Application Secondary Review: This application is undergoing a secondary review.We cannot provide a timeline of how long this step will take. The SBA will either approve or decline this application. SBA Processing: This application has been submitted to the SBA for review.Lender Submitting: Your signed application has been submitted to the SBA for approval.You should not apply for a PPP loan elsewhere during this time. After you sign your Second Draw application, your application will immediately move forward. The duration depends on factors that neither Womply nor you can control. This holding period often takes up to 7 days after your First Draw loan arrives in your bank account. The SBA requires this holding period to ensure that your First Draw loan was received in your bank account, spent on qualified expenses (including payments to yourself), and marked as Fully Disbursed in the SBA’s systems. After you sign the document, your lender will hold your Second Draw application until the SBA is ready to accept it. Please monitor your email inbox and spam folder for this document. Sign & Hold: You must sign your Second Draw application via DocuSign.You must act on your application to move it forward.For more information, see What to do if you have not received your DocuSign documents.
Check your email inbox and spam folder for an email from DocuSign that contains a link to your application. Borrower Action Required – Sign Application: This application has been reviewed by your SBA-approved PPP lender.
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After you sign the documents, please make sure you download a copy. Monitor your email inbox and spam folder carefully.
To cancel, please log in and then choose the option to cancel.Please allow 48 hours for the cancellation process to finish. Check your Status Detail to see each part of your application and identify any areas that might need to be fixed. We’re processing the information you provided. Womply Processing: This application has been submitted to Womply for review.To complete the application, select it to start again from your current location in the application. To move the process forward, complete the application and submit it. It hasn’t been submitted to Womply for review.
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