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re: SBA and PPP
Posted on 4/2/20 at 2:31 pm to Hermit Crab
Posted on 4/2/20 at 2:31 pm to Hermit Crab
Not to mention CIP issues for non-clients applying to a Bank.
It is a mess. We received 500 applications in an hour.
It is a mess. We received 500 applications in an hour.
1
Posted on 4/2/20 at 2:34 pm to catfish 62
Yes, the main advantage existing customers have is that the bank likely has a good portion of the information it needs to close the loan (entity docs, certificate or good standing, beneficial ownership form). Those things can be a hassle to collect for new customers
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