“We now have a web page where everything you need to know about PPP is available to lenders, borrowers, and an updated lender locator. That site is www.sba.gov/paycheckprotection. You can send borrowers who want to know how to participate, lenders who want info, and the lender locator.
EIDL loan dollars should start to be disbursed Today or tomorrow. Anyone wanting to know the status of their loan should call 1-800-659-2955 and be patient. Money that they are approved for will be direct deposited into their account once it is approved. If a borrower filed for EIDL under the original website or the upload portal, they must submit again on the new streamline website. Those people are currently being contacted and they will NOT lose their place in line. If someone asks you that they are not sure if they filled it out right because they did not upload anything, they probably did it right. The new streamline EIDL program contains a self-certification system so there is nothing to upload. Additional information is only requested if contacted by an SBA loan officer after submission.”
My lender won’t participate in PPP?
Go to www.sba.gov/paycheckprotection and put in your zip code, new lenders are being added daily. If you don’t find a lender, all apply for theEIDL loan and check for new lenders in their area as new lenders are being approved for the program daily.