![]() 3 strategies small business owners are using to get their SBA stimulus loans faster - When will your SBA loan be approved? Why the process is moving so slowly -College educated investors may be more likely to fall for coronavirus scams - Corporate credit markets do brisk business after Fed help -Listen to Leadership Next, a Fortune podcast examining the evolving role of CEO -VIDEO: 401(k) withdrawal penalties waived for anyone hurt by COVID-19 Subscribe to Fortune’s Bull Sheet for no-nonsense finance news and analysis daily. More must-read finance coverage from Fortune: Only existing PayPal merchants are currently eligible to apply for the PPP loans, which the company aims to send to qualifying small businesses within 24 hours of their application. “Because the sooner we can get those loans into the hands of small businesses, the more quickly we’re able to get those disbursement checks into the hands of those who most need them, the better off our economy and our country will be,” Schulman added. Please note information on the status of PPP loans is not available. (People eligible for the checks can now provide their direct deposit information using a PayPal account in lieu of a bank account through a new IRS portal launched Friday.) Your application for a Paycheck Protection Program loan through PayPal in the amount. ![]() “We think that we can be a great platform for the distribution of those,” Schulman said. In an interview with Fortune last week, PayPal CEO Dan Schulman said he and his employees were working “literally 24 by 7” to be able to offer PPP loans through the SBA, as well as to allow recipients of individual stimulus checks to receive their money digitally through PayPal and its payment app Venmo.
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