PPP Loan - Received An Approval and Docs to Sign - Do I have To Take It Now or Can I Wait?

B522
Contributor
Contributor

Hello all!

 

I applied for and received an offer from, PayPal for Business for the PPP program (the PayPal team has been fantastic, it only took about four days to get the approval and docs). However, for some personal timing reasons, I don't want to accept the loan yet. Truthfully, the bigger issue is... there are a lot of strings attached to the forgiveness part of it (I learned this after I applied, otherwise, I may not have). The forgiveness application is soooo complex, I'm not sure it's worth it, I need to figure that out.

 

So, my question is this, the loan is there, waiting for me to sign, but I'm not ready to sign it yet. How long can I sit on it before the offer is retracted? 

 

#PPP 

 

 

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