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re: SBA and PPP
Posted on 4/3/20 at 11:31 am to Pendulum
Posted on 4/3/20 at 11:31 am to Pendulum
You aren't lying. My CU said yesterday that they were handling the loans and were SBA compliant. Got called this morning and they are not participating in the program. Getting put through the ringer over here. Called another bank who I'm not a customer yet and they said they were handling their clients first, then would process my application. I'm screwed!
1
Posted on 4/3/20 at 11:34 am to CajunInFL
quote:
Called another bank who I'm not a customer yet and they said they were handling their clients first, then would process my application. I'm screwed!
In addition to the need to take care of their customers first, banks are also leery about new customers for this package because they still have to deal with the Bank Secrecy Act rules, and that will slow down the process.
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