[Question] Anyone apply via regions?

[Aplus]

[Question] Anyone apply via regions?

Hi, I applied via regions for the PPP loan however it's been super slow

My application status says -

Loan Application Status: Submitted to SBA for Authorization

But it's been like this for the past few days. Does this mean regions approved the first round of reviews?

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This is what it says on their website.

Next Steps

1. Your application will now go through Regions’ review and validation process. If we have any questions, a Regions associate will contact you using the email address you provided.
2. Once all information is received, reviewed and validated, we will work to submit your application to the SBA. Note: Application processing times and authorization are not guaranteed and are dependent on SBA systems availability, processing and guidelines.
3. Once Regions receives final approval from the SBA, you will receive an email linking to the DocuSign NA3 System to electronically execute your final loan closing package.
4. After we receive the executed loan package and confirm that it is complete, we will disburse funds into your Regions deposit account.

submitted by /u/imnotofthisuniverse
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