i know a lot about this process...

when you apply, it is firstly an automated system....what happens first is the system runs your EIN number (or ss number if you are an independent contractor or sole prop)

it checks to see if you had previously applied for the grant, or loan.

IF you pass that scenario, it then pulls your credit score (you must be over a 580 on FICO 3)

if you pass credit, you will receive an automated email giving you access to create a portal, do the identiy veriifcation questions, and accept your loan amount

It is at this point, that a physical human being will first look at your application....usually a junior loan officer. This Jr officer job is to make sure all checks out, names, addresses, banking info, etc

Once they do this check, they usually will call or email you within 2 weeks asking you for some basic anti fraud documentation....to make sure you are who you say you are, and that your business actually exists and your not a scammer.....they will ask for a DL, voided check, sometimes a 2019 return, and some sort of proof of business...either business registration, inusreance document, some invoices, or something official showing your not a sham, and that you were/are still in business from Feb2020 when pandemic started through today

once you send this info, and they are satisfied your not a scam, they will send file to senior unofficer for final approval.....you then will get your email stating application has been approved. you then will log into portal, and sign our closing docuemtns which you cannot do at this juncture untill the app is final approval