We are field staff at the SBA, ask us [almost] anything.

So I applied weeks ago near the end of the first round of PPP with BofA. Kept getting an email from them that my application wasn't complete which was BS.

Long story short I got an email in today saying that BofA was able to successfully submit my application to the SBA. Here's the problem. I've got two businesses applying. I'm not sure which one they mean was successfully submitted . . .it could be one or it could be both. In the mean time Ive since applied with a small bank for both my entities.

Will I get dinged or rejected if my application comes in twice from two different banks?

I'm also afraid to pull my applications from either bank because Im not sure which application will be processed before the funding runs out.

I obviously don't have any plans to try to sign the final papers twice for the same company.

/r/smallbusiness Thread