Womply fastlane process12/28/2023 Lender Processing – Monitor Inbox:The lender is processing your application and preparing to send it via DocuSign.The lender is reviewing your information and will make a decision about whether your application can be moved forward. Please make sure you download a copy of this document for your records as we are not currently able to resend this information via docusign.Monitor your email inbox and spam folder carefully. Borrower Action Required – Sign Application: This application has been reviewed by your SBA-approved PPP lender and requires your review and signature.Check your email Inbox and Spam folder for an email from DocuSign that contains a link to your application. You must act on your application to move it forward. ( What to do if you have not received your DocuSign documents ). Sign & Hold: You must sign your Second Draw application via DocuSign.Please monitor your email inbox and spam folder for this document, which will take a few days to arrive. Once signed, your lender will hold your Second Draw application until the SBA is ready to accept it. This holding period is required to adhere to SBA rules, which require that your First Draw loan must have been received in your bank account, spent on qualified expenses (including a payments to yourself), and marked as Fully Disbursed in the SBA’s systems. This often takes up to 7 days after your First Draw loan arrives in your bank account and depends on a variety of factors that neither Womply nor you can control. Once you have signed you Second Draw application your application will automatically be moved forward ASAP. You should not apply elsewhere during this time and no further action is required from you.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |