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PPP loan disbursement timeline

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ryan-allen3
Contributor
Posted on

Last week, I was officially approved for my PPP loan through PayPal.  How long does it take for the funds to get into my checking account, typically?

 

I ask, because I requested and was approved from $47,500.  Today, $3000 from the SBA was desposited into my account.  But I have no clue if these are releated.

3 REPLIES 3

PPP loan disbursement timeline

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BMD77
Contributor
I also recieved email saying my loan was approved by the SBA and that my funds would be deposited into my account. It has been 2 days now for me and nothing yet. Can you update your status now? What was the 3k? And did you get your loan?

PPP loan disbursement timeline

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ryan-allen3
Contributor

Hi - I did receive my funds about 7-8 days after the approval letter.

 

The $3000 is from the EIDL.  If what I'm told is correct, you get $1000 per employee and my company employs 3 people, not including myself.  So that's why that $3000 is there.

PPP loan disbursement timeline

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NazAmini
Member
How long did it take them to approve you? Mine has been 3 weeks now still pending

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