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Paypal PPP Email Just Now

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PoochiDeals
New Community Member
Posted on

Just received an email below. I didn't submit a request to cancel. Should I be concerned? I already used some of the funds for Payroll, etc. 

 

PLEASE DO NOT REPLY TO THIS EMAIL – INCOMING MESSAGES WILL NOT BE RESPONDED TO 

 
 
 
Hello XXXX -
 
 
 
This email is in response to a request to cancel your PayPal Paycheck Protection Program Loan. 
 
 
If you wish to cancel, you will need to return the funds to PayPal via wire transfer within 10 days.  Upon timely receipt of the full principal balance of $X,XXX.00, we will take the necessary steps to rescind your loan. From the time you’ve sent the wire, please allow at least 5 business days for us to receive the funds and post the updated balance to your account, at which time you will notice the changes reflect on your loan upon logging into the loan portal. 
 
 
For your reference, payment wire instructions are listed below. 
 
 
Bank Name: Silicon Valley Bank 
 
Bank Address: <removed>  Santa Clara CA 95054 
 
Routing Number: <removed> 
 
Beneficiary Account Number: <removed>
 
Beneficiary: Swift Financial 
 
Mailing Address: <removed> Wilmington DE 19810 
 
 
 
Sincerely, 
 
The PayPal Business Financing Solutions Team 

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