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#2235691 - 04/25/20 10:50 PM SBA PPP Loan
Beachbum Offline
Junior Member
Joined: Jul 2018
Posts: 39
We received application in the first PPP Stimulus that did not receive the funds, we have entered them into the 2nd round. If they do not get funds this round, should we decline or withdraw their application?

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General Discussion
#2235692 - 04/26/20 01:43 PM Re: SBA PPP Loan [Re: Beachbum]
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 74,768
Galveston, TX
Only an applicant can withdraw an application. I think a lot of lenders are going with an AAN and "program not currently available", if they were not providing the application notice under 1002.9(a)(3) or not provide a specific reason under 1002.9(a)(2)(ii).
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2235746 - 04/27/20 05:53 PM Re: SBA PPP Loan [Re: Beachbum]
Beachbum Offline
Junior Member
Joined: Jul 2018
Posts: 39
Thanks

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