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Started By
Message
PPP Approved Loans by State as of this afternoon
Posted on 4/15/20 at 6:40 pm
Posted on 4/15/20 at 6:40 pm
Posted on 4/15/20 at 6:41 pm to MrLSU
BBBBBRRRRRRRRRRRR
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This post was edited on 4/15/20 at 6:41 pm
Posted on 4/15/20 at 6:47 pm to MrLSU
Nevada: average loan amount roughly 10M
Posted on 4/15/20 at 6:51 pm to DomincDecoco
I’m assuming Nevada is a mistake and the person entering the number forgot to hit the shift key on the 4. Ditto for North Dakota.
This post was edited on 4/15/20 at 6:52 pm
Posted on 4/15/20 at 6:53 pm to MrLSU
Is Oklahoma on double secret probation?
quote:
Posted on 4/15/20 at 6:54 pm to MrLSU
Where’s this data from?
This post was edited on 4/15/20 at 7:44 pm
Posted on 4/15/20 at 6:57 pm to MrLSU
If only I knew what a "PPP" loan was to offer my meaningless opinion.
Posted on 4/15/20 at 6:59 pm to soccerfüt
41B for Montana ?
ETA
I see now. Forgot to hit shift on Nevada and Montana
ETA
I see now. Forgot to hit shift on Nevada and Montana
This post was edited on 4/15/20 at 7:00 pm
Posted on 4/15/20 at 7:18 pm to reggierayreb
$220,000 per claim in LA ?
shite I guess I should have pumped mine a little more....
shite I guess I should have pumped mine a little more....
Posted on 4/15/20 at 7:25 pm to Drop4Loss
What happens when these businesses go belly up?
Posted on 4/15/20 at 7:27 pm to Drop4Loss
quote:
shite I guess I should have pumped mine a little more....
Shiiit my bank STILL hasn’t approved ours because they are nitpicking the frick out of it.
Posted on 4/15/20 at 7:27 pm to ellishughtiger
quote:
What happens when these businesses go belly up?
Friend of mine got approved for $800k yesterday and he hasn’t lost a cent of business.
He’s just going to take whatever he has to pay back at 1% over 2-3 years.
Posted on 4/15/20 at 7:29 pm to Drop4Loss
quote:
$220,000 per claim in LA ?
I got a good 5 figure number but mine is legit and will be put to use as it’s designed to.
Posted on 4/15/20 at 7:30 pm to East Coast Band
quote:
If only I knew what a "PPP" loan was to offer my meaningless opinion.
One of the new loans derived from the stimulus bill to help business pay employees for the next couple of months.
Posted on 4/15/20 at 7:32 pm to lsuhunt555
quote:
Shiiit my bank STILL hasn’t approved ours because they are nitpicking the frick out of it.
Sounds like it's time to get a new bank
Posted on 4/15/20 at 7:32 pm to tgrbaitn08
quote:
Friend of mine got approved for $800k yesterday and he hasn’t lost a cent of business. He’s just going to take whatever he has to pay back at 1% over 2-3 years.
Your friend is smart. The loan won’t be 3 years, it will be two. If I were him I would use the loan proceeds to pay payroll exclusively and use the funds derived from operations to either pay down debt, invest, or do significant capital projects and gain new customers.
Posted on 4/15/20 at 7:32 pm to tgrbaitn08
quote:
Friend of mine got approved for $800k yesterday and he hasn’t lost a cent of business.
He’s just going to take whatever he has to pay back at 1% over 2-3 years
The loan can still be forgiven regardless of whether you were losing money. Just have to show that the funds were directed to payroll expenses. Then basically your profits that normally would go to payroll just go into your pocket.
Posted on 4/15/20 at 7:35 pm to FAP SAM
quote:
Sounds like it's time to get a new bank
I agree with this guy, some banks are moving much faster than others.
Posted on 4/15/20 at 7:36 pm to JumpingTheShark
quote:
I agree with this guy, some banks are moving much faster than others
If they aren't trying anything they can to help your business right now, then they don't deserve your money
Posted on 4/15/20 at 7:36 pm to Brightside Bengal
quote:
The loan can still be forgiven regardless of whether you were losing money. Just have to show that the funds were directed to payroll expenses.
The funds can also be used for other "overhead" expenses such as mortgage payments, rent, utilities.
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