Update (July 5, 2020):
Round 2 of the PPP Loan Program ended on June 30, 2020. The US Congress has approved an extension of the program until August 8, 2020, which was signed by the President. However, currently SBA.com® has stopped accepting any loan requests as of June 26, 2020.
The U.S. Small Business Administration set up a Lender Match tool recently and borrowers can try to find a lender through that method.
June 26, 2020: The U.S. Small Business Administration has announced that the second round of PPP loans will end on June 30, 2020. As a result, our referral partner Lendio has stopped accepting PPP applications on June 26, 2020. SBA.com® has stopped accepting loan requests on June 26, 2020.
SBA.com® has helped millions of people obtain information about PPP loans, and we are very proud to have advocated for and armed small businesses with the information they needed to help them connect with their lender. Through our referral partner Lendio, we’ve helped over 9,300 small businesses get PPP funding in excess of $260,000,000!
Neither SBA.com® nor Lendio are direct lenders. Lendio’s lending partners have helped many American businesses in a time of need when others might have turned their backs on them.
If you still have a request pending with Lendio or need any assistance from them, they remain available. To contact lendio, please login to your lender portal, call (855) 853-6346, or email email@example.com.
Pursuant to the U.S. Small Business Administration’s interim final rule released on April 28, 2020, lenders have 10 calendar days to disburse funds once a borrower has received a PLP number. For borrowers who received a PLP number after April 28, 2020, lenders have 10 days from the date the borrower recieved a PLP number to disburse funds.
Lenders have up to 20 calendar days to disburse funds if the delay is due to the borrower. Loan amounts designated for refinancing an EIDL will be paid to the U.S. Small Business Administration directly by the lender—the borrower will not receive those funds.
Thank you for your visit and consider utilizing the U.S. Small Business Administrations Lender Match tool.
Sincerely the SBA.com® team.