Earlier today, I emailed my PayPal contact person and a few hours later I received this email message, which is identical to the one I got on 1.29.21: Thank you for applying for the Paycheck Protection Program Loan through PayPal. We have received your application and documentation. Currently, your application is in a pending status while we complete our review of your application and supporting documentation. Once we complete that review, we will either send you an email requesting additional documentation or information, an email with documents that require your completion and electronic signature via DocuSign, or a notification (as required by law) providing the specific reason(s) why we were unable to approve your application. Given the high volume of applications, we appreciate your patience. We are doing everything we can to process your request. Another email update will be sent to you within three business days. You can also check the most current status of your loan application by logging in to our PPP loan application portal. Sincerely, The PayPal Paycheck Protection Program Loan Team
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