Paypal reddit ppp

Paypal reddit ppp. In short I owe PP credit a hefty amount. ©1999-2020 PayPal, Inc. For those that were also approved through PayPal, how do we process future re-payments, view loan balance, check the status of forgiveness, etc? Oh. Being successful is no indicator for security in any way. Felt like the guy who had to pay the stripper at the bachelor party, every time. As it is Friday evening, when should I expect Skip to main content. Email is same as yesterday at 2:15p but that was from PayPal loanbuilder. How can I tell Square that I don’t need the loan (since you can only get one PPP loan)? Do I just ignore any documents they send me? It's written right there, they're not going to deduct 2. Anyone know what that could mean? And know one contacted me or verification Related Topics Business Same exact thing happened to me on my app from 4/15. 5/2 2:50pm Applied with PayPal I know it is a long shot, but wanted to see if anyone here had a similar experience or any advice. I do not have any PPP loans for my restaurant. Called Loanbuilder (Paypal) who said app sent to SBA for final approval/loan #. PPP Approved (BBVA) PayPal, Credibly, and SmartBizLoans. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: TLDR 1: No-one is going to look at your penis as much as you do. I had a great experience with PayPal PPP, it took like 5 days in total from apps to getting funding. Signed right away. I'm a sole proprietor and have always deposited earnings into my personal checking account. Called the number. The up to $10,000 is the Emergency Grant part of the EIDL and this amount will be deducted from anything you get in the PPP forgiveness. I realize paypal is calculating on a Posts about PayPal's policies will be removed. Anyone ever had paypal screw up a description when charging a paypal purchase/subscription charge to a credit card? I had a couple of suspicious transactions showing on my CC statement as PAYPAL AMEX MARK PPPL LA VISTA NE which I initially thought were fraudulent to the point where I started querying one with the credit card company. They sent me an email with wiring instructions. “There is 0% APR but, this is subject to change to 26. Anyone else go through this process? Just checking. 5:51am Got a email from PayPal paycheck protection program this morning that it was approved by SBA. I asked my accountant to help create a draft 1040 and hopefully that will be sufficient for Paypal. Just got the approval from PayPal at 9:45am. Applied: 4/16. $80K loan - approved for $25K due to lower payroll expenses in 2019. Log In / Sign Up; Advertise on pp-dude. Besides using Apple Pay, should I use cash app, Venmo, or PayPal? What are some of the pros and cons of each, and if I had to choose, which one(s) Skip to main content. Keep waiting. 3% reduction in Gross Receipts for a certain quarter. Signed loan agreement via Docusign: 4/22. Simple as that. Didn't get a docusign email until 4/30 at 10am EST. Get app Get the Reddit app Log In Log in to Reddit. Just like in the steps I outlined So I got two PPP loans. I apply to multiple sources: PNC Bank, Kabbage, PayPal, BlueVine - I know it can't be Kabbage nor PayPal; is there a way to find out from the SBA from which bank it was accepted? Hi all- curious if anyone has had any experience with pushing back on a PPP approval for an amount that was lower than what was requested. Paypal wasnt even on my radar until your threads. I was in with a PPP application within the first 30mins BOA opened apps. Has anyone gotten a PPP with no or bad credit? Paypal's Loanbuilder just denied the application I sent in before the first round of funding ran out. r/smallbusiness A chip A close button. 1st round funding. I go in and try to submit. Above 775 originally. I would NOT apply at multiple places. 24% when the promotion is over”. He asked me what loan amount I was looking for again, he said he would email the department as they are gone for A friend of mine who missed the first round of PPP funding just recently asked for my help with a situation he has going on with FundingCircle and I was very surprised as to how they are handling the PPP loan. You can only spend them on Paypal or sell them back to Paypal, and only if/when Paypal decides to allow you to 1. I hope you got something. I also have a PayPal regular account. Welcome To /R/SCAMBAIT! The Largest Scambaiting Community On Reddit! Scambaiting by definition is the practice of feigning interest in a fraudulent scheme in order to waste a scammer's time and resources to keep them away from real victims. They are refusing to accept a business that does not have 2018 or Anyone else have a PPP loan application with PayPal disappear? It’s happened twice now. Docusign shows waiting for Document operations to sign While the turnaround was quick, we applied for PayPal PPP on April 23rd not even expecting a reply because the money was supposedly gone so we could get in the queue for the next tranche. . It’s pretty much the top dog of online payment, so it’s as safe as it gets. ADMIN MOD I've been at PayPal for over 5 years, and after the recent stock crash, I'm readying my CV and plan on applying for jobs that are a step-up from my current role. " So no it has nothing to do with users private speech or anything related. I owe money on a working Capitol loan that I’m late making payments on—I wonder if The SBA can break their own guidelines, but Ready Capital what gives you the right to obtain SBA numbers for businesses essentially stopping them from obtaining PPP funds from any other lenders (as I personally was denied by PayPal due to this) and sitting on their SBA numbers for 10,15,20 plus days without even contacting them (other than generic messages) let alone No when it’s doesn’t say shit but the fine print There is nothing, not a button or any think clickable expect the side menu The lender for LoanBuilder Loan, PayPal Business Loan, and SBA Paycheck Protection Program Loan brought to you by PayPal is WebBank, Member FDIC. applying for and receiving the loan through PayPal: Bank PPP Timeline: 4/2/20: Called bank and asked if I could apply on 4/3 as a sole proprietor or would have to wait for 4/10 as self-employed. , which had sales > $100 million last year, received a $5. So no more posts on this subject! Thank you for submitting to r/PayPal, please make sure you have read the FAQ. Posted by u/unitedtransport9722 - 1 vote and 14 comments Here is PayPal approving loan within 24 hours and Bank of America just being so slow and careless of small businesses! I can’t wait for all of this to get over so I’ll close 2 of my accounts there! View community ranking In the Top 1% of largest communities on Reddit. I did the right things and spent on the right PayPal/Loanbuilder PPP . Although WebBank is the lender, PayPay is servicing the loan. Want to see anyone experience. They were stupid enough to leave a voicemail stating this. For those who went through the process with Paypal, can you guys share what happens here? Advertisement Coins. I’ve reset my PayPal password and on Loanbuilder nothing happens when I hit “forgot password”. Business, Economics, and Finance. She specifically said 2020 draft form 1040. On June 17, 2020 SBA has issued the applications for PPP Loan forgiveness. 6M subscribers in the smallbusiness community. The people who answer phone said they can not direct me to anyone who is in charge of PPP loan and they don't know anything about PPP loan. PayPal will FIRST send you a DocuSign before submitting to the SBA. My PPP was funded through PayPal with horrible personal credit and very little established credit for the business. More details will be available once the SBA issues detailed rules, guidance, forms and instructions on its implementation. A PayPal Business account is required; Have a PayPal Business or Premier account for at least 90 days; Processed at least $15,000 in PayPal sales in the last 12 months ($20,000 for Premier accounts) No outstanding PayPal Working Capital loan; Credit check: Requires credit checks because the loan is based on a full picture of your business View community ranking In the Top 1% of largest communities on Reddit. Expand user menu Open settings menu. We are a multi-partner LLC in which 3 members pay self employement tax on schedule K-1 distributions. I uploaded my license, front and back in color as requested, my 2019 tax return, and all other documents they requested. I am in the UK, where there are no costs for working this way. However, if we use cash basis for PPP round 2 our P&L statement is at a 24. The first from Bluevine and the second from PayPal. (XXAndroidXX) Here's how to sign up for a PayPal account from the PayPal app: Open the PayPal app. So PayPal is convenient, unhelpful for privacy but you can limit the risks they present by interconnecting them to your funds via an intermediate traditional bank account. 5M subscribers in the smallbusiness community. Hello i know this is an old thread but please i would appreciate if you can respond, I am in same boat i am stuck in sign loan agreement , i docusign Paypal PPP promissory note since 6/12 and still waiting not response from PayPal yet also i signed into SBA Portal i have a loan number already for the same amount but it says Active un-disbursed and i called Loan builder it says it Same exact thing happened to me on my app from 4/15. Good news hardly any PPP money has been used, so you are not at risk. PayPal PPP People Where am I at status wise? Those who have been through this before, does this mean I have a loan almost? Or am I just waiting for them to sign it pending SBA funds? “$223,307 NEW Loan Amount Total Interest Charge: $0 Total Repayment Amount: $223,307 Loan Term: 18 Months Monthly Payment: $12,566. Any easy way to withdraw my PayPal app so it's not clogging up the pipeline for someone else who needs it now? I know they can't both register but I'd rather just withdraw it now Today I was sent loan documents via DocuSign for PayPal PPP loan (applied March 1). Approved for $1207. Content of email is exactly the same. If you’re using the account for everyday, routine I received notification that pp was ending this feature. This is so Thank you for submitting your application for the Paycheck Protection Program loan through PayPal. Related Topics Just got an email from Paypal. For safe measure I will reapply to Citi for a third Get 5% cash back on offers in your PayPal Debit Card monthly category. Hoping someone who has been funded via Paypal PPP can give some advice. seriously, no-one cares about your PPP besides you. So maybe PayPal is not processing self-employed yet. Is anyone else having this problem? Thanks Update. We were even joking around back and fourth. In 2-3 days! Fastest turnaround I’ve seen thus far, besides PayPal but how I feel After you create your PayPal account, you'll be asked to add a debit or credit card. PayPal limits password length to 20 characters (I think, exact number might be different) for no reason and enforces SMS for 2FA (you can add TOTP though, but that results in three factors and a lot of hassle which most people do not want, so they will 1. I'm an independent contractor paid on 1099-misc. Got SBA loan number on 5/1 and signed loan documents via docusign on Sunday 5/3. Of course it appears that a lot of people received the same email at the same time and no one received an actual Hello i know this is an old thread but please i would appreciate if you can respond,i only applied with loanbuilder I am in same boat i am stuck in sign loan agreement , i docusign Paypal PPP promissory note since 6/12 and still waiting not response from PayPal yet also i signed into SBA Portal i have a loan number already for the same amount but it says Active un-disbursed and i Paypal Home. Tried applying again yesterday, but no luck. We're here to support your business during these challenging times. Has anyone else experienced this? I have another PPP loan with my current bank, Bank of America but haven't heard anything from them in Yes PayPal has processed your app and will get you approved and funded once PPP has been replenished, hopefully next week. So I just applied again using another email address. Don’t sign the DocuSign. Now they keep asking me who the other I can’t sign into PayPal to access the application or Loanbuilder. Today my PPP was funded (applied Wednesday 4/15). Loan amount $6500. I submitted my second draw application through PayPal (also went through PayPal on round 1) about 7 hours ago and haven't received an email request to upload any docs. PPP Second Draw loans. If don't have enough in your PP balance, only then will it take it out of your account. Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. !I thought I was denied,which I'm so confused. Premium Powerups Explore Gaming. PayPal approved us for an amount that is half of what we requested. FundingCircle is adding a non SBA guideline to deny PPP applications. So PNC actually registered a SBA number for us. You can also try to reapply to PayPal and see if you get a different number. Thanks. To apply for a PPP loan, the SBA requires that all applicants provide certain supporting documentation, including documentation to evidence that their business was in operation on February 15, 2020. Applied to the PPP with PayPal through the loan builder site, I am a sole proprietor, eligible for the loan Sent my application in about an hour ago, the screen that came up after I submitted says “We have DoubleCash has a 3% FTF vs none for the PayPal card. Slightly confused as to what I should upload there? Related Topics Business Business, Economics, and Finance comments sorted by Best Top New Controversial Q&A Add a Comment. They even called me 5/1 saying they need more documents to release the funds. So I got approved through paypal for my 1099 employees. Reason being we have an email from our bank saying PPP was approved elsewhere but the other Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. I haven't missed a payment and I try to keep up with my credit score in mind. I applied at PayPal PPP just a few minutes ago and I was not qualified to apply. This will include both first time PPP loans for those who have not previously received a PPP loan, as As one of the first non-bank institutions approved to participate in the Paycheck Protection Program (PPP) in April of 2020, PayPal was able to: Facilitate PPP loans to more PayPal is Participating in the Paycheck Protection Program (PPP) January 12, 2021. Saturday, May 2 I applied for the 6th time out of 7 with PayPal, Bluevine, and Lendio. It appears that while PayPal claims to not have a pre-payment penalty, it does make you pay the full Step 1: Go to ypur PayPal Wallet Log into your PayPal Account and Click on Wallet (from the top menu) Walet Section of PayPal. PPP Bulk submissions update Kabbage, Bluevine ,Fundera and PayPal. I applied yesterday. In either case all SBA PPP requirements must be met. 86 Status: Step 4 of 5 - Sign loan Hello Reddit land. They processed my 1st loan. PayPal intends to help provide access to the additional PPP funding. PayPal limits password length to 20 characters (I think, exact number might be different) for no reason and enforces SMS for 2FA (you can add TOTP though, but that results in three factors and a lot of hassle which most people do not want, so they will View community ranking In the Top 1% of largest communities on Reddit. Got an email couple days ago I was denied because they couldn't verify my information and showing credit score in the bottom. Looking at my PayPal loanbuilder account that funded my PPP. My credit is not the greatest To everyone that has been funded with Paypal being a Sole Proprietorship, how do we leave a paper trail for the loan forgiveness coming? I usually do Skip to main content. Link to my spreadsheet where I'm keeping track of all this stuff . Denied PPP through PayPal 4/1 applied with PayPal 4/16 credit pulled 4/22 denied Buisness has been open for 3 years, $56,000 yearly income, 640 credit score. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Td bank finally got back to me and approved me on Friday 4/17 Signed my loan documents today 4/18 TLDR 1: No-one is going to look at your penis as much as you do. Is there any way to talk to Paypal and get more info about why my PPP gets denied? What is your experience with applying for PPP at Paypal this time around? View community ranking In the Top 1% of largest communities on Reddit. Cogs is 1. 5 million. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: PayPal is reviewing the new Covid Relief Bill, including how it impacts the loan forgiveness process for existing PPP loan borrowers and PayPal's ability to facilitate access to additional PPP loan funding. My boss got his application in for a PPP loan just as the money ran out, but I am optimistic that he will get the loan now that it has been replenished. Thank you for posting in r/ArtBusiness!Please be sure to check out the Rules in the sidebar and our Wiki for lots of helpful answers to common questions in the FAQs. Log In / Sign Up; 22K subscribers in the EIDLPPP community. We went ahead and try to re apply with a different email Same Issue, so it worked for a while when I was creating new verified PayPal accounts, however I can't create no longer more accounts, so no im stuck again. It is, however, anticipated that Just got an email from NCRI (debt collection/credit recovery company out of Mississauga) saying I have a debt of $20. I stumbled on the advice to apply with multiple emails and multiple times. Without you, I wouldn't have known to keep applying after Chase gave me the run around. This makes me very nervous as I had the same issue with Chase. I'm not actively trying to leave for any old job, but I need to watch out for my own financial security. I was approved and received funding from blue vine. It would incur standing charges from the banks in some other countries. Paypal just says "working on it" Paypal just says "working on it" PS Paypal PPP ap was extremely to use app. told him my concern. Everytime I log back in I see the driver license section asking me to re-upload the loan documents. Sole proprietorship View community ranking In the Top 1% of largest communities on Reddit. 5k because of a tweet you sent unless you've somehow collected revenue for that tweet, through PayPal. I've read users bashing Biz2Credit but it also processes a lot more application. You could also put an app in at Lendio to “diversify” if you want, whoever approves you first will give you the loan. It said to wait for an email. I am overwhelmed by this news. PPP - Lendio / Northeast Bank . Loans range from $5,000 to $100,000 for first-time borrowers and up to $150,000 for Incorrect Limitation on Account. Nothing much to click to get anything done. San Jose, CA 95131 We use cookies to improve your experience on our site. Who had gotten forgiveness from PayPal so far and what was the process/timeline? I’m getting nervous. I have not yet filed 2019 taxes but PPP loan was approved from my 2018 taxes. and International, In the past, we have used cash basis for tax purposes. There was no wait, no nothing, just dropped. Obviously that's screaming scam to me but I've read elsewhere that it's legitimate. Do they just say "you're approved, the money is on the way" or did you have to sign more docs to finalize the loan? I applied with Chase on the 6th as well and haven't heard back, decided to give Paypal a shot and they seem to be moving much faster but obviously it would be a problem if I got the loan from PP and then Chase belatedly approves & funds my old application. I also lied and said that I spoke to the sba and said that they said that they are still approving loans and that Citibank should have waited longer as approvals can take up to 10 days. I have sent multiple emails requesting information but haven't been contacted. Stuck on choose loan terms for a few days. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: I am having issues with my Paypal PPP, a white screen appears on when I try to enter Owner beneficiaries. We recently learned that the initial $349B in funding Has anyone received a PPP forgiveness decision from the SBA? My lender (Scratch. It sounds like PayPal requires a business bank account, but I hadn't seen that in other posts here regarding PayPal. TLDR 2: Despite point (1), for readers that are conscious about their PPP, I get it. There were no other options and you had to pick one to continue. No one returns my emails. Is this legit? They've got an address I haven't lived at for over 6 years, and an email that isn't connected to a PayPal account. 5 million PPP loan And I recall every experience with paypal being shady AF. I am a sole proprietor and started in business 11/2019, so I don't have much historical data to show. They are removing the back up funding for that account as well in September This was the only reason I was still using PayPal. I have heard many people say Paypal has been very fast in accepting applications and getting them to SBA. I applied for Paypal's PPP loan last night. Sent them all the necessary documents and then was put into the "your application is Anyone else having issues with PPP application with Paypal? They keep asking me to verify the other members on my sole proprietorship application. Got the docu sign documents at 4pm today. This will include both first time PPP loans for those who have not previously received a PPP loan, as well as second draw loans for those who have received a prior PPP loan. PayPal is Participating in the Paycheck Protection Program (PPP) New Bill provides for additional PPP funding and more streamlined forgiveness As one of the first non-bank institutions approved to participate in the Paycheck Protection Program (PPP) in April of 2020, PayPal was able to: Facilitate PPP loans to more I have applied for PPP through several financial institutions. Reply reply thedarkpleco • PayPal is asking me for a phone number 35 votes, 15 comments. If you don't want to lose money, don't leave funds in your PayPal account. So, I believe PayPal would We would like to show you a description here but the site won’t allow us. Has anyone been able to get a response from PayPal. They informed I had to wire the money back to them. 04/17 a request to submit documents again. I also applied as independent contractor for consulting business, but I did not get to document stage in PayPal. However it was too late. fi via Cross River) said my application is sitting with the SBA, but Hello All, Reviewed a number of PPP loan docs. The loan proceeds will be Below is a timeline of trying to get my PPP loan through my bank vs. Submitted very little paperwork. We are a general contractor and accidentally submit our app with Independent contractor included in our payroll as the rule change and it’s not included with payroll cost, we send out our applications on 4/17 and signed a loan agreement right after since then never heard a word from loanbuilder . This sub is not for advertisements! Questions and answers about starting, owning, and growing a WARNING: You can't buy actual Bitcoins from Paypal. If we use an accrual basis we are 56. jumping through all the hoops, changes in documents, forms etc. PayPal PPP sole proprietor . PayPal PPP loan stuck in underwriting review and not responding to emails. Open menu Open navigation Go to Reddit Home. PayPal is telling applicants 'Given the SBA application processing volume controls, we anticipate that it will take several days for us to process completed applications through the SBA and to receive the required SBA loan numbers in order to proceed with funding. true. For a lot of business denied by PayPal at this point, very unlikely getting funding from another source, unless you can get some of the minority set asides or the National Security loans (businesses essential to national security). You ask a question about starting, owning, and growing a small business and the community answers. But, as of recent it's been hard to handle and called support with the thought of having a settlement plan. Make sure you are uploading their completed Excel worksheet as well as your Schedule C. So instead of waiting on Paypal I want to apply with other lenders who people have had fast and good experience with like Paypal and got funded with those other guys. We are down to nothing in the business bank account. I’ve tried doing it online and on the app and I’ve also tried manually (the They are still asking for more sensitive documents 2 days in a row when my PPP loan was approved by another lender 5 days ago on 4/28, yet my dashboard says it’s approved. If you use the PayPal MC (card) to pay directly in store, you only get 2% cash back. That first step takes the longest and they are backed up. Any funds in a PayPal account are at risk! I didn’t use PayPal for my ppp loan, instead I used my local bank. African American owned construction company. when I click on the link or copy/paste the link, I just see "Create LoanBuilder Account" and a red square with red triangle inside it. To check the status of your loan or for additional questions, please go to the Paycheck Protection Program loan site. Related Topics Business Business, Economics, and Finance comments sorted by Best Top New If you don't like the rules don't use PayPal. So the terms of the credit line from PayPal were very misleading and confusing. Poorly thought out and poorly executed. I told them my business would not survive another 2 month wait but they are not giving me any other options. This will include Corporate Announcements. I initially applied with Cross River Bank It’s 10:30 Pm and I just received an email from my bank saying our PPP application was accepted. There is no one to help from customer service. Others posted that this means a good chance PPP loan to be approved Advertisement Coins. PayPal submits to the SBA after the DocuSign is signed by the applicant. Too many threads on here of that causing problems with the SBA. I applied w/Paypal last night @ 5ish and received an email today at 2:23 pm that the application was being reviewed. Sba tier 2 says my app is in order just waiting on a Sba rep. My payroll was significantly more in 2019 (it would be maxed at 17 votes, 27 comments. If your account was created when you were PayPal prevents the removal of financial instruments purely for security reasons, so you do not open another account with the same credentials to go around the permanent limitation. Edit: money just Skip to main content. Today I was funded. We originally applied via BofA and, like everyone, got shafted. Will keep you posted. My credit score is above 800 and I have been in business for over 13 years. View community ranking In the Top 1% of largest communities on Reddit. Credit score 757, confirmed in the rejection email (they stated they pulled credit 4/15). This sub is not for advertisements! Questions and answers about starting, owning, and growing a 16 votes, 12 comments. And I've moved from stage "underwriting review View community ranking In the Top 1% of largest communities on Reddit. They do not state a specific promotion, some other websites said that if you purchase something over $99 and pay it off within the first 6 months in full, the APR jump does not apply to your account. A limitation has been put on my account saying that I'm under the age of 18 when I am 18 years old. BB&T Truist way too complicated, Atlantic Union easy too. I will say though, most PPP lenders don't do a hard pull on credit, but pay pal does. PPP number registered, how to withdraw PayPal application . It's showing the interest accrual! I overstaffed purposely to keep up with demand during our busy season, spring/summer, so I more than spent enough on payroll to cover the 8 week window I was told in the beginning. I applied for a Paypal PPP. Hello. Small biz owner in California here at wit's end. You buy their bullshit "promise" instead. 9% reduction. One company has been funded by Paypal. So I was among the many early applicants that got screwed by PNCs handling of the PPP. Seems like Hi All, Just wanted to share my experience with PayPal PPP so far. For example, you won't be able to send the Bitcoins you think you've purchased to your own wallet, nor to any other wallet for that matter. Please use the relevant stickied megathreads for request advice on pricing or to add your links to our "share your art business" thread so that we can all follow and support each other. People who actually get the loan without much trouble aren't likely to upload their stories, compared to who goes through lengthy process. Called PayPal to return. First, I am an advertising/editorial photographer and my business is set up as an LLC. Finally, I applied for PPP through PayPal for the first round and was denied. After going to the bank and getting a direct deposit form (I don’t have checks) and a print out of my bank activity for the months of feb-April of 2020, I I have two companies that I applied via Paypal. Itria Ventures (Biz2Credit) is by far leading the pack in number of loans processed. PayPal PPP Round 2 status. We applied as a Sole Prop to Lendio during the first round of the PPP, but bailed out of the application after reading some negative feedback on Reddit, and getting uncomfortable with the amount of information I was giving this company I had never heard of. Small potatoes at $3,470 (sole prop), but definitely enough to get me through the next two months SBA form 3508S PPP Loan Forgiveness Application + Instructions; SBA Form 3508S does not require borrowers to provide additional documentation upon forgiveness submission, but borrowers should be prepared to provide relevant documentation if requested as part of the loan review or audit processes. Not sure what’s going on but applied to PayPal PPP 04/15. If you are in the US, open a case with bbb. I applied for the PPP loan through Paypal on 4/19. Their automatic system said all agents were assisting other customers and the call was disconnected immediately. I subsequently called paypal customer service, wait time was not bad about 15 minutes, I spoke to a live person. Just got PayPal PPP Loan . Just got funded today after weeks on waiting. DocuSigned on 4/24 and received SBA submission confirmation e-mail on 4/29 at 5PM. Has this happened to anyone else? How do I prove that I do not have any other PPP loans? Any suggestions? Anyone have any any confidence that PayPal/Loanbuilder will be offering PPP 2. Considering it is the same parties, that part of the story doesn’t surprise me. This sub is not for advertisements! Questions and answers about starting, owning, and growing a 13 votes, 46 comments. It was that or selecting that there are other members managing or whatever. Last night the SBA published the PPP forgiveness application form. If you don't like the rules don't use PayPal. I signed under the pressure. Nothing Is it typical for PayPal to hold money? I received a message from PayPal that my PPP Loan was accepted by another provider, but I have no idea who; I don't see any e-mail from other providers. They're both fine cards but if I had to pick one or the other I'd lean toward the PayPal card. " The funny thing is Skip to main content. So far the PPP program has be one screwup/disaster after another. Logged in and immediately provided all my documents including excel. Really strange. Payroll verification PayPal PPP? I’m a sole member LLC and they are requesting payroll verification. Log In / Sign Up; Applied for PPP 21 days ago at Citibank, 11 days ago at Paypal, 9 days ago at Lendio, 5 days ago at Square and 6 hours ago at Blue Vine. What kind of documents did you guys provide to PayPal for payroll verification as a sole proprietor? I'm assuming tax returns and what else? Related Topics Business View community ranking In the Top 1% of largest communities on Reddit. So those of you who applied with PayPal check your dash boards! I got the funds a day after I signed View community ranking In the Top 1% of largest communities on Reddit. Here's a relevant excerpt from the email. A lot of banks focused on current customers so I doubt the majority needed to do a credit pull (since they already knew Paypal Home. I did the right things and spent on the right PayPal vs Lendio for PPP. BofA doesn’t give a shit about you, if you’re truly a small business take your business elsewhere. Going to call PPP & Paypal - "Unable to verify identity" Did anyone else get this PPP loan rejection from PPP? I don't know why they would reject it for identity. I applied for PPP through paypal last week. Your application for a Paycheck Protection Program loan through PayPal in the amount of USD 10,830. My PayPal PPP app: My Loanbuilder site is now showing a loan number starting with "a" followed by 8 numbers. Log In / Sign Up; Advertise on Reddit; Shop 1. I always love messing with scammers acting like i sent them money through Cashapp and Paypal but it would be easier and more PayPal is located at 2211 N 1st St. Looking through this sub for the first time, I see a lot of Paypal still doing shady AF stuff, freezing peoples accounts, shady refunds, lost money. Currently awaiting counter signature. We are required to receive this I apllied for PayPal PPP and received docusign email in 1 day. Tap New to PayPal? Sign up. A PayPal Business account is required; Have a PayPal Business or Premier account for at least 90 days; Processed at least $15,000 in PayPal sales in the last 12 months ($20,000 for Premier accounts) No outstanding PayPal Working Capital loan; Credit check: Requires credit checks because the loan is based on a full picture of your business I sent an email to the citi ppp loan officer on 5/1 in the am and said that this didn’t make any sense and that I demanded an answer as to why I wasn’t approved. Here is a link to SBA Search for Lender The Small Business Administration today informed us today that the #PPP funding has been exhausted and that the PPP application portal has now stopped accepting applications. No more complaining about PayPal policy and their taking funds from your account for violations of rules. Hi all, How much did your credit score change after a hard inquiry for the PPP? I used PayPal with webbank and my score dropped 30 points. PayPal told me that I could re-apply or file an appeal. I God bless reddit. I signed . I got turned down for PPP through PayPal because “unable to verify identity”. PayPal is the most promising. They View community ranking In the Top 1% of largest communities on Reddit. If you got an email of pending status that was a soft decline. The other 3 sent status updates as they went along. Updates will be provided at Same Issue, so it worked for a while when I was creating new verified PayPal accounts, however I can't create no longer more accounts, so no im stuck again. I called, I emailed, no response. After you upload the documents, i recieved an email in about 2 hours saying i had "docusign" documents to sign, i signed those documents and are waiting for them to sign. Help needed regarding PayPal PPP ASAP Not sure what is up with my application . Oct-29-2024 04:46 AM. Or check it out in the app stores SBA PPP Out of Money Thank you for submitting your application for the Paycheck Protection Program loan through PayPal. No I did not complete the DocuSign. Thank you for completing your online application for a Paycheck Protection Program (PPP) Loan through PayPal. Log In / Sign Up; 4/22- Original Paypal Application submitted. So, please, people: do NOT leave funds in a PayPal account! Do not use PayPal as a bank--PayPal is not a bank, and is not regulated as a bank, and can take/hold your money at their whim. I'm to receive 16K PPP loan based off my 2018 taxes. Step 2: Link a Bank On the top left, click on Link a bank and that should take you to this seach page. And terrified. Since I had to include a bank account in the View community ranking In the Top 1% of largest communities on Reddit. 00 has been FULLY APPROVED and accepted by the SBA. The decision cannot be appealed, but you do have the option to re-apply. It cannot be submitted by borrower. I applied to three lenders: Td bank, lendio, PayPal. got dousing for PAYCHECK PROTECTION PROGRAM (“PPP”) LOAN AGREEMENT. Still waiting on eidl loan. Regarding PayPal PPP; My 2 week old application was DELETED from their system (a rep admitted it) and I reapplies, only to be rejected for unsatisfactory credit. 4 Get the App Sign Up Here’s how PayPal Rewards work: Want to see anyone experience. I read this forum tenaciously. I got a ppp of 160,000. First, I want to thank you for helping me navigate this s-show of a PPP process. 13 owing to PayPal. There is approximately $6 billion in funding for previously submitted loan applications subject to SBA hold codes that have yet to be resolved. Tap Link Card, then Get Started. It's if you're using misinformation in relation to getting the money through PayPal. I told them of my experience with PayPal; they were appalled and said that my business is completely eligible. Can we apply to the IRS to change our accounting method for Y 2020 and then apply for the PPP round 2? 20 votes, 53 comments. This sub is not for advertisements! Questions and answers about starting, owning, and growing a PPP & Paypal - "Unable to verify identity" Did anyone else get this PPP loan rejection from PPP? I don't know why they would reject it for identity. Everytime I submit one its a scam . PayPal just approved me but it was for almost $3,000 less than blue vine. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Paypal Home. I did not get PPP. That’s wonderful news, but I just want to make sure I manage this money properly. jdh724 • . IMO no such thing as best. This is the only way we owners take Thanks, good luck with your business. Of course it depends on your location and the amount you were paying yourself on a W2 - in California at least with the bump in UI payments plus it's easy to qualify for the max UI here (1800/month) there may not be a lot of difference between PPP and UI payouts, though in my view keeping the business going is preferable. So today at 5:23 pm I get an email notification to sign my doc for a loan from paypal ppp. Applied with Lendio as well, we will see what happens. Guess which one approved me? Unbelievable. This email also shows my new SBA loan number and it is showing active undispersed on caweb. I submitted my app on the 27th, DocuSigned on the 28th and is currently in underwriting. God. Link to my explainer video. I have been emailing and calling Paypal and WebBank to correct the amount everyday since then. So, I believe PayPal would PayPal intends to help provide access to the additional PPP funding. May we use marketing cookies to show you personalized ads? The SBA posted updated loan totals today for 2021 PPP. Crypto Lendio and ready capital pushed thru my ppp on 4/25. I’m a really small company with It’s pretty much the top dog of online payment, so it’s as safe as it gets. 4/27/2020 - Full Email received from PayPal on 4/27/2020: Thank you for submitting your application for the US Bank just emailed that they expect to accept PPP 2nd Draw applications soon. Salaries are a huge cost for businesses and they keep trying tech solutions/automation of After you create the account you should recieve a email immediately regarding "needing more documents' which you can upload in the portal. If you have disposable income, just find an experienced professional near you and find out what your options are. Have been stuck in Sign Loan Agreement phase (I signed the Docusign document). It’s hard to even type this with the excitement, gratitude, relief and the passing of a massive anxiety of what was to come of we didn’t get this. Matched to Northeast Bank via Lendio for Round 2 PPP. Today (4/29) Secure Email from BBVA. Enter your debit or credit card information. NO business promotion, blog spam, rants, lead generation, success stories, unsolicited instructional texts, treatise, or how-to's are permitted in posts. All of our payroll is withdrawn from the same bank account that the funds were deposited to, but this is also our normal operating account I started my PPP application with Womply on the evening of April 16th (so, technically it began on April 17th). Applied last night around 10pm. PayPal PPP blank screen . We recently learned that the initial $349B in funding allocated by the US Government for the Paycheck Protection Program has been depleted. boa is going to say you did not submit everything needed in time and funds run out. Finally got DocuSign paperwork from Paypal and was feeling the first tinges of relief when after completing and hitting send I come here and see that PPP is out of money- just as I think we might have 11th-hour help. I put in an application at Paypal before PPP round #1 closed down, but got hung up on the LoanBuilder My status with Paypal PPP is saying sign loan agreement. As per PNC my app is all ready to be submitted to the SBA , as it was all last week, so I have zero faith in them whatsoever. I logged into PayPal and it said in review with underwriting. As one of the first non-bank institutions approved to participate in the Paycheck Protection Program (PPP) in April of 2020, PayPal was able to: Facilitate PPP loans to more Meet PayPal Business Loan, a fixed-term small business loan based on your overall business health. They just extended. Meanwhile, I receive an email from another lender that the SBA has approved my loan. My mom who also applied Regrettably, PayPal is not provided details why the loan was denied. Why the hell do people use Paypal? It seems their business 15 votes, 116 comments. We applied with a few different lenders under the assumption that the Fed is going to re-up the PPP loan pool in the next few days. I also got the free 10k grant. 0? Website still hasn't updatedI'd like to use them again since they This is a friendly reminder that r/smallbusiness is a question and answer subreddit. PayPal PPP denial . Buy from millions of online stores without sharing your financial information. There is nothing that disqualifies me. (If you didn't know Paypal is meant to take it out of your PP balance first. I applied for PPP through Paypal, got through and was sent an email telling me to create login credentials. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise of our events have been cancelled or postponed; we have not had work since 3/23. The application indicates the lender must submit to SBA. 2,3 Or use the PayPal Cashback Mastercard® to earn 3% cash back on top of your offers. I tried to unlink the accounts from the PayPal app in the data and privacy settings, no luck doing that. hkkxp1049 • I was approved and signed the Paypal PPP promissory note April 27, but have not received any money. For more information and requirements regarding PPP loan forgiveness, go Search for PPP loan applications by organization, lender, zip code and business type. NPR is reporting that Continental Materials Corp. org under PayPal San Jose, CA to get your account reviewed again. This sub is not for advertisements! Questions and answers about starting, owning, and growing a We would like to show you a description here but the site won’t allow us. The first 3 all saying “submitted to the SBA”. But these posts are often political or misleading. DoubleCash has a $25 mininum redemption vs none for the PayPal card. Only thing is I qualify for the Customer Assistance not a I noticed my PP balance hadn't gone down, but 4 transactions went through. Scroll Down and The Largest Scambaiting Community On Reddit! Scambaiting by definition is the practice of feigning interest in a fraudulent scheme in order to waste a scammer's time and resources to keep them away from real victims. 1. Received a form letter 4/30 around 7:44pm EST stating that the SBA approved and assigned a loan number. Sole proprietorship Who had gotten forgiveness from PayPal so far and what was the process/timeline? I’m getting nervous. Didn’t get a approval email yet just saw it was approved on the dash board and than checked my bank account and it was there. Not sure what's going on over there at Paypal. I have provided proof of identity Yes, used PayPal for the PPP and they pulled using TransUnion. The second app worked fine and was submitted but Chase actually got my PPP loan completed a day or so before PayPal did as a result. Log In / Sign Up; Advertise on I had also applied to Paypal and an actual person emailed me saying the same thing as Citi, but I have a chance to update my application with them. PPP — Best Practices for for Loan Forgiveness We recently received both our PPP from Paypal and Employee Retention from NYC SBS. Here are the banks who processed the most loans in the past week. If you at the underwriting review they haven’t declined you but have to wait for more funds. Paypal sent a could not verify Identity decline message last week. It Advertisement Coins. 4M subscribers in the smallbusiness community. Second company, where I am the 100% owner as well, was denied with the same reason: Couldn't verify identity. r/Money A chip A close button. Today is Monday and portal says sign loan documents step 4 and no wire into my account. 0 coins. Sent everything in at 9:30 PM (PST time) last PayPal is now participating in the Paycheck Protection Program component of the Act to help make small business loans available to approved borrowers impacted by the PayPal is among the first non-bank lenders to be approved to make PPP loans to small businesses as part of the government's coronavirus stimulus package. Any input 1. I got the paypal ppp email stating that my loan had been approved by SBA and is in the funding stage. Shopping online shouldn't cost you peace of mind. Applied with Paypal on 04/15 and uploaded all documents needed same day. Reddit has been very helpful! Edit: LLC, 3 employees, owner receives "self-employment income" on K-1. Just got a denial from loan builder said that I didn’t submit enough details and then stated denial reason credit score and to contact trans union for more information regarding their decision. PayPal PPP ‘Sign Loan Agreement’? If you get to the Sign Loan Agreement stage on the LoanBuilder portal, does this mean you were approved already? Related Topics Business Business, Economics, and Finance comments sorted by Best Top New Controversial Q&A Add a Comment. A friend of mine who just got 17k in PPP funding recommended LoanBuilder through paypal, and I applied 10 days ago in the first round. Get the Reddit app Scan this QR code to download the app now. Accidentally sent £60, out of my bank account without actually setting my bank as my default payment. r/paypal A chip A close button. Here's how: Tap Link Card. I am looking for a friend, and anxious to see if they open their portal back up. I applied to the first 3 last Wednesday and PayPal today. I also use Zettle but may be switching that as well. You can reapply with us, or you might be PayPal intends to help provide access to the additional PPP funding. I just got a reply email from PayPal on 4/25 saying we were denied a PPP loan because: Transunion Score 674 Personal derogatory public record or collection filed Proportion of Hi Same thing keeps happening to me!! Now unable to login to Loan builder. PayPal PPP Underwriting Review . You saved my family and my staff. S. I have been a Paypal customer for nearly 20 years, with my PP account tied to the same ebay account, same bank account and Skip to main content. However, I must be in the same situation because my loan officer called me April 20 to warn me that this may happen. For example: trucking, hospice, television, Kasowitz Benson Torres, 90210, Sole We applied for a PPP loan through LoanBuilder (Paypal) for approx. However the loan amount is around 25% if what I requested through their portal. I called 2-3 times and every rep says its still in UW wait. My PPP2 application was denied for the reason of "we don't do business with this industry type. clueless reps calling to ask if everything has been submitted (YES!) who could not provide any specific info I received confirmation, like many of you, that Chase approved my PPP application yesterday and the wired funds were in my account this morning Posted by u/unitedtransport9722 - 1 vote and 14 comments Thank you for submitting your application for the Paycheck Protection Program loan through PayPal. PayPal PPP update . If you're a good credit risk you'll likely get a lower APR with the DoubleCash than the PayPal card. Congratulations your PPP Loan has been approved View community ranking In the Top 1% of largest communities on Reddit. My. “Additional funds for the Paycheck Protection Program (PPP) were replenished today and your application was submitted to the I have my bank linked to both my PP account and PP Credit, but it refuses to link to PP credit card. In addition to funding for first-time borrowers, eligible businesses will be able to apply for a second loan through the program, capped at $2 million. I’ve seen some people on the forums here have better luck that way. I received an email Friday stating Congratulations we are pleased to let you know that we have successfully processed your paycheck protection loan applications and obtained sba loan number. Do not transfer funds into your PayPal account! Simply select your bank or card as the funding source when buying. I selected 100% ownership when I filled it out. Chase refused to provide any Unless you buy e-gift cards using PayPal on your phone before checking out in store, you can’t use the PayPal service directly to pay in store at Target or Walmart. wbghsb mori wwz dqrvk zobaoia jkxpa klzne uukgqa txdof bewsv