Borrowers don’t need a registered business entity, business license, official place of business, business bank account, accountant, lawyer, or business banker to apply for PPP. PPP Fast Lane includes multiple layers of fraud prevention and identity verification, which is essential to serving PPP loans at scale in accordance with government rules. Womply developed PPP Fast Lane as a simple, web-based data collection process that takes about five minutes. Together, the partnership seeks to bring much-needed financial relief to the people who need it most, when they need it most. Harvest is a proven SBA-approved lender whose vision statement includes “Fast, Easy, and Flexible.” This purpose aligns perfectly with Womply’s breakthrough PPP Fast Lane process that streamlines applications for truly small businesses, independent contractors, sole proprietors, gig workers, and eligible self-employed individuals. From the beginning, Harvest has specialized in providing affordable loan solutions for small business owners who may not qualify for commercial mortgages through larger banks or credit unions, and Womply’s fundamental focus on small businesses, and their commitment to spreading the news about the benefits of the PPP, aligns perfectly with our goals to help more people benefit from this much-needed funding.” Do not edit unless asked or you know you made a mistake, otherwise your application will be delayed.SAN FRANCISCO-( BUSINESS WIRE)-Womply, the local commerce platform that provides apps, APIs, marketing, and financial tools to make local commerce happen, today announced a new partnership with Harvest Small Business Finance to help more of America’s struggling small businesses, gig workers, independent contractors, and self-employed people access vital Paycheck Protection Program (PPP) funding with as little friction as possible.Īdam Seery, COO of Harvest Small Business Finance, said, “We are very proud of our new partnership with Womply to help more small businesses and hard-working individuals get access to these federal PPP loans. Your application info will require another review after you edit it. You can do this if you entered the wrong name, SSN, or had another issue. Now you can login to edit your basic info prior to submission to a lender. We process these requests daily and they are subject to other rules. But now you can cancel an application yourself by first logging in. Our support team can’t accept these requests. Be sure to follow our instructions regarding DocuSign. This takes 24hrs and can only be done once per day. But if your application is in a status requiring your signature, you may login to request that we resend your document via DocuSign. Be sure to upload all of the requested documents. We still recommend connecting instantly, but we are now processing manual bank documents within 24hrs. After your application is submitted in Fast Lane we review all numbers to confirm they’re correct and associated with your SSN. We instantly classify your tax documents to ensure you uploaded the correct form. Only the SBA can fully approve a PPP application. And it’s up to lenders to decide whether your application meets their standards. Womply doesn’t underwrite your loan or move money as part of the PPP program. Lenders make decisions on each application, submit them to SBA for approval, and fund loans once they’re approved. Whereas with PPP Fast Lane we help sole props, 1099s, and other businesses without employees access the PPP.įor Fast Lane, Womply builds and runs the web interfaces you use and collects/validates/organizes your data. Womply is partnered with SBA-approved PPP lenders on two totally separate programs: Our regular PPP program matches businesses with employees to PPP lenders. We launched Fast Lane because we believe every small business deserves a chance to apply for PPP and because we couldn’t convince lenders to serve this market alone. We’re a technology company that–under normal circumstances–serves small businesses with marketing, CRM, and business analytics tools.
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