Categories: Blog

Update on PPP Loan Program 4/10/2020

Things clearly aren’t going as smooth and quickly as we had all hoped.

I personally ended up going with my lender versus where my deposit accounts are. Not sure how that is going to work except I at least have a person that I can speak with.

Suffice it to say that nothing about this program is real clear. Here is what I think I know

  • I don’t think anyone has been funded yet.
  • Wells was out, but now appears to be back in.
  • Chase and many banks seem very very slow.
  • SBA guidance appears mushy.
  • Congress is trying to add more money to the pot but who knows if they can agree.

Hang in there and keep pushing

 

04/10/2020
By: Gary Grottke, CPA, Quality Back Office

hollie bourne

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