How do I file a complaint against US Bank?

If you need assistance with filing a complaint, please call us toll free at 888-851-1920 (TTY: 800-877-8339 via a relay service) 8 a.m. to 6 p.m. CST. If you have questions regarding the status of your complaint, please call the federal regulator or Reserve Bank identified in our acknowledgment to your complaint.

How Long Does US bank take to process PPP?

After submission of a complete and signed application, including required documentation, we will begin our review process. The U.S. Bank review process can take up to 60 days. We will contact you if there are any issues with your application.

How long does a bank have to process a PPP forgiveness application?

Per SBA regulations, banks have 60 days to review forgiveness requests and the SBA then has 90 additional days to provide a final decision. Borrowers will be notified of progress as their application moves through different stages.

Why are PPP loans taking so long?

A common issue causing PPP loan approval delays is providing incorrect information on your application, such as: Mismatched or incorrect business info (addresses don’t match, etc.) Incorrect tax ID (Social Security Number, EIN)

Where is headquarters for US bank?

Minneapolis, MN
U.S. Bancorp/Headquarters

Is US bank still taking PPP applications?

We are no longer accepting new PPP applications for First or Second Draw loans. If you currently have an application in process, please monitor your email for updates.

Does US bank accept PPP loans?

The Small Business Administration (SBA) portal is now open to all eligible lenders for both first- and second-draw loans through the Paycheck Protection Program (PPP), paving the way for U.S. Bank to once again accept applications from small businesses in need. Eligible business owners can apply at usbank.com/ppp.

How do I know if my PPP is forgiven?

Loans received after March 3, 2021 can use their 2019 or 2020 gross income if they used their gross income to apply. If you didn’t have any other payroll expenses factoring into your PPP loan amount, this means your entire PPP loan could be forgiven for the 24-week period.

Are any banks accepting PPP forgiveness applications?

Capital One is currently accepting 3508S, 3508EZ, and 3508 loan forgiveness applications for First Draw PPP loans. Capital One plans to begin accepting 3508S, 3508EZ, and 3508 loan forgiveness applications for Second Draw PPP loans in June 2021.

Are PPP loans on hold?

SBA still processing PPP loans with hold codes — and the funding is officially gone. The Small Business Administration’s Paycheck Protection Program has until the end of June to wrap up the forgivable-loan program — and all of the funding has been spoken for.

Is U.S. Bank owned by China?

Fed Approves First-Ever Chinese Purchase of US Bank It is 70 percent owned by the Chinese government through CIC, the country’s sovereign wealth fund and Huijin, a government run entity set up to invest in Chinese financial firms.