FYI there are several pending class action lawsuits for small business owners who the big banks ignored in order to process applications for larger loans first. You should look into that.
For some reason we got denied. Just trying to see if anyone was successful in getting the loan.
FYI there are several pending class action lawsuits for small business owners who the big banks ignored in order to process applications for larger loans first. You should look into that.
Appreciate it
How soon did you apply? Next time it opens apply immediately. And read these links to better prepare.
https://smartasset.com/insights/ppp-loan-lenders
https://www.sba.gov/funding-programs...ection-program
I think in Apr-May. Thanks.
Next time
Yeah trill it's your fault you got ed by big bank prioritizing big business. Next time have more money
My manufacturing business got the loan because we applied for it the second it was available. The funds dried up quick! We got around 120K.
Some well off larger businesses that i know of got A LOT more cash (million+) than we did but they were in an industry that wasn't really effected by the virus (construction). Something is wrong with that for sure...
Last edited by SpurSpike; 09-30-2020 at 01:01 PM.
We got $250k since my wife is self employed with no employees. Invested it,sold for a nice profit, then paid back the $250k. It was a sweet deal. Did the paperwork the day the ppp funds became available and the bank didn't know wtf was going on so that probably helped.
I have a couple friends that got it but they own construction companies with between 75-400 people. They got over a million each but wouldn’t tell me exact.
Yep, I just commented regarding this as well. Construction companies cleaned the up.
Yes. I haven't applied for forgiveness though.
There was still 130 million left when they closed it. They didn't run out of money. You must have ed up the application somehow if you were denied.
134 billion.
I have some family members that are self employed. Some of them got the PPP loans while others didn't. It was really hit or miss with them.
The application process was a . Just confusing as and the forgiveness is just as bad.
Nah...I think we were denied because we're black tbh.
Did same
The application didn't have a race blank.
Wow we dodged a bullet
Trill
I just emptied the church coffers for my Covid loan, reinvested it very poorly, and lost it all.
Easy come, easy go.
Bless this great United country for giving US so many ways to make money.
Cool thing is I can claim it as a loss so I’ll make it up on my tax return.
God Bless
Let us all kiss the flag.
Was this your issue?
https://www.cnbc.com/2020/10/16/trea...g-clients.html
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