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#Ppp frame validation manual#

This number indicates that funds are reserved for your loan.

The SBA will issue an SBA Loan number for your loan.

The SBA Makes an Initial Loan DecisionĪfter reviewing your application, the SBA makes an initial loan decision. During this round, the SBA may perform some fraud prevention. Your lender continues the funding relay race by submitting your application to the SBA. The Lender Submits Your Application to the SBA Once we’ve confirmed that your application is complete, it’s submitted to the lender. If it says your application is incomplete or you’re missing information, we need to complete it before you can move onto the next step. Keep an eye on your borrower portal and email.

If we find anything that’s missing, you’ll be notified. Our loan specialists will review your submitted documentation to ensure that everything appears to be in line with SBA requirements for a PPP loan. Once your loan application is submitted, our loan specialists work through your application to ensure that it is complete. We Verify That Your Application Is Complete You can also find answers to some common questions in the FAQs about the Paycheck Protection Program (PPP). If you’re wondering why it’s taking some time to receive a loan decision or loan funds, here’s everything that happens after you apply. We assure you that we’re working around the clock to help you get funded as quickly as possible.

#Ppp frame validation manual#

That said, once you apply, there’s a lot of manual legwork that needs to be done. We harness the power of technology to make your application process as seamless as possible. We’d love to help ease your mind a bit by giving you a peek behind the curtain. You may be feeling anxious, wondering, “What is going on with your application?” We understand that the waiting period between hitting “submit” on your application and the day you receive funds can be stressful. Learn about financing options available for small businesses today at Ĭongratulations! You just finished applying for a Paycheck Protection Program (PPP) loan. UPDATE: The PPP loan application period ended May 31, 2021.