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The SBA calls for loan providers to distribute a customer’s “PPP First Draw SBA Loan quantity” from their past very first Draw PPP Loan if they submit an application for A draw ppp that is second Loan

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listed below are a tips that are few help gather this quantity dependent on your circumstances. If you’re a:

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    Wells Fargo consumer that has an initial Draw PPP Loan with us, and you also want to make an application for an additional Draw PPP Loan with Wells Fargo – You do not need to acquire or supply a PPP 1st Draw SBA Loan quantity. We’re going to incorporate this quantity for you throughout your application procedure.

Wells Fargo client who’d an initial Draw PPP Loan with us, and also you want to apply with yet another loan provider for an additional Draw PPP Loan – You’ll need certainly to call us at (844) 304-8911 to request their PPP 1st Draw SBA Loan quantity. This quantity isn’t noted on loan documents given to their First Draw PPP Loan.

  • Wells Fargo consumer that has a 1st Draw PPP Loan by having a lender that is different and you also want to use with Wells Fargo for an extra Draw PPP Loan – Please speak to your First Draw PPP Loan lender to request your “PPP 1st Draw SBA Loan Number.” This quantity is likely to be needed in your Draw PPP Loan that is second application.

    • The SBA provides needs for simple tips to calculate your optimum loan levels. These needs is comprehensive. Continue reading →