Once we submit your application to the Small Business Administration (SBA), approvals are subject to their timeline. The second round of PPP is being processed through a different system than the first round. One key difference is that the SBA is manually checking eligibility, and approvals are not immediate like they were during the first round of PPP. We will keep you updated on the status of your loan and provide the estimated funding date as soon as we receive SBA approval.
We encourage you to keep an eye on your phone and email, as we will be reaching out with questions and requests for any additional information we may need. Your responsiveness will help us move your application forward as quickly as possible. Thank you in advance!