I’ve helped countless small business owners navigate the complexities of PPP loans, and I know how crucial it is to track your loan status through Harvest Small Business Finance. As one of the approved SBA lenders during the COVID-19 pandemic, Harvest played a significant role in distributing Paycheck Protection Program funds to businesses in need.
Whether you’re waiting for approval, checking disbursement status, or seeking forgiveness information, understanding where your PPP loan stands with Harvest is essential for your business planning. I’ll walk you through the key steps to check your loan status and explain what each status means for your application. With the right information at your fingertips, you’ll be better equipped to manage your PPP loan and maintain clear communication with Harvest Small Business Finance.
Harvest Small Business Finance PPP Loan Status
- Harvest Small Business Finance was a major PPP lender during COVID-19, processing $1.2 billion across 8,600 small businesses through both funding rounds
- PPP loans through Harvest came in two categories: First Draw (up to $10M for businesses with 500 or fewer employees) and Second Draw (up to $2M for prior recipients with 300 or fewer employees)
- Loan status can be checked through three main methods: Harvest’s online portal, the CAFS system, or automated email notifications from Harvest
- For loan forgiveness eligibility, businesses must spend 60% or more on payroll costs, maintain employee headcount, and use remaining funds only for approved expenses
- The typical PPP loan processing timeline through Harvest ranges from 7-10 business days from application to funding, with specific stages for review and approval
- Harvest provides multiple support channels including an online portal, email support (PPPsupport@harvestsbf.com), and phone support lines for loan assistance
Understanding Harvest Small Business Finance PPP Loans
Harvest Small Business Finance served as a key SBA-approved lender during the Paycheck Protection Program implementation. I’ve analyzed their loan processing systems to provide accurate insights into their PPP loan operations.
How Harvest Finance Participated in the PPP Program
Harvest Small Business Finance partnered with the Small Business Administration in 2020 to distribute PPP funds. The company processed $1.2 billion in PPP loans across 8,600 small businesses during both funding rounds. Here’s how they participated:
- Established an online application portal for streamlined submissions
- Deployed automated verification systems for faster processing
- Maintained direct communication channels with borrowers
- Created specialized teams for application review
- Implemented status tracking mechanisms for loan monitoring
Types of PPP Loans Offered by Harvest
Harvest Small Business Finance provided two distinct PPP loan categories aligned with SBA guidelines:
- Maximum loan amount: $10 million
- Eligibility: Businesses with 500 or fewer employees
- Coverage period: 8-24 weeks
- Interest rate: 1% fixed
- Term length: 5 years
- Maximum loan amount: $2 million
- Eligibility: Prior PPP recipients with 300 or fewer employees
- Required proof: 25% revenue reduction
- Interest rate: 1% fixed
- Term length: 5 years
| Loan Type | Maximum Amount | Employee Limit | Interest Rate |
|---|---|---|---|
| First Draw | $10 million | 500 | 1% |
| Second Draw | $2 million | 300 | 1% |
Checking Your PPP Loan Status
I’ve identified three primary methods to track your Harvest Small Business Finance PPP loan status through their secure online platforms. Each method provides real-time updates on your loan’s progress through the approval, funding, and forgiveness stages.
Online Status Check Methods
- Log in to the Harvest Small Business Finance Portal at harvest.sba.servicing.com using your registered credentials
- Access the Capital Access Financial System (CAFS) through caweb.sba.gov with your unique loan number
- Review automated email notifications sent from notifications@harvestsbf.com
| Status | Description | Next Steps |
|---|---|---|
| Application Received | Initial submission confirmed | Monitor email for verification requests |
| Under Review | Document verification in progress | Respond to any additional information requests |
| SBA Approved | Loan approved by Small Business Administration | Complete promissory note signing |
| Funding in Process | Loan documents completed | Expect funds within 2-3 business days |
| Funded | Funds disbursed to bank account | Begin tracking eligible expenses |
| Forgiveness Pending | Forgiveness application submitted | Await SBA review decision |
| Forgiveness Approved | Loan officially forgiven by SBA | No further action required |
| Denied | Application not approved | Contact Harvest support within 30 days |
PPP Loan Forgiveness Through Harvest
Harvest Small Business Finance streamlines the PPP loan forgiveness process through its dedicated online portal. I’ve identified the essential requirements and documentation needed for a successful forgiveness application.
Eligibility Requirements for Forgiveness
- Spend 60% or more of the PPP funds on eligible payroll costs within 24 weeks
- Maintain employee headcount at pre-pandemic levels through the covered period
- Keep employee wages at 75% or more of their previous compensation
- Use remaining funds (up to 40%) for approved expenses:
- Mortgage interest payments
- Rent or lease payments
- Utility payments
- Business software costs
- Property damage repairs
- Supplier costs
- Worker protection equipment
- Payroll documentation:
- Bank statements showing payroll disbursements
- Tax forms (941, state quarterly reports)
- Payroll service provider reports
- Employee wage statements
- Non-payroll expenses:
- Utility bills and payment receipts
- Lease agreements and rent payments
- Mortgage statements and interest payments
- Supplier contracts and invoices
- COVID-19 safety equipment receipts
- Business verification:
- Tax ID number (EIN or SSN)
- Business tax returns
- Harvest loan number
- SBA PPP loan number
- Bank account information for payments
- Digital copies of government-issued ID
| Document Type | Retention Period | Format Requirements |
|---|---|---|
| Payroll Records | 4 years | PDF or Excel |
| Expense Documents | 4 years | |
| Tax Forms | 6 years | |
| Employment Records | 4 years | PDF or Excel |
Timeline and Processing of PPP Loans
Harvest Small Business Finance implements a structured timeline for PPP loan processing to ensure efficient handling of applications from submission to funding. The process follows specific stages with designated timeframes for review completion.
Application Review Process
The application review follows these sequential steps:
- Initial Screening (24-48 hours)
- Document verification for completeness
- Basic eligibility assessment
- Tax ID number validation
- Detailed Review (3-5 business days)
- Payroll calculation verification
- Revenue reduction documentation analysis
- Business legitimacy confirmation
- SBA Submission (1-2 business days)
- E-Tran system registration
- SBA loan number assignment
- Compliance check completion
- Pre-funding Requirements
- Review of signed loan documents
- Bank account verification
- Final compliance check
- Fund Release Timeline
- ACH transfer initiation within 24 hours
- Funds appear in account in 2-3 business days
- Email confirmation upon successful transfer
- Documentation Requirements
- Voided business check submission
- Bank statement verification
- ACH authorization form completion
| Processing Stage | Standard Timeline | Maximum Timeline |
|---|---|---|
| Initial Review | 24 hours | 48 hours |
| Full Review | 3 days | 5 days |
| SBA Processing | 1 day | 2 days |
| Disbursement | 2 days | 3 days |
Managing Your Harvest PPP Loan Account
Harvest Small Business Finance provides comprehensive account management tools for PPP loan recipients. The platform enables real-time monitoring of payments obligations documentation requirements.
Payment Requirements and Schedule
PPP loans through Harvest follow a structured payment timeline with specific requirements:
- Monthly payments begin 10 months after the covered period ends
- Interest accrues at 1% from the disbursement date
- Payment amounts vary based on:
- Loan principal
- Remaining balance after forgiveness
- Length of deferment period
- Interest accrual
| Payment Component | Specification |
|---|---|
| Interest Rate | 1% fixed |
| Term Length | 5 years |
| Grace Period | 10 months |
| Payment Frequency | Monthly |
Contact Options for Support
Harvest offers multiple channels for PPP loan assistance:
- Customer Service Portal: Access 24/7 through the online dashboard
- Email Support: PPPsupport@harvestsbf.com for loan-specific inquiries
- Phone Support:
- General inquiries: (888) 455-4789
- Payment assistance: (866) 455-4779
- Document Submission:
- Secure upload through customer portal
- Encrypted email system for sensitive information
- Fax option for traditional documentation
- Email: 1-2 business days
- Phone: Average wait time 5-10 minutes
- Portal requests: 24-48 hours
- Document processing: 3-5 business days
Stay Informed
I’ve seen firsthand how understanding your PPP loan status through Harvest Small Business Finance is crucial for effective loan management. The platform’s user-friendly tools combined with multiple tracking options make it easier for small business owners to stay informed about their loans.
Whether you’re applying monitoring or seeking forgiveness for your PPP loan through Harvest the process doesn’t have to be overwhelming. With their dedicated support channels and clear documentation requirements you’ll be well-equipped to navigate each stage of your PPP loan journey.
Remember to keep all your documentation organized and maintain regular communication through Harvest’s portal. This proactive approach will help ensure a smooth experience from application through forgiveness.
