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#2236351 - 05/07/20 08:42 PM PPP Funded - borrower returns money loan paid off
City Girl Offline
100 Club
Joined: Sep 2005
Posts: 159
Midwest
We have PPP loan request that was approved and funded. The borrower returns the money and pays off the loan. The SBA application was cancelled in the portal. This appears to be a payoff and not an approved not accepted. Am I correct in my thinking?

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#2236352 - 05/07/20 08:46 PM Re: PPP Funded - borrower returns money loan paid off City Girl
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
If you actually funded the loan and they paid it off - you are correct
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2236353 - 05/07/20 08:49 PM Re: PPP Funded - borrower returns money loan paid off rlcarey
City Girl Offline
100 Club
Joined: Sep 2005
Posts: 159
Midwest
Thank you.

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