For information pertaining to the new Stimulus Relief Package please visit our PPP page.
PPP2 (Second Draw)
We are currently at a processing time of 3-4 weeks from the date of submission.
Previously for First Draw PPP, the SBA’s goal was to get funds out to the people as quickly as possible and do verification at Forgiveness. Now comes Second Draw, it is more structured and both TMC and the SBA are closely verifying everything to make sure requirements are met and that it is correctly filed before actual disbursement.
For a brief timeline: after we review your application and submit it to the SBA, generally it will take about a week-and-a-half for you to receive funds.
After SBA approves your application we will inform you of the good news, send over loan documents/ACH for you to sign and confirm; when you submit the signed documents back, you should receive the funds within the next week or so.
Thank you kindly for your continued patience, our team is working as fast and accurately as we can with this high demand for the new round. We sincerely appreciate your understanding, please continue to reach to if you have any other questions.