April 28, 20206 yr Wow, If it only takes 5 minutes to get money from your bank, everyone should came and see you. I didn’t say or mean to imply that a customer is getting money from my institution in 5 minutes. The backend process SHOULD take about 5 minutes to get approval from the SBA to guarantee funding. That’s all I care about right now. We have a queue of hundreds of loans we are working through, but with the SBA site crashing every time you do anything, it’s very difficult to take care of our customers.
April 28, 20206 yr I didn’t say or mean to imply that a customer is getting money from my institution in 5 minutes. The backend process SHOULD take about 5 minutes to get approval from the SBA to guarantee funding. That’s all I care about right now. We have a queue of hundreds of loans we are working through, but with the SBA site crashing every time you do anything, it’s very difficult to take care of our customers. We haven't been processing SBA loans, yet. I'm waiting every day for that to change.
April 28, 20206 yr We haven't been processing SBA loans, yet. I'm waiting every day for that to change. I normally don’t do loans, I’m in compliance. I’m just trying to help with the volume. It was bad for round 1 of the Paycheck Protection loans, but not like this. The issue as I understand it is that they allowed bulk transmissions from banks that had over 15,000 applications and those bogged it down from the start.
April 28, 20206 yr I normally don’t do loans, I’m in compliance. Well you'll be happy to know I've almost completed all of my annually required training for 2020! :lol2:
April 28, 20206 yr Well you'll be happy to know I've almost completed all of my annually required training for 2020! :lol2: At least something good has come from this. :lol2:
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