Your HR & People Operations Questions, AnsweredHow long does it take to get your money?
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How long does it take to get your money?

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Craig asked 2 years ago

1 Answer
Brittany Staff replied 2 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.

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