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Started By
Message
re: SBA and PPP
Posted on 4/3/20 at 10:47 am to LSUFanHouston
Posted on 4/3/20 at 10:47 am to LSUFanHouston
quote:
Mnuchin is tweeting that $400,000,000 "originated" so far today under PPP. Ummm.
There are banks that are processing applications this morning.
Edit: Bank of America is one of them.
This post was edited on 4/3/20 at 10:48 am
2
Posted on 4/3/20 at 11:15 am to Murray
quote:
Edit: Bank of America is one of them.
BOA turned theirs on today, but not until mid-morning, and after that tweet.
The smaller community banks are forging full speed ahead while the "too big to fail" banks are far more cautions. This is interesting.
Posted on 4/3/20 at 11:16 am to Murray
From what I'm told, they are still changing applications which we've seen. But, are also changing the payroll calculator which we haven't.
Looks like they may be changing what information has to be submitted as well.
Go figure they decide to launch this shite on a Friday. There goes my half a day.
Looks like they may be changing what information has to be submitted as well.
Go figure they decide to launch this shite on a Friday. There goes my half a day.
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