Another provider has already secured a PPP loan for your business/organization

NetworkMakers
Contributor
Contributor

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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41 REPLIES 41

ShawnMac2020
Contributor
Contributor
Thank you
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ShawnMac2020
Contributor
Contributor
I received this email notifying me that another lender secured funding but that is impossible because I only applied with PayPal. I know this has to be error and I am very worried my loan will simply through the cracks and I really needed this loan. Now just waiting and hoping someone reaches out to me soon. I tried emailing and I clicked the reply for feedback and let them know I only applied with them. I just pray this can get resolved before the SBA runs out of funds again.
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