Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

PPP with BOA question for those with BOA

Notices

PPP with BOA question for those with BOA

Old 04-23-2020, 01:33 PM
  #1  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Posts: 1,012
Received 290 Likes on 167 Posts
Default PPP with BOA question for those with BOA

We did online application, got response to sign up with intralinks, did so, and uploaded all required documents. Then got an email from BOA small business just saying the 7 documents we uploaded are available.

Question I have is do we need to do anything else or does the last email indicate they have everything? Have 10 families wondering what's next. Would like to give them at least an accurate update.

Please no BOA bashing, this is not the time for that.
Old 04-23-2020, 01:38 PM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Apr 2001
Location: Rahway/Waretown NJ
Posts: 908
Received 27 Likes on 20 Posts
Default

This is what I got from BoA on the April 21st.
Name:  00000_logo_bofa_2019.png
Views: 182
Size:  9.7 KB Update on the Status of Your Paycheck Protection Program Application: Now In Review Status





Thank you for submitting your application for the Paycheck Protection Program through Bank of America. Here is an update on the latest status of your loan application.

We received the documents that you submitted to complete the loan package. Your loan application package is currently in review, as we work to fulfill the rules and requirements of this loan program with the Small Business Administration (SBA). If we need additional information during our review, we will contact you as quickly as possible.

When the review process is completed, we will alert you that your loan request is ready for us to send to the SBA. It will be sent when Congress provides additional funding to the program and the SBA is able to accept applications again.

You do not need to take any additional steps at this time. We will provide updates to you as soon as possible, in support of this critical financial relief program.

Thank you for being our client.
Old 04-23-2020, 02:48 PM
  #3  
Senior MemberCaptains Club Member
 
Join Date: Apr 2007
Location: Miami, FL
Posts: 3,135
Received 470 Likes on 274 Posts
Default

My email from BOA two days ago stated that the PPP application is complete and as soon as it’s open again they will submit for SBA approval. The SBA had already ran my credit the night before. So me thinks it’s already been submitted to them before BoA sent me that email. They are behind the 8 ball for sure.
Old 04-23-2020, 03:13 PM
  #4  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Posts: 1,012
Received 290 Likes on 167 Posts
Default

I’ll do a credit check and see if the looked. Thanks. Also thinking this is changing day by day so responses may not be the same.
Old 04-27-2020, 09:50 AM
  #5  
Senior Member
Thread Starter
 
Join Date: Feb 2012
Posts: 1,012
Received 290 Likes on 167 Posts
Default

Got a request today for a couple more documents needed so at least I know it’s in process.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.