Quote:
Originally Posted by blake5676
I reached out to small business rep at my Bank of America down the street. Had a 1pm appointment that he cancelled bc he said they had a system wide conference call in regards to the stimulus. Told me he'd be back in touch with me tomorrow.
It wasn't terribly encouraging because I knew about 10 times more about the proposed details of the disaster loans and PPP than he did, but I guess we'll wait and see. I'd honestly rather do it through the bank where I do my personal business, but I figure verification of expenses would be easier if I applied through the bank that holds my business account.
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Honestly, I've not heard much today that wasn't already in process on Friday...I agree that even the bankers are a little perplexed today, and may take several days before the real answers start coming out. I'm starting to think funding will come much sooner than anticipated (my original estimate was 2 months), but I don't think it will be in the next week, and I wouldn't make recommendations to that effect.
In the meantime, my consultants were greeted this morning with the mass confusion of small business owners, so we're trying to keep them as informed as possible based on what we know....