Nobody will tell me why my PPP loan keeps getting rejected... help

[Aplus]

Nobody will tell me why my PPP loan keeps getting rejected... help

I have applied at 6-8 different banks and I am stuck in PPP hell.

I keep getting rejection notices with very vague explanations like:

• "One or more applicants does not meet Small Business Administration eligibility requirements"
• "There was an issue with verification of your loan."

When I contact the lenders to figure out the actual problem and how to resolve it, they say they can't provide any information, I have to contact the SBA.

When I call or email the SBA, if they even respond, they say they have no information on individual PPP loans and I have to contact the lenders for details.

Does anyone know how to actually get a response or figure out these kinds of problems? Who is actually supposed to know what's going on, the bank or the SBA?

I am watching my business swirl the drain waiting for these funds and I can't get any actual human to provide an answer.

submitted by /u/JustPressEff
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