However, Ros DiMere Inc’s data can advise exactly when, where, and time of day the numbers drove in like a freight train without brakes “sorry Pelham 123” and “the what” was occurring during that time period that affected millions of applicants.
During July 2020, a new department, RECON, was created solely to review declines, reconsider applications, and overturn the rejection. RECON stands for reconsideration. After a business has been declined, that business has up to 6 months to challenge the decision, rectify the issue, and resubmit for review and reconsideration. After submission for reconsideration to the RECON department, the turnkey for a final decision can take 60 to 90 days. The RECON department has been backlogged nearly one million-plus applications since day one, with thousands of applications adding daily to its existing queue.
Since October 2020, the RECON department’s production has inclined to reduce the wait time down to 30 days before receiving feedback. As time goes and the files are attended to, the turnkey will continue to reduce.
For more information, contact Ros DiMere Inc at 832-412-2140 or visit www.sbadefault.com.
