Exhibit C, Biz2Credit PPP, Processing Summary — Case 1:24-cv-02001-JLR (Document 1-3)
Summary
Exhibit C, filed 03/18/24 as Document 1-3 in Case 1:24-cv-02001-JLR, reproduces a Biz2Credit PPP 'Processing Summary.' It says Biz2Credit PPP submissions are successful into SBA 75% of the time, cites proactive error resolution with SBA via technology, and shows a total volume of $1.95B approved as of 2/8. A note says an SBA decision does not guarantee that a loan will be approved or that the SBA will accept the full application amount.
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- Date
- 2024-03-18
Cite this document
“Exhibit C, Biz2Credit PPP, Processing Summary — Case 1:24-cv-02001-JLR (Document 1-3).”
Dated 2024-03-18. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/1-3-bf80d97206/
, SHA-256 af25650b336ab8e3c7458b0f674cb49641576829920fd54a2097358021544f95.Full text
Case 1:24-cv-02001-JLR Document1-3 Filed 03/18/24 Page1of2 Exhibit C Page 2 of 2 Filed 03/18/24 Case 1:24-cv-02001-JLR Document 1-3 Processing Summary Processing Time T O- T 2 Bus. Days current average processing time required for verification and loan closing prior to disbursement Submission Success Biz2Credit PPP submissions are successful into SBA 75% of the time. Proactive error resolution with SBA via technology means higher likelihood of receiving an SBA decision faster. Please note: An SBA Decision does not gucrantee that your loan will be cpproved, or that the SBA will accept the full application amount All PPP loans subject to program eligibility requirements and application verification. Total Volume $1.95: total Biz2Credit approved as of 2/8
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