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re: PPP running out of Money?
Posted on 4/16/20 at 10:53 am to NOLAGT
Posted on 4/16/20 at 10:53 am to NOLAGT
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.
1
Posted on 4/16/20 at 11:15 am to VABuckeye
quote:
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.
Excellent advice. We have a lot more knowledge and guidance today than we did when it opened 2 Fridays ago. Just hope they don't change rules again.
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