To avoid delays, check your application Status Detail to ensure your bank info is complete.
#WOMPLY PPP FASTLANE DOWNLOAD#
Download a copy of the DocuSign document for your records. You must review and sign your promissory note to move this application forward. Check your inbox and spam folders for an email from DocuSign. The promissory note requires your signature. Borrower Action Required – Sign Promissory Note: The SBA has approved this application.DocuSign will email you the note so you can sign it. The lender is preparing the promissory note. SBA Approved – Lender Processing Promissory Note:This application has been approved by the SBA.This may indicate that a problem was reported by SBA. Application Secondary Review: This application is undergoing a secondary review.We cannot provide a timeline of how long this step will take. The SBA will either approve or decline this application. SBA Processing: This application has been submitted to the SBA for review.Lender Submitting: Your signed application has been submitted to the SBA for approval.
You should not apply for a PPP loan elsewhere during this time. After you sign your Second Draw application, your application will immediately move forward. The duration depends on factors that neither Womply nor you can control. This holding period often takes up to 7 days after your First Draw loan arrives in your bank account. The SBA requires this holding period to ensure that your First Draw loan was received in your bank account, spent on qualified expenses (including payments to yourself), and marked as Fully Disbursed in the SBA’s systems. After you sign the document, your lender will hold your Second Draw application until the SBA is ready to accept it. Please monitor your email inbox and spam folder for this document. Sign & Hold: You must sign your Second Draw application via DocuSign.You must act on your application to move it forward.For more information, see What to do if you have not received your DocuSign documents. Check your email inbox and spam folder for an email from DocuSign that contains a link to your application. Borrower Action Required – Sign Application: This application has been reviewed by your SBA-approved PPP lender.After you sign the documents, please make sure you download a copy. Monitor your email inbox and spam folder carefully. Lender Processing – Monitor Inbox: The lender is processing your application and preparing to email you DocuSign documents.Cancellations are final and cannot be reversed.
Please allow 48 hours for the cancellation process to finish. To cancel, please log in and then choose the option to cancel.
At this point in the process, if you need to change any information on your application, you will need to cancel and then reapply. The lender is reviewing your information and will decide whether your application can move forward. It was submitted to an SBA-approved PPP lender.
0 kommentar(er)
