Domain: tiger-web1.srvr.media3.us PPP is available again in ETRAN... | Page 4 | Money Talk
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re: PPP is available again in ETRAN...

Posted on 4/28/20 at 1:14 pm to
Posted by TigerDeBaiter
Member since Dec 2010
10712 posts
Posted on 4/28/20 at 1:14 pm to
Just saw on CNBC SBA is banning automated bots from submitting to etran now.

In other news, if you were low on the totem pole at a large bank you’re still fricked.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 4/28/20 at 1:26 pm to
I've been telling a friend to switch from PNC to a smaller local bank for two weeks.

He finally did today. I hope his stupid stubborn arse isn't fricked.
Posted by MotorbikeMike
Chackbay
Member since Feb 2009
212 posts
Posted on 4/28/20 at 1:36 pm to
Any idea how much they've used from this round?
Posted by LSU6262
Member since Jun 2008
7980 posts
Posted on 4/28/20 at 2:19 pm to
quote:

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.


So does this essentially mean if you have an SBA loan number you will be funded?
Posted by diat150
Louisiana
Member since Jun 2005
47430 posts
Posted on 4/28/20 at 2:22 pm to
dont be confused by the bank assigning you a case#. The sba loan # is the only one that matters.
Posted by Whodatforlife21
Big Easy
Member since Apr 2013
1973 posts
Posted on 4/28/20 at 2:33 pm to
If banks are hard to get through someone suggested me to create an account with Square and apply for the loan with them.
Posted by igoringa
South Mississippi
Member since Jun 2007
12279 posts
Posted on 4/28/20 at 2:49 pm to
Getting So annoyed.

Application 1 put in weeks ago with BoA. Last week they said they have done their part and will submit when opens up. Nothing yet.

Application 2 through the link va buckeye posted - nothing yet feedback wise.

Application three through citizens (not LA one).... waiting their internal approval.

Craziness.
Posted by salty1
Member since Jun 2015
5134 posts
Posted on 4/28/20 at 3:16 pm to
...
This post was edited on 10/1/21 at 4:45 pm
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 4/28/20 at 4:09 pm to
Shoot me an email and I’ll forward it to Travis. He’s been good about getting back to people.
Posted by TROLA
BATON ROUGE
Member since Apr 2004
14562 posts
Posted on 4/28/20 at 4:29 pm to
Went with chase first go round.. didn’t get anywhere. Was recommended to use citizens bank & trust last week along with Investar. Both were very responsive. Got approved today though Citizen's..
Posted by gcgris
Member since Apr 2020
11 posts
Posted on 4/28/20 at 4:44 pm to
I just wanted to thank those who have been helping everyone with this. You guys are good people! Thank you salty, but did not have to use your rec, but appreciated it. I got my loan number and approval about an hour ago through Fidelity. The guys over there were awesome and after working through the glitches and getting new software pushed it through quick.
Posted by medtiger
Member since Sep 2003
21970 posts
Posted on 4/28/20 at 5:32 pm to
Got loan docs from Regions early this afternoon. I was quite surprised as that was my original application from round 1, and I opened an account at a smaller community bank to submit a PPP loan app with them, and I also applied through a credit union after round 1 funding was exhausted. But Regions ended up getting the job done.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
9604 posts
Posted on 4/28/20 at 5:53 pm to
Waiting on 3 Sch. C’s from my accountant- should be tomorrow AM...hopefully
Posted by McLemore
Member since Dec 2003
35045 posts
Posted on 4/28/20 at 6:50 pm to
I got $1000 EIDL advance and a few days later one generic email saying some BS. That's it. I applied literally seconds after the portal opened. I actually applied before it was opened and then reapplied so I could get the "up to $10,000 advance."

I'm beginning to wonder whether EIDL actually exists any more.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/28/20 at 8:20 pm to
I’m being told I was approved. But I don’t have an etran # yet
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 4/28/20 at 8:34 pm to
Fingers crossed.
Posted by McLemore
Member since Dec 2003
35045 posts
Posted on 4/28/20 at 8:37 pm to
When did you get the approval email?
My non-update update email was two weeks ago.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/28/20 at 9:14 pm to
quote:

When did you get the approval email?
My non-update update email was two weeks ago.


No email. Banker called and said it was approved by SBA. He didn’t have ETRAN # available as another department is actually entering the apps in...should know more tomorrow.
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17839 posts
Posted on 4/28/20 at 9:19 pm to
Glad to hear golfer, seems like the right small business are getting the funds this go round

I think mclemore is asking about EIDL did you hear anything about that or just PPP
This post was edited on 4/28/20 at 9:34 pm
Posted by McLemore
Member since Dec 2003
35045 posts
Posted on 4/28/20 at 9:31 pm to
Wait are you talking about PPP or EIDL?
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