CARES Act timeframe to receive payment

1

Okay PMI Forum community, we submitted on June 22, nothing yet. What timeframe is everyone else seeing from submission to receipt of funds?

2

We submitted June 18 and received funds July 6.

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3

We got our funds 2 weeks ago. Just showed up in our bank account!

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4

@mekmd thanks for that answer- what day did you submit your application, thanks

5

I submitted June 16; received funds July 6.

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6

I submitted on 07/02/2020. Just called to check status since the status does not change on the website. Representative is unable to check status but as long as an email has been received stating application has been submitted, it is in the review process. The representative indicated an email will be sent when verification is completed. The email will state if entity is eligible for funds and next steps. Just a waiting game. Good luck!

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7

Submitted June 16

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8

It took just a few weeks.

9

Thanks, we received funds on July 22, which appears to have been the magic date for many practices, regardless of when they applied :slightly_smiling_face:

10

Funds received about 3wks after submit. Also received 7/22. Number was spot on 2% of 2019 gross revenue.

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11

Received deposit within 2.5 weeks of application submission. Approximately 2% 2019 gross revenues.