Newtek Business Services Corp.
Dear PPP Applicant,

Newtek remains focused on getting your PPP application in a position for SBA approval. As you know, April 27, 2020 was the first day that SBA allowed second round PPP submissions and E-Tran number requests; however, due to the overwhelming response from all Lenders, the SBA’s system was extremely slow and unresponsive for most of the day. We are working hard to obtain an E-Tran number so that you can continue the process of obtaining a PPP loan.  Once we have received confirmation that an E-Tran number has been issued for your application we will contact you by e-mail.  We appreciate your continued patience while we wait for the SBA’s response to the millions of applicants requesting PPP loans during these unprecedented times.
 
As noted above, we will provide an e-mail confirmation to you when an E-Tran number is issued. Receiving an E-Tran number doesn’t finalize the loan approval process, it brings the process toward its final stage, subject to final documentation and final due diligence.
 
Please feel free to send any questions that you may have regarding your application to info@newtekone.com.
 
Thank you again for your patience and understanding during this process.

Newtek Small Business Lending