Borrowers who secured Paycheck Protection Program (PPP) capital through the Womply lending referral platform often struggled with non-existent customer support during forgiveness. Learn how to bypass Womply completely, identify your actual underwriting bank, and utilize the SBA Direct Forgiveness Portal to achieve full loan cancellation.
Understanding Womply’s Role: Tech Platform vs. Lender
Womply operated solely as a loan agent and application aggregator—Womply was never an SBA lender. Loans originated through Womply were funded by third-party institutional lenders such as Harvest Small Business Finance, Capital Plus Financial, Fountainhead, or Benworth.
Executing Direct Forgiveness on the SBA Portal
Because major Womply lending partners integrated directly with the SBA, borrowers can execute streamlined forgiveness on directforgiveness.sba.gov:
- Check your original Promissory Note for your lender of record and 10-digit SBA loan number.
- Log into the SBA Direct Forgiveness Portal using your SSN/EIN.
- Complete the one-page Form 3508S electronic attestation.
- Sign digitally via DocuSign to receive official SBA discharge confirmation.
Resolving Servicing Roadblocks with Freedomtax
If your Womply-originated loan is flagged with administrative holds or assigned to default collections, Freedomtax Accounting’s CPAs provide specialized intervention to clear federal compliance hurdles.
PPP Forgiveness Hurdles or EIDL Insurance Demands?
Prevent forgivable PPP capital from turning into interest-bearing debt, or facing default notices due to missing commercial hazard insurance policies. Freedomtax Accounting’s certified CPAs provide complete forgiveness and compliance management.
Frequently Asked Questions
Can Womply borrowers use the SBA Direct Forgiveness Portal?
Yes. The primary lenders behind Womply loans participate directly in the SBA portal.
How do I find out which bank funded my Womply loan?
Access the MySBA Lending Portal at lending.sba.gov or inspect your original digital promissory note.
Does Womply charge a fee to process forgiveness?
No. PPP loan forgiveness is 100% free under federal law; never pay third-party platforms for basic forgiveness filing.
What happens if I never apply for forgiveness?
Your loan converts into an amortized debt at 1% interest, requiring monthly commercial loan payments.
