![]() ![]() Your lender will be the most informed about the status of your approval. Don’t contact the SBA you’ll likely not get any response. If you did not apply through Womply, you’ll need to contact your lender. If you applied through Womply, you can contact our support team and we will check for you. ![]() Go deeper: Why is my PPP loan delayed? Some possible causes. It simply means that the processing and final approval of your loan may take a little longer. Error: E0117”ĭon’t be alarmed if you get this message. ![]() To address your specific loan situation, please use the Forgiveness platform Inbox to request escalation of your loan review by the SBA. Your original First Draw PPP Loan is still under review by the SBA and has associated holds that must be cleared before 2nd draw processing can proceed. “You have attempted to submit a PPP 2nd Draw request. As a result, some lenders and businesses are getting the following automated message from the SBA: In some instances the Second Draw loan process may take longer for the SBA to review and approve applications. Go deeper: Can you apply for PPP twice? My lender said my PPP loan is being reviewed. Read more about how the E-Tran number works. And in the small chance that happens, you can simply let the SBA know and return the overage (believe us, they’ll want it back). You might get better service at smaller community lenders than at huge national banks processing millions of applications.ĭue to the way the E-Tran system works, it’s almost impossible for your loan to be funded more than once. You can apply via multiple lenders if you think that’s the right course for you or if your lender isn’t moving quickly enough. Can I start an application with another lender? Is applying via multiple PPP lenders allowed? / My lender is taking too long. However, most loans are typically approved within a few days if all the information requested was provided, and everything is correct and in order. The time it takes for your PPP loan to get approved can vary greatly depending on circumstances. How fast will my PPP loan be approved once my lender submits it to the SBA? Note that once you submit your application via PPP Fast Lane and it is forwarded to your lender, your loan approval timeline is determined by your lender and the SBA.įor additional information about the process, see our PPP Fast Lane FAQs.
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