Last week, I was officially approved for my PPP loan through PayPal. How long does it take for the funds to get into my checking account, typically?
I ask, because I requested and was approved from $47,500. Today, $3000 from the SBA was desposited into my account. But I have no clue if these are releated.
I also recieved email saying my loan was approved by the SBA and that my funds would be deposited into my account. It has been 2 days now for me and nothing yet. Can you update your status now? What was the 3k? And did you get your loan?
Hi - I did receive my funds about 7-8 days after the approval letter.
The $3000 is from the EIDL. If what I'm told is correct, you get $1000 per employee and my company employs 3 people, not including myself. So that's why that $3000 is there.
