PPP News - Is PPP Really Out of Funding Money? Is PPP Still Available? Is PPP Over?

[@mannyg747]

There are a lot of people on KZbin who try to explain these procedures but unfortunately, they end up wasting their own time as well as our time because they simply don't know how to explain things properly. Freedomtax Accounting is the only one that knows how to really explain it well. Excellent job! Thank you.

[@RBLXGaming23]

The "other lenders" are also saying their not accepting applications.

[@pompanobeachclub]

Thank you for the update. I will try and find a CDFI bank in my area. My first PPP back in 2020 using Bluevine went smooth. I was funded in a week. The second draw PPP with Bluevine was a nightmare. My application stayed in review for three weeks and when I finally received an update they only told me funds were running out and that my application was still under review. So after waiting four weeks funds ran out and I and received a denial email due to no more funds available.

[@pompanobeachclub]

Thanks for the comment. Do you have a link to instagram account? I am not sure what they can do. I found a local community financial institution nearby and will ask them on Monday if they are still accepting PPP applications.

[@DrCareyYazeedTV]

Wow! I received an email from SBA regarding increase. Didn’t know I could also access through my portal 🤯

[@laverneanthony2614]

Do you do taxes for people in GA

[@russelltate1394]

Once again Thanks for the Great detailed info

[@iamabusinesscece8997]

Also thank you so much you are answer the one question I have been asking all week

[@jennismith1465]

I applied at a CDFI bank locally. It is saying pending since last Friday. Are these types possibly going to be funded?

[@lauraheaston3059]

Probably so if you're a minority... Female, black, etc

[@melanieblue2]

My sister and I are both business owners. She filed for the first PPP loan in early April. I filed April 22nd. This was through Womply. She received her promise note yesterday. I’m still in limbo. I’m so confused. Wish I did this earlier, but I was trying to make it on my own. Anyone else in the same boat?

[@MB-fr6gu]

Great video Plz for tax refund the tax filler didn’t let me add my bank account he just take my husband’s account (married jointly) what to do

[@mikemillls8350]

I applied with womply on April 26th and as of may 3rd I’ve been in “sba processing” so you’re saying I still have a good chance for my application to be processed?

[@rickym180]

Same here same day

[@melanieblue2]

Me too! My sister applied early April and received her note yesterday May 7. I filed for 1st PPP loan April 22nd and still in processing. We both filed with Womply. I should’ve filed earlier, now my business is really going down hill and there might not be any money left! I feel so stupid!

[@kiddoutlaw600]

Me too

[@DetectiveLobotomy]

womply is trash AMUR is the winner got approved in 5 days money was in account in 5 days

[@l.krisgaines271]

@@ciaragonzales5085 how were they able to help you?

[@akemma177]

Hey Guys, I applied for the PPP loan on April 7th 2021, and signed the docs on 15th April 2021. My status went into Lender Funding Stage (with SBA loan number already assigned) since then. Today, i get a DENIAL email from the lender stating that I DID NOT MEET THE BANKS REQUIREMENTS. I don't understand, and i cant reach the bank directly either. Please, what do i do in this situation....when i already was approved by SBA with a loan number but the bank refused to fund me ? Please Help. My Business has been crushed and needs help.

[@akemma177]

@David Walker thank you David for the advice. Would you know what the instagram handle for those ppl? I searched but couldn’t pinpoint the right one

[@beankocke4746]

I submitted my application with womply over 4 weeks ago and been In “ womply processing “ ever sense. I don’t know what my status is because womply hasn’t emailed me anything.

[@HighGrade592]

Same here

[@melanieblue2]

Same

[@iamabusinesscece8997]

If you filed through womply and you are in the sba processing and you are a part or the minority group is you app being put through?

[@melanieblue2]

Good question!!

[@rebeccawhite7863]

I don’t know but If you got denied or have any issues with getting your loan approved, contact “PPP Consult Official” on lnstagram, he will be in a better position to assist you directly

[@christopherwilliams7699]

@@kelvingate4776 hey

[@lauraheaston3059]

I'm sorry but you are incorrect. My loan had been funded, and on the ca website it was shown that my funds had been disbursed by the SBA. However, when the bad news broke, I went to my lenders website and it appeared as if I had never applied for a loan at all. I then checked the ca website, and it said that my loan had been "fully canceled." My fintech was Biz2Credit and the lender was Itria Ventures. Of course, neither one of them will reply to emails or phone calls.

[@pototo1]

Womply's ID verification has glitches. I submitted application but cannot get through ID verification on any device. Have read on Reddit many others are having same difficulties. Are you familiar with the problem by any chance?

[@Officialvincentt]

Yes got same notification this morning update it once and dont touch it again!!! Its a glitch

[@omarharrell4214]

@@Officialvincentt yours went thru?

[@jasmineterry1144]

I’m also stuck

[@alexplus3]

Thank you for sharing your information 👍ℹ️

[@emergencyoutreach7637]

I enjoyed your video, but I have a question. My situation is this I applied for both the 1st and the 2nd PPP draw of the PPP loan on March 16th and I received my PPP 1st draw on April 21st and the second draw says “Sign & Hold” and I was expecting to receive the 2nd draw any day. But now everyone is saying that PPP is out of funds unless you go to a “community financial institution”. So should I reapply for the PPP 2nd draw with a community financial institution or should I wait to see if my 2nd draw is funded? Help help... P.S. I've reached out to Womply and Benworth Capital (where I got the 1st PPP loan) but have not heard back from them yet. I have also written 3 congressmen, 1 senator, and President Biden himself asking them to finish funding the PPP program.

[@rebeccawhite7863]

@David Walker he helped me out too, got approved within 48 hours

[@lourdesnieves7407]

My bank didn't report disbursement of ppp1 back in February which is preventing me from ppp2

[@lourdesnieves7407]

@Janet Cummings they said I have to contact the bank that's not reporting it. I'll keep calling someone

[@ginodemitro1830]

Hey wonder if you anybody can give me some help I signed All My Documents and at the end they asked me for some verifying questions after I was approved and signed all of my documents they decided to tell me that Unfortunately they cannot approve my ppp loan I have never seen this happen I have an SBA loan number & all documents can somebody help me please is this correct

[@rickym180]

Sba processing

[@lakbirmo4540]

Good evening, it’s been more than a week ; I haven’t received the fund yet: on my portal it says your loan modification is being processed , the amount confirmed and all the steps are completed. Last loan I got the fund in 3 days after all these steps . Any suggestions please

[@irinag4200]

Get my first one in 2 days, the second just got funded on fridayit took them 7 business days, hope it helps😉went thru smartbiz for both

[@ev4836]

I applied thru womply some time ago and received my first draw. For the second draw the status has been stuck on Lender Secondary Review for reasons unknown to me as I definitely qualify and filled out everything correctly. Do you think I will still receive the funding for the second draw since I applied some time ago?

[@Chicago-ye3pj]

Same here still playing the waiting game

[@bekiethio5363]

I applied last week and I am just waiting something

[@franciscoyu2727]

awesome intro lol...

[@nigarmammedova5759]

You first need to explain,if we applied and our status still in process.What about in this case.You started from SBA approval note.👎👎👎

[@boomboom3522]

NO IT IS NOT OVER THEY ARE FIGHTING THE BUSINESSES COMMUNITY FOR MORE MONEY GRANTS FOR RESTAURANT INDUSTRY

[@magaretmiles2253]

Apply today to get an application for a loan now. $100k - $5M loan available. Serious Inquires only...

[@iwenive3390]

Contact the lender.... lmfao

[@hardmoneyglobalfinancialfirm]

PPP Funding Update As of May 4th, funding is no longer available through the SBA for the Paycheck Protection Program and we will not be able to move your application forward.

[@Shesmooth28]

So will you still receive it if your portal says borrow funded since Sunday last week first Draw Benworth?

[@Shesmooth28]

I went thru fast track but haven’t seen anything yet ? I signed promissory not April 28th

[@melanieblue2]

@Lawson's Private Placement My sister put her application in early April. She signed her note yesterday and loan number. I filed later April 22nd still in processing. We used Womply. They processed hers 🤷🏽‍♀️. I’m confused, and business going down the drain.