Quote:
Originally Posted by SAUTO
yeah mine is saying if i am applying for the eidl then i cant apply for the ppp.
i think ill call somewhere else and ask
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Goddamn sure get it 100% right before you submit the app. I know nothing but if I were running the program a disaster payment better be more than 2.5x monthly payroll.
I’m guessing my banker is right because he told me to **** off with this EIDL shit do that online. I’m guessing it is any pre-existing SBA loan. But again make goddamn sure.
Quote:
Originally Posted by mililo4cpa
On the final application published by the Treasury, these are a specific qualifying questions answered by the borrower as part of the application
https://home.treasury.gov/system/fil...30-2020-v3.pdf
I think banks are real nervous due to high level of uncertainty. My original prognosis is that it will take 2 months to fund due to this uncertainty, and while I certainly could be wrong on this, as of today the banks are saying things that are (to me) obvious delay tactics.... |
My banker told me they get 5% as a fee. If it takes 2 months to get the money that’s a hell of a return.
The other thing is he hasn’t been approved as a provider or whatever yet. I’m guesssing the logjam stretches things out more than they are projecting.