If you ever tried initiating your own small business then you must have also heard about Womply for finance. So did you send an application to Womply for getting a small loan for your business? How did it work out for you?
If you sent an application to Womply and now no longer require it then we will provide you with the correct steps to cancel.
Womply aims to provide financial services to small, local businesses so that they are able to thrive in this digital world. Womply is a local platform that provides marketing and financial tools to those local growing businesses so that they retain their customers and have better relations with them to keep their business afloat.
If you already sent an application to get the benefit of their services but now wish to undo the procedure then you can cancel your Womply Application online from their official website by signing in to your account.
How Do I Cancel Womply Application?
It is easy to cancel your Womply application and the procedure is available online. When you send them an application, it is immediately submitted to Womply and they review your application and then process it.
During that time, you can go through the Status Detail of your application to see related details. If it isn’t yet approved then you can cancel it.
1. Visit Womply Official and provide your credentials to sign in to your account.
2. After entering your account, you can select the Cancel option for your application.
3. It will take them about 48 hours to process your cancellation request.
4. Once done, your cancellation is permanent and you won’t be able to reverse it if you ever wish to.
How Fast Will My PPP Loan Be Funded After It’s Been SBA Approved?
Womply lenders distribute many of the loans within 5 days of being SBA Approved. After SBA Approval, lenders are provided with 23 days’ time in order to disburse your PPP loan.
If there is a delay in funding then the reasons could be related to borrowers who might have not well signed the promissory note provided by the lenders or there can be an issue with the bank account of the borrowers. You must ensure that your bank accounts accept the funding provided.
According to SBA rules, a one-time full disbursement is required for the PPP loans by the lenders within 10 days of the loan being approved. When SBA assigns a loan number to a loan, it is considered approved.
If there is a weekend or a legal holiday on the 10th day, the procedure will continue to the next business day. If the loan delays in disbursement due to the issues of the borrowers then the lenders are not considered responsible for it.
Loans could be canceled by the lenders due to the borrower’s failure of submitting the required documents for approval within 20 days of the approval of the loan.
After that, it may take ACH about 1-7 days to process the loan into the borrower’s bank account. Thus, the borrowers must ensure that the banking details provided to them are correct.
Cancel Womply Application-FAQs
Is Womply Still Processing PPP Loans?
According to Womply, PPP ended on May 31, 2021, and one should understand that providing consent to these terms is not a PP application approval condition.
Nor is it the purchase of any of the Womply services or products. However, Data and Message rates may apply. You can easily cancel it by texting STOP.
Can I Change My Womply Phone Number?
If you are wondering if it is possible for you to change your Womply phone number then no, you cannot change it. Your number is registered to your email address and you won’t be able to change it.
You will be required to initiate a new application that consists of your desired, correct number with a new or different email address.
How Do I Contact Womply Customer Service?
If you are facing any kind of issues while using Womply services or are having problems with the loans provided or the delay of the loans and more then you can get in touch with their Customer Service department for the required solutions.
You can dial their help number 855-929-9111 and speak to an expert regarding your problem or send an email to [email protected] and write down your queries there. You can also visit the Contact Us page of Womply and sign in to start with the Live chat.
Wrap Up
Womply services are especially for those small growing businesses that require funding and other tools for better engagement with the customers.
You can easily send an application for a loan request and if you already did but now don’t require it then you can cancel your Womply application by following the detailed cancellation steps discussed above. It is also easy to contact their Customer Support department for other related issues.