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- So far in 2021, Womply has helped another 150,000 businesses access the latest round of PPP. Year over year, Womply’s average loan size has fallen by 63% to $22,000—a direct result of our efforts to reach underserved, minority, and under-banked borrowers. Womply estimates that up to 30 million individuals and businesses are eligible for PPP loans.
People also ask
Does Womply underwrite a PPP application?
Did Womply & Scammel fail to get a PPP loan?
When will Womply's PPP fast lane rules come out?
What happens if I change the information on my PPP application?
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.
Mar 20, 2024 · Between February 2021 and May 2021, Womply and Scammell advertised or made statements claiming consumers would receive loan funds if they applied with Womply. For example, an email announcing...
- Kelly Phillips Erb
Mar 18, 2024 · The upshot for small businesses struggling to stay open? The FTC says Womply’s conduct resulted in many of them missing out on the PPP window and the funds they desperately needed. The complaint alleges multiple violations of the FTC Act and the COVID-19 Consumer Protection Act.
