There has been an update in the PPP round 2 application process.
Although the SBA has not yet started to accept applications for Round B of PPP, you can get ahead of the rush and get started NOW. Millions of businesses will be applying, and the funds were quickly depleted in the beginning of the first round early last year.
Eastern Union Funding, which helped over 10,000 businesses get approved in the first round of PPP funding, is working with a highly sophisticated lender that was one of the top 3 PPP lenders last round. Because this financial institution has a significant loan processing capacity, they have the ability to process a high volume of loans and are expecting to have a fast turnaround time.
In the previous PPP round, applications through this lender were reviewed and decided upon within 2 days of receiving an eTran number from the SBA. By starting now, you’re taking an important step in applying for PPP. You’ll also receive timely communications with program updates to help ensure that your application can be completed and swiftly submitted to the SBA.