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BlueVine PPP SBA Loan - ugh

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Creditaddict
Legendary Contributor

BlueVine PPP SBA Loan - ugh

First day it came available I applied and was instantly denied that "applicant didn't qualify"

Next day I receive an email saying that was system glitch, please use a different email and apply again.

I applied for all 3 of my companies.

This morning I have "we need another document" email for all of them... it's the document saying I own more than 1 company and list them.

Upload that to all 3.

Just received denials on all 3.

2 for "You already have an account with us" and 1 "We can't verify you"

On the phone now... WTH

 

I also have apps in at Chase but they seem so overwhelmed thought I would try to fast track with a brand new lender but this whole thing is just frustrating.

Message 1 of 3
2 REPLIES 2
Creditaddict
Legendary Contributor

Re: BlueVine PPP SBA Loan - ugh

Apparently you can only apply for 1 company.

SBA is the one that said unable to verify, so I have to contact them (email only!)

 

Message 2 of 3
sccredit
Valued Contributor

Re: BlueVine PPP SBA Loan - ugh

In fairness if the SBA already has you as submitted that means you fell under the first tranche and Chase did submit for approval for you.  You may well get the funding through Chase.  

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