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SBA partnered with nearly 5,000 community banks and lenders to distribute emergency capital through the #PaycheckProtectionProgram. If you have applied for a PPP loan, be sure to work with your lender to ensure your funds are quickly disbursed.
In 14 days, @SBAgov guaranteed emergency loans provided by the #CARESact. So borrowers know—when a lender submits a loan application to SBA, they receive a loan guarantee number for your loan.
Once the loan guarantee number is generated, lenders should continue working diligently to close these loans as quickly as possible and ensure America's small businesses receive #PaycheckProtectionProgram funds to make payroll and support their employees.
If you have applied for a #PaycheckProtectionProgram loan, please don’t hesitate to contact your lender for an update on the status of your application. Your lender should work as quickly as possible on loan closing and disbursement.
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