Question

PPP loan approval

Asked a question 9 months ago

Hi Ami, we received notification today that our PPP loan was approved by our bank and then the SBA shortly there after. My question is this. Once the SBA approves the loan, is our loan total included in the numbers being seen on TV? Currently at 305 billion, or is that only actual funded loans? I know it's a crazy question. I just want the funds to run out before we are funded.

Where am I?

In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!

Answered 9 months ago

If you got approval, it is likely you will get the those funds.

What’s the $500B Lending fund for Industries, Cities, States? Who's eligible and how do you apply? Are these loans ... of employees between 3/25 and 9/30?

Please confirm my understanding that you can only choose either the SBA disaster loan or Small Business Retention Loan ... bill for the SBA disaster loans?

Will we need to reapply for the SBA disaster loan after the CARE act is signed into law and the SBA site is back online? ... $10K advance? How/when do you apply?

we are in the process applying the disaster loan but also interested to apply a regular SBA $350K loan or Express loan. ... regular SBA loan? what is the process?

Can we apply for multiple SBA loans

1) For landlord's, is there any way of enforcing the loans our Tenants receive from the PPP program, are used to pay ... if we use the funds for those expenses?