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Posted on 4/27/20 at 9:51 pm to salty1
(no message)
This post was edited on 8/13/24 at 9:34 am
Posted on 4/27/20 at 10:01 pm to Captain Want
....
This post was edited on 10/1/21 at 4:47 pm
Posted on 4/27/20 at 10:33 pm to salty1
salty, any recommendation for someone in Jefferson Parish? Mine is in with Fidelity, but was told they have been limited because the system is terrible. I was unfortunate on round 1 and banked with Capital One, who did not take any applications and moved to this bank because of that. Told by this bank they would take care of it. Very frustrating!
Posted on 4/28/20 at 4:12 am to gcgris
...
This post was edited on 10/1/21 at 4:47 pm
Posted on 4/28/20 at 6:23 am to salty1
quote:
Louisiana FCU
So a credit union that pays ZERO taxes gets to use taxpayer money for loans? Seems fair.
Posted on 4/28/20 at 7:39 am to Kreg Jennings
I got approved through the bank of Zachary in 2 days. I bank with chase and originally did the application through them the first go round. Obviously we all know the issues with them. Called Bank of Zachary and submitted the docs they requested on Friday. Yesterday around lunch I got an email saying they submitted my app and SBA approved it and they would be emailing me the loan docs to sign. I’m swapping my banking over to them once everything gets back to normal.
Posted on 4/28/20 at 7:50 am to Kreg Jennings
...
This post was edited on 10/1/21 at 4:47 pm
Posted on 4/28/20 at 7:56 am to salty1
quote:
f they had your app prior to today or early this morning...it was submitted.
That is an awesome update
Posted on 4/28/20 at 8:17 am to salty1
quote:
Pelican FCU
centric fcu
Louisiana FCU
Pelican told me that they arent taking apps anymore and Louisiana just told me they arent doing these loans or any commercial stuff at all. centric said they are only doing local business.
This post was edited on 4/28/20 at 8:54 am
Posted on 4/28/20 at 9:32 am to diat150
...
This post was edited on 10/1/21 at 4:46 pm
Posted on 4/28/20 at 9:50 am to salty1
quote:
Mine is in with Fidelity, but was told they have been limited because the system is terrible.
this is an understatement....I can usually process a file in Etran in 5-10 mins max. I got in 7 files from the time it opened at 10:30 until 8:00 last night.
Posted on 4/28/20 at 10:31 am to salty1
I just got a call, my loan submitted yesterday was approved by the SBA today.
Posted on 4/28/20 at 10:47 am to wickowick
Still nothing from chase or nymbus here. Smh
Posted on 4/28/20 at 11:20 am to TigerDeBaiter
Nothing from Whitney or neighbors.
Posted on 4/28/20 at 11:48 am to wickowick
...
This post was edited on 10/1/21 at 4:46 pm
Posted on 4/28/20 at 11:50 am to lazcreek
....
This post was edited on 10/1/21 at 4:45 pm
Posted on 4/28/20 at 12:27 pm to salty1
that's actually good to know, of all the things we have looked at somehow I had it in my head you could only have one app out with one bank 
Posted on 4/28/20 at 1:01 pm to salty1
Question for Salty1, you seem to be in the know on this. I got an approval from Nymbus meaning bank approved and waiting on SBA approval. That was yesterday and still nothing from SBA. Any ide on how long it should take?
Also I have a different business with app at Neighbors FCU. Said they had all they needed and that was as of SUnday before they could even submit this second round. Can't get any info past that they are trying to submit to SBA now. You think I am in good hands with them? I think it's too late to start another app at this point so I am hoping that between Nymbus and or Neighbors one or both come through. TIA
Also I have a different business with app at Neighbors FCU. Said they had all they needed and that was as of SUnday before they could even submit this second round. Can't get any info past that they are trying to submit to SBA now. You think I am in good hands with them? I think it's too late to start another app at this point so I am hoping that between Nymbus and or Neighbors one or both come through. TIA
Posted on 4/28/20 at 1:11 pm to GravelLotinCanada
quote:
meaning bank approved and waiting on SBA approval.
There is no SBA "approval". Banks underwrite the loans. They submit the loan through E-Tran to the SBA to get an SBA loan number and SBA guarantee. There is NO underwriting of the loan at the SBA level. Underwriting is done by your bank.
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