If your status on the Womply portal is ‘Failed Funding’ it means Benworth Capital sent an ACH payment to your bank to fund your PPP loan, and there is an error in the bank information you provided on the Womply portal.
Here’s what you need to do to get your PPP loan.
Update your bank information on the Womply portal:
Carefully enter your bank account and bank routing numbers. If there is an error, funds will be rejected again, and your loan will remain in Failed Funding status.
Important to know when updating your bank information.
Here’s what will happen after you update your bank information.
Womply (not Benworth) will change your status from Failed Funding to Funding. This will automatically alert Benworth Capital to re-attempt to fund your loan using the bank information you update.
Benworth will re-attempt funding and your status will update to Borrower Funded. It takes 5-7 business days for the funds to appear in your account. Saturday, Sunday and bank holidays are not business days. In addition, your bank may have its own policies related to hold times on ACH payments, and we suggest that you check with your bank on the processing time for ACH payments.
If you need further assistance, visit www.womply.com/contact-us
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