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Last e mail was 8 days ago. It was the second email confirming the application was "stage 1". It also stated I would be notified again in 3 days. I have not received any communications in 8 days. I understand the backlog, but how hard is it to send another e mail? And if it is that hard why promise it?
@RavenManiac That's great news! Thanks for the update!
@Poolman I agree. I think their emails are automated and triggered by events. When I got the email for additional verification, the website changed from the standard you are in 1 of these 3 steps to an upload option. Then when I uploaded my bank statement, it went back to the standard verbiage of being in 1 of these 3 steps and haven't heard anything since. Like you, I'm anxiously waiting for an answer. I do not want to apply with another bank since I've already done everything with Paypal. Hoping we all get some good news soon!
Finally!!!! Just received docusign, everything went smoothly. This email came a few minutes later.
We have submitted your Paycheck Protection Program loan application to the SBA for approval.
No action is required of you at this time. We will notify via email when we receive a response from the SBA.
You can check the status of your loan application at any time by logging in
The PayPal Paycheck Protection Program Loan Team
@Poolman That is awesome! Thanks for the update and hope you get SBA approval soon!! Still waiting for communication on my side, but very hopeful!!
Congratulations! We are pleased to let you know that the SBA approved your Paycheck Protection Program Loan for XXXXXXXXX and assigned an SBA loan number. Your approved loan has moved into the funding review stage of our process.
We will, subject to final validations, disburse your PPP loan proceeds to the bank account you designated as part of your application by wire transfer. Another email will be sent to you after the loan funds are disbursed.
We know these are challenging times. Please be assured we are doing everything we can provide you with access to your loan funding as quickly as possible.
@Poolman , that's great news! I just received my SBA deposit a few days ago, so I'm good to go as well. I really appreciate everyone who participated in this forum and I wish you all the best moving forward. Stay safe and have an awesome weekend!
@Poolman That is awesome! Best of luck, and stay healthy and safe!
@SouthernOhio Thank you for sharing your experience and timeline. I am still waiting for a review and Docusign Documents. This forum has really help me keep my calm and stay engaged. Hoping all works out for everyone and we have better times ahead!