Posted by Skylark68 on 19th of Apr 2020 at 08:08 pm
The key is to get a loan number back from the SBA. Once
you have that, you'll get funded in 24 hours. Many banks are
not integrated to the SBA system, so it's manual and that cost many
businesses from getting their loans submitted to SBA and timely
reviewed prior to the shut off when funds ran out. Presumably
you do not need to re-apply when additional funds are allocated,
but you should closely monitor that to make certain.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The key is to get
we also applied thru our bank- about 1 1/2 weeks ...
Posted by Skylark68 on 19th of Apr 2020 at 08:08 pm
The key is to get a loan number back from the SBA. Once you have that, you'll get funded in 24 hours. Many banks are not integrated to the SBA system, so it's manual and that cost many businesses from getting their loans submitted to SBA and timely reviewed prior to the shut off when funds ran out. Presumably you do not need to re-apply when additional funds are allocated, but you should closely monitor that to make certain.