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Posted on 4/22/20 at 6:01 pm to Paul Allen
quote:
the U.S. government has allocated at least $243.4 million of the total $349 billion
Bruh you should be ashamed of yourself
Posted on 4/22/20 at 7:01 pm to Paul Allen
Nevermind, I didn't read far enough into the thread.
Carry on.
Carry on.
This post was edited on 4/22/20 at 7:08 pm
Posted on 4/22/20 at 11:07 pm to GravelLotinCanada
quote:
I applied with two new banks this go round bc last time I was in complete dark (TYFY Chase). Both have had good communication and one sent me multiple emails to clarify things so they are def working on it. Can't ask for much more than that. And the other also answered my call first time and walked me through issues with their online protal. So there are def banks working on them. Have no idea if I'll get it but at least this time I have human contact and feel like things are moving. One required me to move my business banking there after loan so a great incentive for them. And I have no problem leaving Chase after this so hopefully it works out. Good luck everyone don't give up keep calling. Squeaky wheel gets the grease...
Same position I am in now. I feel like I’m just throwing darts waiting for one to stick, but at least I have actual human contact through email now instead of automatically generated non personal emails or just silence altogether which at least, makes me feel a million times better.
Posted on 4/23/20 at 7:27 am to VABuckeye
quote:
Would you want to do the paperwork on one $10 million dollar loan to get it forgiven and reimbursed by the SBA or two hundred $50000 loans?
Well, from a few income perspective, the bank will get $100,000 for processing the 10 million dollar loan (1.00% fee) and $500,000 for processing the two hundred 50 thousand dollar loans (5.00% fee). With DocuSign and loan automation processes, I know which one I would choose.
Posted on 4/23/20 at 7:46 am to Tigerhacker
I understand that but the banks also have to do their due diligence for the forgiveness part of the loans. That will not be an automated process.
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