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re: Didn’t get PPP, what now?

Posted on 4/16/20 at 3:02 pm to
Posted by baldona
Florida
Member since Feb 2016
20661 posts
Posted on 4/16/20 at 3:02 pm to
My company isn’t going under. I’m fine personally. How do I know a new bank will do it right? No I wasn’t denied, I had everything absolutely in order, again I’m 100% owner between my wife and I and it’s small. Very clear losses on the books. Regions just never reviewed our app. My business is done at Regions, I wasn’t happy in the first place. But I’ve got a bunch of accounts I’ll have to move including some loans I’ll payoff. I don’t want to do anything drastic now for a couple days.

My point was more, I’m fairly convinced anyone small was mostly overlooked. Lot of people are going to be laid off now. What’s the countries next plan?
Posted by cgrand
HAMMOND
Member since Oct 2009
39261 posts
Posted on 4/16/20 at 3:09 pm to
quote:

I’m fairly convinced anyone small was mostly overlooked.

by particular banks, maybe.
my business is small by any measure, $5MM avg revenue. but we generate a lot of cash so my banking relationship is personal, down to we socialize together & do business together.

thats the difference in funding experiences
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