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Posted on 4/9/20 at 8:39 pm to eyepooted
I’m having issues with Capital One and a PPP loan. They will not accept my application and I have two business counts with them. Does anyone know of any other banks accepting applications from non customers? Same issue with Investar and Farmers-Merchants. Thx
Posted on 4/9/20 at 9:00 pm to tigeryat
I may have a lead for you. I’ll have more info tomorrow.
Posted on 4/9/20 at 9:11 pm to VABuckeye
Chris at Cardinal capital has been great, has solid answers, he knows SBA
Posted on 4/9/20 at 9:32 pm to VABuckeye
Thank you
Posted on 4/10/20 at 7:59 am to tigeryat
This post was edited on 4/10/20 at 3:16 pm
Posted on 4/10/20 at 12:31 pm to VABuckeye
If your an independent contractor but don’t have a “business account” with chase bank then you can apply for the PPP with them. It will only allow you to pull it up with a “business account”. I can’t be the only independent contractor that gets paid directly into my personal account.
This post was edited on 4/12/20 at 5:54 pm
Posted on 4/10/20 at 1:05 pm to SaintNation
If you'd like shoot me an email and I'll put you in touch with my guy.
The big banks seem to be taking care of the big clients.
The big banks seem to be taking care of the big clients.
Posted on 4/11/20 at 8:07 am to VABuckeye
I just got my ppp loan number! Local bank, S’port.
Posted on 4/11/20 at 8:56 am to 24nights
Nice,
Good for you. I still can’t even apply bc My 1099/ monthly paycheck goes into a personal bank account. Chase bank can’t even give me any answer.
Good for you. I still can’t even apply bc My 1099/ monthly paycheck goes into a personal bank account. Chase bank can’t even give me any answer.
Posted on 4/11/20 at 2:27 pm to SaintNation
quote:
It will only allow you to pull it up with a “business account”. I can’t be the only independent contractor that gets paid directly into my personal account.
Set up a business account. You really should have it that way.
Posted on 4/12/20 at 2:02 pm to Sho Nuff
Is there any bank that anyone knows that will allow me to put in an application for a PP loan even though you don’t have a relationship with them? Thank you
Posted on 4/12/20 at 2:22 pm to SaintNation
Send me an email at bill@ccillcva.com and I'll put you in touch with what you're looking for.
Posted on 4/12/20 at 4:45 pm to VABuckeye
(no message)
This post was edited on 4/13/20 at 12:56 pm
Posted on 4/12/20 at 5:38 pm to SaintNation
Replied 4 minutes after your ?? post.
Posted on 4/13/20 at 12:34 pm to VABuckeye
My local business journal just put this out, wondering how true it is
Economic Injury Disaster Loans (EIDL) will be rationed to $15,000 per applicant, according to the US Chamber of Commerce.
Economic Injury Disaster Loans (EIDL) will be rationed to $15,000 per applicant, according to the US Chamber of Commerce.
Posted on 4/13/20 at 12:55 pm to VABuckeye
Got it thank you
Posted on 4/13/20 at 2:59 pm to Penn
quote:
Economic Injury Disaster Loans (EIDL) will be rationed to $15,000 per applicant, according to the US Chamber of Commerce.
I heard rumors of this several days ago but wasn’t able to confirm. So much misinformation floating around that the only thing I’m sure of is that this is a cluster.
Posted on 4/13/20 at 3:11 pm to cmlsu
I'll bet that $15000 loan is on top of the grant. It would make sense because a loan under $25K requires no collateral and no personal guarantee. I'm thinking that they're going to do what they're doing with the PPP loans and rubber stamp them. Gut feeling only because fully underwriting the number of EIDL loans in-house for the SBA that they are going to receive is going to be a monumental effort and will take forever.
Posted on 4/13/20 at 3:23 pm to VABuckeye
Just got off the phone with my uncle who has been a CPA for many years talking about just this.
The shear # of loan applications is mind boggling.
I still haven't been funded for my PPP and I'm perfectly good with a $25K EIDL, forgiven or not.
The shear # of loan applications is mind boggling.
I still haven't been funded for my PPP and I'm perfectly good with a $25K EIDL, forgiven or not.
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