Another provider has already secured a PPP loan for your business/organization
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Hi guys -
I have a quick question - we have submitted a PPP application to SBA through PayPal, and have just received the following email note:
=== Begin Quote===
Thank you for applying for the Paycheck Protection Program Loan through PayPal.
We submitted your completed application to the SBA and have received a response from the SBA indicating another provider has already secured a PPP loan for your business/organization. Each business entity can only receive one PPP loan. Therefore, we will not be able to continue the processing of your loan application.
If you do not have an approved Paycheck Protection Program Loan through another provider, please click here to provide your feedback so that we can follow-up as appropriate.
=== End Quote===
Since we have only ever submitted one PPP application - through PayPal - we are a bit confused and concerned. Does anyone else have an idea what is going on and what we can do? Do we need to be concerned about identity fraud?
We would be grateful for any response. Thank you!
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