Tried to get through to Loanbuilder but went to voicemail stating office was closed for the day. Webbank (FDIC bank lender PayPal/Loan Builder use) had no way of seeing anything they claim. Called bank and they have no record of a wire coming in or requesting. Was even confirming with my best friend who is a regional banker in another state, and process was exactly similar confirmations.Īll weekend saw wire was set for 5/1 so I assumed that meant it was going to hit on 5/4 at midnight.ĥ/4 Happen to log in while checking email, saw that funds were now showing "wire reversal" and a 0 balance. Also, saw that funds were set to be wired on 5/1. My timeline is very similar except I started that process on 4/27.Ĥ/30 Confirmation email that I was approved for the amount and funds are on their way. What have your Paypal timelines been? In your experience, is the loan now "official"? If so, when might I expect money? And I've moved from stage "underwriting review" to "sign loan documents."Ĥ/22: signed revised docusign (lower loan amount to stay below 100k/yr for single prop)ĥ/1, 1:30pm: hard inquiry by PayPal/Webbank - Transunionĥ/1, 2pm: Moved from Underwriting review to sign loan docs with a loan number: a0.ĥ/2, 10:30am PDT: No email from Paypal yet, no $ deposited into account (though coincidentally I did get $1k from the EIDL last night). My PayPal PPP app: My Loanbuilder site is now showing a loan number starting with "a" followed by 8 numbers. Without you, I wouldn't have known to keep applying after Chase gave me the run around. First, I want to thank you for helping me navigate this s-show of a PPP process. Location Specific Small Business Subreddit No email confirmation or anything after applying which seemed odd. ![]() Here’s my timeline: Tues Jan 19: applied for second draw and uploaded documents. This year, it took longer: about 10 days to get funds into my account. No Personal Attacks, Trolling, or Toxicity. Last year, got PPP thru PayPal and it was much faster (got funding within 3-5 days).You can promote your business in a relevant reply to a post or comment in other threads. Offers of free services under the pretense of 'building your portfolio' are considered business promotion, and not permitted in posts. Promote your business in the weekly Promote-your-business thread only. Practically all content, small business-related or not.Īllowed are links or quotes in comments and replies that are relevant to and come normally in the course of discussions. ![]() Note: You can post own experiences in the new weekly stickied or pinned share-your-experience thread.īlogspam has been defined very early in r/smallbusiness as content that maybe text articles, images, or video. NO business promotion, lead generation, rants, info-tainment, success stories or unsolicited instructional texts, treatise, or how-to's are permitted in posts. You ask a question about starting, owning, and growing a small business and the community answers. ![]() ![]() R/smallbusiness is a question and answer subreddit.
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