Is Womply PPP legitimate?

For those of you that don’t know, Womply is a registered loan agent that helps small businesses streamline the application process and connect with verified SBA PPP lenders. They are not a lender, but their platform is used by a variety of lenders looking to streamline the loan process.

Who is Womply PPP?

Womply is not a PPP lender, and is not in the business of providing legal or tax advice. We are a technology company offering a web platform designed to assist businesses access the PPP.

Is Womply safe?

If you get contacted by someone on social media claiming to work with Womply, it is probably a scam. At this time we do not recommend signing up for Womply, and we recommend researching alternatives instead. You can read our initial review of Womply below, before the complaints started coming in.

Can I still apply for PPP with Womply?

The Paycheck Protection Program (PPP) is no longer accepting applications. Womply is not involved with PPP forgiveness. Please contact your PPP lender for information on their forgiveness process. If your lender has opted-in you can apply via the SBA’s direct forgiveness portal.

Is Womply forgivable?

Short answer: Yes you can, but you will reduce the amount of your loan that may be forgiven. So you should try to spend at least 60\% of your loan on payroll in order to maximize forgiveness.

How does Womply work for PPP?

The program is designed for “Paycheck Protection” so businesses keep and rehire employees. As a result, if you spend your loan on payroll, rent, mortgage interest, or utilities then the government will forgive your loan so you don’t have to pay it back.

Is Womply still funding?

Womply will continue accepting and processing PPP applications in anticipation that additional funds will be added. We’ll keep working until every legitimate SBA-approved business gets funded. Contact your Senators and Representatives and tell them you want more PPP funding.

Do you have to pay Womply back?

You don’t need to start paying back your loan until you receive a decision on your forgiveness application (unless you file an appeal within 30 days of the decision; see above) or 10 months after the end of your covered loan period.

Do you have to pay back Womply PPP?

The short answer to this question is that you have 5 years (previously two years; see “important update” above) to pay back your PPP loan and the 1\% interest that accrues from the time that you receive it.

How do you know if your approved for Womply?

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.

Is Blue Acorn still accepting applications?

Unfortunately We Are No Longer Accepting Applications We know how important it is to keep the backbone of the American economy running. We are doing all we can to advocate for another round of PPP, to get you the funds you need and deserve.