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re: SBA and PPP
Posted on 4/2/20 at 2:34 pm to catfish 62
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
Posted on 4/2/20 at 6:16 pm to Hermit Crab
Just heard the interest rate is being increased to 1%. Probably to keep some of the bigger banks that had been rumored to be backing out happy
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