I'm curious who has filed and if you've been funded. In the same spirit of the NFA wait times thread, post what bank and date. If you get funded, you don't have to list the amount, but I'd be curious what percent of the funds you requested that you actually receive.

As a business owner, I'm very anxious to see if these funds come through and in what amount. Knowing what others are receiving and the timing I think would be interesting/informative.


Here's ours...

Bank: Chase
Filed: Sunday April 4th about 8:30 pm.
Funded Status: Unknown

Bank: SunTrust
Filed: 1st attempt saturday around 1330
Futile efforts until Monday 0930

Status: Waiting....

Yes, Friday 4/3 around 12:30 PM

BofA - Easy Peezy online app

Got an email Sunday night to upload payroll docs, did that.....

Fingers and toes crossed

Bank: NFCU
Filed: 7 Apr ~1PM
Status: Received
awaiting contact from bank - they stated within 48 hrs - but I bet they were swamped. They were a bit late to to gate with a program and would not return any of my calls. Even told me to go and find another local bank!

For you business owners, another part of the SBA loans. The CARES ACT.

It pays six months principal, interest and fees on micro loans. Land purchases, improvements, equipment and new construction.

https://www.sba.gov/funding-pr...ions/sba-debt-relief

I have been sending this info to all of my clients

US Bank. They asked on Saturday 4/4/20 for the app and I had it in by 2pm EST.

They are looking at it supposedly. I have sent no documentation yet.

Bank: Trustmark Bank.
Filed Sat. 4/4 at 0730. We were among first 10 at our bank.
Confirmed today they passed it over to SBA, waiting. Uploaded support for payroll, retirement, benefits, corporate status, etc. along with application process.

I've not heard of any actually funding in area or on professional association message board I'm on.

News reports SBA having approved 275,000 applications for 70,000,000,000. Precisely why we got ours in 30 minutes after our bank's portal went live.

This message has been edited. Last edited by: Georgeair,

Submitted Today
BOA
Easy peasy for online BOA business customers.

Chase has been giving "error" messages during the submission, and directed to another page where you fill your name and information to wait for a call back.

David - seeing more and more instances where small local banks are being more successful at helping with this. If you've got a relationship with one, even if not your primary business bank, may be worth a shot. Heck - you probably have customers who are tied in at higher levels with local banks too.

Seaside National
Submitted Monday at noon
Verified that all docs received and in processing


I am a real estate attorney and word on the street is larger banks ie Wells BofA and Chase are slow walking deals to SBA trying to increase the reimbursement to them for processing.

Filed on behalf of my service dog non-profit yesterday. The online application process was very glitchy and it took a few hours to get it done. No idea when funds will arrive.

We did on Monday, local bank the company deals with.

Kabbage. Filed as much as I had, but they are requiring further IRS docs that won't be available until May 15. Anyone else have this?

04.08 UPDATE: Forms just became available, application submitted.

This message has been edited. Last edited by: kkina,

My general partnership filed with SunTrust (Truist) on Saturday.

No word on status yet.

My banker at Townebank says he himself is working on over 100 applications that are in various stages of processing.

Many, perhaps most, banks seem to be overwhelmed by this right now.

Yes. Started process even before the CARES Act under WA state declaration of emergency.

No word on status yet.

PNC, filed Saturday April 4...it was a complete pain in the ass....the program kept crashing/...took us probably 4 hours to accomplish what should have taken 15 minutes

Still no funds;

I called my medical business account manager today and was told my loan was at underwriting

Supposed to call him back Friday morning to check status

PNC is apparently treating these the same as they would a normal loan

We've been approved, still waiting on funding. App in last Friday. Yes, we used our local bank.

Chase Bank made the application process and absolute nightmare. We got ours in finally after about 7 attempts.

There is something fishy going on with my local bank, First Bank in North Carolina. Contacted them last week about applying and told they were not accepting applications. Sent me an email late Friday. I got the documents and emailed them yesterday with a question about clarification of what additional documents they needed above the 940's and 941's. Sent another email today about not receiving a response. Got a phone call from the branch manager saying they were already over subscribed.

From the beginning the branch manager has tried to dissuade my company from applying for the loan. I kept asking her when she was accepting applications, never heard a reply, so I just filled out the doc from the treasury department website and emailed that and other documentation that I think they would need to her.

I was so upset, I contacted customer service and asked to speak to the regional VP. He returned my call and started spouting off tons of excuses. I finally asked him, "so you are basically telling me to go pound sand." He said yes, and that if they got any additional funding he would let me know. I was appalled.

Does anybody know of a contact in the SBA who is handling these loans. What happened does not seem kosher looking at some of the posts in this thread.