How long does it take to get your money?
HR Questions>How long does it take to get your money?

How long does it take to get your money?

Questions are submitted by our Workest readers. Sign up to ask an HR question of your own, and to contribute to the conversation

Craig asked 3 years ago

1 Answer
Brittany Staff replied 3 years ago
Hi Craig,

I’m not sure which loan you applied for, but according to other small businesses, the PPP loan can take several weeks. However, if you applied through Paypal, they are reporting a one week turnaround.

The SBA is reporting a backlog of EIDL applications. But if you apply for an EIDL, you can also request $1,000 per employee, or up to $10,000 in advance (amount can be forgiven). This cash advance is given within a few days of applying.

Most read stories

This website provides general information related to Zenefits services and related laws and best practices. This content and Zenefits employees do not provide legal advice. While we strive to provide useful general information applicable to the majority of our readers, we do not - and cannot - provide legal advice specific to your company and your situation. Already a Zenefits customer? Enjoy on-demand HR Advisory Services for all your HR and compliance questions. If not, learn more here.