Started By
Message

re: Didn’t get PPP, what now?

Posted on 4/16/20 at 4:05 pm to
Posted by BLM
ATL
Member since Oct 2011
757 posts
Posted on 4/16/20 at 4:05 pm to
We’ll do $15mm in revenue this yr and have 32 employees in total between salary and hourly folks. Our process with Synovous over here in ATL was pretty great. Our banker was telling us what a nightmare they were experiencing with companies just sending them all kinds of information that was irrelevant to the application process. I can only imagine. Luckily, we have a strong controller who did a great job pulling everything together. It absolutely helped us but we’re also lucky our bank seemingly had its stuff together. I’ve been frustrated with them for a while due to a real estate purchase they drug out but now I’m glad we waited to flip our business. Will probably just initiate a new relationship for real estate deals and keep our business banking with Synovous. Having multiple relationships is a good thing and will help us use them as a tool.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
36032 posts
Posted on 4/16/20 at 4:13 pm to
You’re right. Proper documentation was key. Banks didn’t have time to back and forth with people who couldn’t read or get their documentation together. I know this didn’t apply to everyone but it did for many businesses.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram