![]() ![]() I have NEVER EVER received this email containing the DocuSign (checked spam too). That email should’ve contained a DocuSign through which I would verify my identity, etc. ‘The SBA has approved loan forgiveness of $0.00 for your PPP Loan’Īlso as far as I am aware, after submitting my initial PPP forgiveness application I should’ve received an email with this subject line: Your PPP Loan Forgiveness Application is Ready for Review. The SBA has up to 90 days to complete its review. ‘We’ve submitted your loan forgiveness to the SBA. When I log in into the portal this is what I see: How can I contact them if they don’t have an email and their hotline is bunch of people repeating/reading the same thing over and over again.’at the moment we cannot give you an answer’. When I contacted SBA (the PPP direct forgiveness hotline) I was told that WebBank/PayPal/LoanBuilder is not registered for Direct Forgiveness!!! They said ‘contact the lender’. They do not have an email address to communicate with them!!!!? Only something embedded in their portal FAQs - tried that too and again no response. ‘At the moment we cannot give you an answer’. I’ve reached out to the PayPal team: 16 emails and 22 phone calls/voicemails to my assigned loan forgiveness specialist (absolutely not even one reply) and phone calls to 1-86 are absolutely no help into figuring out a reason for them declining the application. Why would I fill up Form 3508 EZ to request a forgiveness for the total amount of $0.00? This is also what shows up on the portal - requested amount $0.00 This amount has been applied to your PPP loan, bringing your PPP loan balance, as of to $ 22,308.77.’ What I understand from this is that PayPal recommended SBA to decline my request for forgiveness.Īlso, July 24 I’ve received another email from PayPal stating:Ĭongratulations! The SBA has approved your Paycheck Protection Program (PPP) Loan for loan forgiveness in the amount of $ 0.00. The SBA has completed its review of our decision to deny your Paycheck Protection Program (PPP) Loan forgiveness request and has agreed with our recommendation to deny your request.’ July 24 I’ve received an email from PayPal stating: ![]() Early-mid July 2021 I’ve submitted my PPP loan forgiveness application online through the web portal by filling up form 3508 EZ. ![]()
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