 am to
quote:

We’re not a “big boy” but we’ve automated the process and we can’t get in. A friend that had about 15,000 to submit can’t in either.


Just because the private sector has automated, doesn't mean the government agency's computers have the capacity to accept all that at once.
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 10:49 am to
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This post was edited on 10/1/21 at 4:51 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37081 posts
Posted on 4/27/20 at 11:10 am to
quote:

The SBA saw it coming...they’ve been communicating with us throughout the process. There’s no excuse for them to be caught off guard. They should have had every private contractor in the business freeing up resources to handle the onslaught. They obviously didn’t. Typical government response...basically do nothing.



I know it sucks, but you can't be surprised by this.
Posted by Skeet Mc
Member since Dec 2006
2849 posts
Posted on 4/27/20 at 11:24 am to
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Ad infinitum
Posted by JohnWicksDawg
Member since Mar 2018
358 posts
Posted on 4/27/20 at 11:27 am to
quote:

We’ve been building this over the last two weeks. The big boys (BOA, Finastra, Melon, etc.) have been in the testing environment with us.
What bank are you with ?
Posted by salty1
Member since Jun 2015
4429 posts
Posted on 4/27/20 at 11:30 am to
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This post was edited on 10/1/21 at 4:50 pm
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