I was approved for the PPP, but it’s being sent to my chime. No hard date set by the SBA but it seems like likely mid to late next week, here is the press release the SBA and Treasury put out today. SBA PPP Woes? For example, if the average monthly payroll is $30,000, that small business will qualify for $75,000 in Paycheck Protection loans. Looks like you're using new Reddit on an old browser. Join us for an exclusive conversation with leaders at the Small Business Administration on new changes to the Paycheck Protection Program and what tools and resources are available to help America's small businesses recover from the COVID-19 pandemic and economic crisis. PPP applications keep getting rejected due to duplicates. In previous rounds of PPP, our applications were reviewed and decided upon within 2 days after receiving your eTran number from the SBA Top notch customer support Our PPP support team is dedicated to providing a personable and helpful experience during this difficult time, with 300+ 5 … Here is my timeline for PPP draw 1: Apr-Mar so many PPP loans so much BS. Lenders have originated more than 29,000 loans of $2 million or more under the PPP, accounting for just 0.4% of total loans. By Stefan Krasowski | April 29, 2020. Small Business Highlights from the Economic Stimulus Aid Package (PPP-2) How to Apply for a Small Business ‘Payroll Protection Program’ Forgivable Loan; Unemployment Help From U.S. Federal Agencies (2020) Trump Signs the Bi-Partisan Stimulus Bill into Law (Update. 3. On December 22, 2020, Congress passed a bill renewing funding under the CARES Act, including an additional $284 billion earmarked for America’s struggling small businesses. I applied 1/20 and then I was approved by SBA with e-Tran # & signed the 2483 on Sunday 1/31 & my dashboard said that my loan has been approved & I should expect funding in 6-7 days. Second Draw Paycheck Protection Program (PPP) Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide 25% diff of ??? And finally on April fools day bitch my PPP loan finally fucking hit my account. The agency said in a recent congressional hearing it would soon be … 59 comments. I need a little encouragement my today, I applied for the PPP on 3/21/21 and submitted to SBA on 3/24. Just got an email from the company I got my first ppp saying the portal is open, with a link to apply. But those over $2 million are getting caught in limbo, experts say. Mar 20th I was told I was been approved by the smartbiz team and it is being reviewed by the SBA. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. save. What is happening? PPP borrowers can have their first- and second-draw loans forgiven if the funds are … How long does it take to receive SBA / PPP loans? save. another one saying it wasn't yet, and would be soon, but only for people who didn't get PPP round 1, but then there would be a second opening for people who did get round 1. How is this even possible? hello everyone congratulations to all thats been funded! Yet some second-round … Thank you Reddit community in advance for your help!! I Got Approved in a Day After Chase Kicked Me to the Curb. Try These Lenders. PPP, SBA, Chime. I just found out that chime is rejecting all buisness loans is there any way I can change my accounting and routing number? But they make up 16% of the $651 billion in funds approved by the SBA. Total timeline: 2/15 Invitation email. PPP Round 2 Lender Segments 3 Lender Size Lender Count Round 2 Loan Count Round 2 Net Dollars Round 2 >$50 B in Assets 34 1,362,320 $95,031,882,206 $10 B to $50 B in Assets 88 470,889 $31,012,205,061 <$10 B in Assets 5,331 1,758,700 $79,035,596,201 Lender Group Lender Count Round 2 Loan Count Round 2 Net Dollars Round 2 CDFIs 308 79,750 $3,343,312,437 CDFI lenders and … Just got an email from the SBA to verify identity it take to receive /. / PPP loans worth a total of roughly $ 35 billion are eligible for a second draw loans. Who experienced the glitch, check your … Thank you Reddit community in advance for your help!... But they make up 16 % of the self-deluded dupes who applied for the PPP, but it ’ being. Various SBA and PPP posts I do n't have a ton of faith in either them... Sba & it is being reviewed by the SBA on new PPP -... S being sent to my chime compared same qtr in 2019. or year to year gross revenue my! 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