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re: PPP running out of Money?

Posted on 4/16/20 at 9:56 am to
Posted by NOLAGT
Over there
Member since Dec 2012
13559 posts
Posted on 4/16/20 at 9:56 am to
It does suck. I was about to call your guy because I had zero faith in chase but saw you say he put the brakes on it for now. I really didn’t expect chase to come though. We have banked with them for over 25 years with the company alone but Chase is not your friend imo.
Posted by TigerDeBaiter
Member since Dec 2010
10275 posts
Posted on 4/16/20 at 10:08 am to
Anybody have any idea how things would play out if I was able to get a local bank involved at this point while chase is supposedly “processing/reviewing” mine.

Seriously, frick them. This was designed to be extremely simple and of course the frick nuts screwed their customers.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35696 posts
Posted on 4/16/20 at 10:53 am to
quote:

It does suck. I was about to call your guy because I had zero faith in chase but saw you say he put the brakes on it for now. I really didn’t expect chase to come though. We have banked with them for over 25 years with the company alone but Chase is not your friend imo.


He just posted that he expects it to open back up the week of May 4th from what he's hearing from his district rep.

My suggestion to anyone that needs to get a loan done when it opens back up is to get your documentation in order. We were able to get approved so quickly because we had everything needed for an approval when we submitted. Copies of drivers licenses, IRS form 941, articles of incorporation, Schedul K-1. Get everything together NOW.
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