How Do I Know If My PPP Loan Is Approved?
Contents
Have you applied for a PPP loan and are wondering if you will be approved? Here are some things to look for that may give you a clue.
Checkout this video:
Check the Status of Your Application in the SBA Lender Portal
If you submitted your Paycheck Protection Program (PPP) loan through the Small Business Administration (SBA) Lender Portal, you can check the status of your loan in the portal.
To check the status of your PPP loan in the SBA Lender Portal:
1. Go to the SBA Lender Portal.
2. Log in using the credentials you created when you registered for the portal.
3. Click on “My Loans” in the left-hand menu.
4. Find your loan in the list of loans and click on the loan number.
5. The “Loan Details” page will show you the status of your loan application.
If you submitted your PPP loan application through another lender, please contact your lender directly to check on the status of your application.
Check the Status of Your Application With Your Lender
If you’ve applied for a Paycheck Protection Program (PPP) loan, you may be wondering how you’ll know if your loan is approved.
Unfortunately, there’s no one-size-fits-all answer to this question. The process for checking the status of your PPP loan application will vary depending on the lender you’re working with.
Some lenders may provide regular updates on the status of your application, while others may not provide any information until your loan is approved or denied.
If you’re not sure how to check the status of your PPP loan application, your best bet is to contact your lender directly and ask.
Contact Your Local SBA District Office
Contact your local SBA district office. They will have the most current information on the status of your loan application.
