How do I increase my PPP loan in etran?

Increasing PPP Loans in E-Tran

1. Enter the new average monthly payroll amount to support the loan increase and SAVE.
2. After saving, enter the new total loan amount, update the use of proceeds and SAVE.

How do I access etran?

Go to https://caweb.sba.gov/cls/dsp_login.cfm and log in. At the top right, select the person icon. Select “Request Access to CAFS Systems” and make selections shown below. Select “Electronic Lending- Origination (ETRAN)”

How do I change my tax ID in etran?

Instructions – Tax ID Changes in E-Tran Click on borrower’s name in left menu pane 5. If you can see the icon below you can edit the Tax ID Number 6. Delete entire Tax ID Number and re-enter the correct number.

What is an etran number SBA?

It should be a 10-digit number and will be shown in your Biz2Credit account on all accepted loan applications. If you have received an E-Tran number, this means that your application has been accepted by the SBA. Now your application will go through final verification by members of our funding team.

How do I know if my PPP loan is approved?

If you applied for your PPP loan via Womply, you can check loan application status at https://www.womply.com/ppp-status/. If you did not apply through Womply, you will need to contact your SBA-approved lender and request a status update.

Can I increase my first PPP loan?

Can I increase my PPP loan amount? You are eligible to increase your PPP loan amount if you meet both of these criteria: You have not already received forgiveness on your original PPP loan. The increase you are requesting doesn’t take you above your maximum PPP loan amount in 2020.

What is an etran number?

E-Tran, often known informally as Etran or etran, is the U.S. Small Business Administration’s electronic loan servicing portal. The bottom line is, if you want your PPP loan money, your loan needs to be assigned an E-Tran number first.

What is Womply PPP?

Womply is a registered loan agent, helping small businesses streamline the application process and connect with verified SBA 7(a) PPP lenders. We aren’t a lender, but we care about helping small businesses stay solvent amid the COVID-19 outbreak.

How do I file an SBA loan?

How to Apply for an SBA Loan in 5 Steps

1. Choose which SBA loan program to apply for funding through.
2. Make sure you’re eligible for your chosen SBA program.
3. Find an SBA lender that lends through your chosen program.
4. Gather your docs and submit your SBA loan application to your chosen lender.

How do I know if my SBA application was approved?

Call 1-800-659-2955 (the SBA Disaster Assistance customer service center) and ask for Tier 2. These reps can answer questions about the application process and your EIDL loan status.

How do I find my SBA etran number?

How do I sign up for E-Tran? You may contact Robert Krum at [email protected] or at 800-347-0922 extension 2906.

What happens after PPP loan is approved?

Once your loan has been approved, your lender will begin processing the loan before funds are added to your account. The SBA further clarifies how long the lender has to disburse funds: “The lender must make a one-time, full disbursement of the PPP loan within ten calendar days of loan approval.”

What do you need to know about Etran application number?

The ETRAN Application Number is very important as it is unique to each Project and must be used for all future documentation and communication related to the application for that same Project. 7. The loan request will enter the processing queue for review by an SBA loan officer. 8.

Where can I find the Etran 504 training?

The ETRAN 504 presentation that was performed in April 2017 can be found here: https://www.sba.gov/sites/default/files/504_Training.pdf. 3. Select New Application at top of screen. Enter the information on the Lender Information screen. Press Save /Next.

How to apply for SBA loan in Etran servicing?

Log into CAFS 2. Select ETRAN Servicing 3. Enter SBA Loan Number and select Search 4. Once you are on the loan screen, select Documents at top of screen.

How to submit an Etran loan application to SLPC?

At Step 5, select both Electronic Lending – Originate ETRAN “Enter/Edit your SBA Loan Applications” and “View your SBA Loan Applications.” To submit requests to SLPC after loan approval (such as 327 requests, closing requests, environmental reports, and appraisal reports); you must request access to the role ETRAN Servicing Update.