The PPP loan amount from loanbuilder for paypal seems wrong

shawninboston
Contributor
Contributor

Got a paypal loan contract to approve-esign for the PPP, the approved loan amount is $9.1K and I cannot approve that as I think its wrong.  I submitted proof of 9 employees at $2K for one week and final pay period of Feb, 2020.  How can the 2.5X be only $9.1K?  something is wrong.

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3 REPLIES 3

directhr
Member
Member

I agree, I have 8 employees and when I did it with chase it was a lot higher and I was sent the contract via docusign? what does that mean - we are approved?

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shawninboston
Contributor
Contributor
I cannot allow approval. I’m about 1/2 short. Looking for someone to evaluate my file in PayPal.
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directhr
Member
Member

I have emailed a few times, I called the 800# and I spoke with someone before 9am and they were going to send my message but they said they are backlogged.  

 

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