I’d check eTran/caweb before assuming it isn’t...
CAWEB shows all 3 loans under my profile - the legit 1st and 2nd draw under the name of my business, plus this new 1st draw under my name. Loan status on all is disbursed current. But as noted, I don't understand how this loan could go through and be binding on me if I didn't sign any closing documents.
Contact the SBA and ask them which loan to cancel out. It looks much better cancelling the loan and returning the money than the bank reporting it as being paid off.
Whatever you do, don’t apply to get all three loans forgiven...
That was my question if there's any way to keep the extra $, but it sounds like you're saying it's risky? Because then SBA will come after me?
Assuming I'm not going to keep it, is it a problem to invest it and eventually pay it back at 1% when it comes due?
And if I need to return it now, is it clear that I should be contacting SBA and not this incompetent bank that gave me the money incorrectly? If SBA, what do I even tell them about what happened to avoid getting in trouble?