Source
r/smallbusiness•
outsidepr

Wells Fargo PPP Application In

I was one of the ones who got in on Saturday, April 4th and after eleven days, got the notice to file an application for a PPP loan. The process was straight-forward, though I got timed out once. All the PDF info I needed to upload -- so far -- was four quarters of 941s. The loan amount, which they calculate for you but which you can adjust, was for $98,000 (seven employees, two making over $100k). I'll keep you updated as it goes along, but I'm relieved.

Posted Apr 15, 2020, 10:13 PM UTC

318
Watchoneone•

Hi, I was filling out the loan application and it took me to DocuSign where I uploaded the documents and clicked "finish". It didn't take me anywhere else, didn't show any "you're done" page apart from the DocuSign confirmation. And when I log back in to the bank account, it shows me the "Apply Here" button still. Is the DocuSign thing the last stage of the application?

2
Watchoneone•

Congratulations on getting your loan application through to the next stage, by the way!

3
dboaks22•

Did you get an email confirmation? There was no confirmation page after the docusign, and I also still have the "Apply Here" button, but I did receive a confirmation email after the docusign was submitted.

3
Watchoneone•

Yes, I just got one. Thank you!

1
outsideprOP•

I think it is, yeah. But I have not received any follow up email.

1
dppham1•

Did you ever get your loan approved? I finished the docusign stuff about 16 days ago, but I've only been receiving updates daily via email from Wellsfargo saying the same message. It just says "We have been reviewing the information you submitted with your loan application in order to prepare it for submission to the SBA as quickly as possible. If you haven't done so already, please complete and return to us any documentation we've already requested from you as we anticipate that demand will exceed available funding." Wasn't this the whole point of the docusign?

1
outsideprOP•

Nope! Just...crickets. Every day the anxiety gets worse. And here some folks are saying, "Got the funds! 14 hours after Docusign!" and I'm like...wtf?

1
meh_h_h•

I get the same thing every day too since I turned in all the documents and signed the DocuSign on 4/20. Any update with you?

1
babyolliv•

Just applied as well! Wondering how long it’ll take for approval

2
bmart99•

We applied yesterday (4/14) evening. Received a confirmation email, but still have the “apply” button over the accounts. New word since the automated email.

2
finnley77•

Your loan application $$ amount & # of FTE is identical to mine.

I’m still waiting on the invitation from Wells to complete application.

Was all of your payroll in your 941s?

All but $100k of ours is. We do biweekly checks from business account To personal account as the business owner so that’s not on the 941. All other staff payroll is through paychex and accounted for in the 941 docs.

Owners paychecks are reflected in our wells business bank account though.

Good luck!!🤞🏻🤞🏻🤞🏻

1
outsideprOP•

Yep, all our payroll is on ADP, so our 941 is the whole bit. Good luck to you too!

1
a_w_h_2020•

I completed the portion on Wells Fargo and was redirected to DocuSign. While gathering a couple additional documents, the session timed out and there is no way for me to get back in. Has anyone else encountered this issue? Were you able to re-access your DocuSign to complete that portion of the application?

1
outsideprOP•

I timed out before the Docusign portion. But yeesh, what a mess, so sorry

1
jrtarry21•

My DocuSign session timed out and I can't figure out how to access it or my application. I'm waiting for emails from Wells Fargo.

1
nickgencs•

Same here. Guess we are all losers that will never sign now.....

1
ohmyglamlash•

Yup, just happened to me and see now way of getting back in to finish signing or uploading my tax documents. I'll let you know if they email me to complete the process. They did email however to let me know they received the application so I don't understand 🤷

1
chrisjavier2604•

Call the 800 to find out if you ade approved 800 231 9244, enter your last 4 ein number and you will find out inmediately

1
cagoods•

Same thing happened to me -- I can't get into anything now, but I did receive an email from Wells that said the app was completed. I'm hoping they send a new email to access the DocuSign portion. Since I'm a day behind you, please let me know what happens, or if you figure it out! Thanks.

And yes, I see that you can still go in and apply for the PPP (the header on Wells' home page seems to be static), but it seems like a really bad idea to submit another app, so I'll wait for notification along with the rest of you! Any updates would be appreciated.

1
cagoods•

I just received an email from Wells to complete the DocuSign, so I guess they figured it out!

1
Startsnow2272•

Same thing happened here, I did get confirmation it was signed but I did not get docs uploaded. Feel like this will push us back farther in order of approval, once more funding is signed.

1