1. Support Center
  2. PPP Origination Issues

Why was my application withdrawn?

On May 4, 2021, the SBA informed trade associations that the PPP general fund has been exhausted.

On May 4, 2021, the SBA informed trade associations that the PPP general fund has been exhausted and is closed to new applications. In connection with this news, we can no longer submit new applications to the SBA and therefore, the application you previously submitted has unfortunately been withdrawn.

We are required to disclose that you have a right under the Fair Credit Reporting Act to know the information contained in your credit file at the consumer reporting agency. However, please understand that Lender did not obtain information from any credit reporting agency in connection with this loan application.

While we can no longer accept your application, we encourage you to apply through a CFI, who have funds reserved by the SBA for new loans. A list of lenders is available via the SBA website. It has been our honor to serve you during this round of PPP loan origination, and we regret that we could not assist you further.