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re: SBA and PPP

Posted on 4/3/20 at 11:34 am to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37846 posts
Posted on 4/3/20 at 11:34 am to
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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