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Started By
Message
re: SBA and PPP
Posted on 4/3/20 at 5:52 pm to NOSHAU
Posted on 4/3/20 at 5:52 pm to NOSHAU
quote:
Been trying all day. The frustrating part is that it has kicked me out twice and neither time did it save anything I put in. So, I had to start over from the beginning only for it all to be lost again. Frustrating.
I'm in the exact same place with Regions. Now there's no link available on their website to access the application "due to high volume."
This post was edited on 4/3/20 at 5:54 pm
1
Posted on 4/3/20 at 6:26 pm to I B Freeman
That's the truth
Cap One been stringing their business banking customers along ... so far basically nothing
Cap One been stringing their business banking customers along ... so far basically nothing
Posted on 4/3/20 at 9:30 pm to Murray
I’m well aware and have said from the start to not include 1099s...but as if often the case with local banks and relationships with them, they’ll let you juice it. What they approve you for and what’s forgiven at the end seem to be two different matters
Posted on 4/3/20 at 9:42 pm to Shankopotomus
I really wish they’d come out and issue some type of statement about continuing to fund this because people will start to panic soon.
Posted on 4/3/20 at 9:48 pm to BilJ
quote:
I’m well aware and have said from the start to not include 1099s...
Relax Bilj. I wasn’t correcting you. I was just positing my thoughts on why your buddy’s banker was saying that.
Posted on 4/3/20 at 11:14 pm to NOSHAU
Finally got through with Regions. Was able to upload all documentation as well. Hopefully all goes well from here.
Posted on 4/4/20 at 1:56 am to medtiger
When you applied with Regions (and for anyone else who has successfully applied), Did you add money to total loan value past 2.5 x's Payroll to cover stuff like rent, utilities, and mortgage?
On application it says average monthly payroll with a box, then x2.5+EIDL Net of Advance with a blank box next to it for total loan value. It looks on paper like I should just do my payroll x's 2.5, but I know other factors listed above are included. Thinking of trying it online but don't want to mess that part up. TIA
On application it says average monthly payroll with a box, then x2.5+EIDL Net of Advance with a blank box next to it for total loan value. It looks on paper like I should just do my payroll x's 2.5, but I know other factors listed above are included. Thinking of trying it online but don't want to mess that part up. TIA
Posted on 4/4/20 at 6:57 am to GravelLotinCanada
I may be wrong but my understanding is it’s 2.5x your avg monthly payroll, 200% for payroll and 50% for the other items. You can’t get more than 250% so if your other expenses add up to under 50% you are good if they add up over 50% it doesn’t matter that’s all you’ll get.
I may be wrong though.
I may be wrong though.
Posted on 4/4/20 at 7:03 am to CajunInFL
Does anyone think Chase will work through the weekend? I’m waiting for their call back
Posted on 4/4/20 at 7:45 am to AndyJ
I have no hope of them calling on the weekend, didnt even get a confirmation email that the we signed up to be contacted.
Posted on 4/4/20 at 7:50 am to McNeeseLSU
Same
Posted on 4/4/20 at 7:57 am to AndyJ
I bet they call a select few of their friends...I mean long standing loyal customers like you and I. :fatchance:
Posted on 4/4/20 at 8:07 am to BilJ
We bank with Synovous over here in Atlanta. Was getting nervous yesterday but they finally opened up for applications late evening. What a shite show.
Posted on 4/4/20 at 8:41 am to McNeeseLSU
Yeah the lack of confirmation email was annoying
Posted on 4/4/20 at 9:14 am to AndyJ
Gulf Coast Bank seems to have dropped the ball on this one.
We use them and Whitney. I had planned on going with Gulf Coast but because I like my banker there better, but Whitney is already processing applications and Gulf Coast is not.
I expect they will take a hit when the money runs out while Guy Williams is still trying to figure out how to make money off these loans.
We use them and Whitney. I had planned on going with Gulf Coast but because I like my banker there better, but Whitney is already processing applications and Gulf Coast is not.
I expect they will take a hit when the money runs out while Guy Williams is still trying to figure out how to make money off these loans.
Posted on 4/4/20 at 9:48 am to medtiger
Can someone provide clarification?
I applied on this link LINK when it came out and I thought this was the $10,000 grant. Is this also the loan?
I am not eligible for the PPP loan but want to submit for the EIDL.
Is this link the $10,000 grant AND the loan application?
I applied on this link LINK when it came out and I thought this was the $10,000 grant. Is this also the loan?
I am not eligible for the PPP loan but want to submit for the EIDL.
Is this link the $10,000 grant AND the loan application?
Posted on 4/4/20 at 9:54 am to I Love Bama
That application is for the EIDL loan as well as the $10,000 grant. Complete that to get in line for the EIDL loan and receive your $10k cash advance. Save the confirmation number at the end.
Posted on 4/4/20 at 11:10 am to SippyCup
quote:
Gulf Coast Bank seems to have dropped the ball on this one.
Yep. They apparently had a 2pm conference call yesterday. But no update from them on the results/status of the call.
Posted on 4/4/20 at 11:14 am to Golfer
quote:
Gulf Coast Bank seems to have dropped the ball on this one.
Yep. They apparently had a 2pm conference call yesterday. But no update from them on the results/status of the call.
I am getting emails from our banker at GCB this morning. They definitely dropped the ball on this.
Posted on 4/4/20 at 12:09 pm to medtiger
quote:Same and around same time as you, a little after 11. Did not like the upload process as there was no "save" button or confirmation all info was received. Fingers crossed.
Finally got through with Regions. Was able to upload all documentation as well. Hopefully all goes well from here.
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