What goes on if you should be refused for a PPP Loan? Factors why you may still Be Waiting on PPP Loan

What goes on if you should be refused for a PPP Loan? Factors why you may still Be Waiting on PPP Loan

At the time of a week ago, over 400,000 PPP loans have already been authorized in the 1st two weeks for the 2021 PPP system. If you have used and they are nevertheless that is waiting if you have currently heard right back and your not authorized — here’s a helpful post on which you certainly can do.

Reasoned explanations why You May Nevertheless Be Waiting on PPP Loan

Sheer amount may be the reason that is biggest. Loan providers have obtained an incredible number of applications collectively in the 1st 3 weeks associated with the system.

Even though many loan providers invested the time to automate processes while increasing their throughput, numerous have never and might be doing handbook review.
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