PPP loans

[soonermajic]

So, called banker today. He said not doing them anymore. Bank has to now be CDFI certified...??
Anyone have a clue what's going on? Said they stopped doing them in Feb.
My other banker claims SBA stopped doing them as well.

Anyone know WTH is goin on?

 

[Waxman]

found this: https://www.merchantmaverick.com/banks-accepting-ppp-applications/

 

[Kramerwv]

Funding ran out today for regular banks per SBA

CDFIs - Complete List - Google Drive

docs.google.com

 

[Greg Pack]

I was actually in the process of getting one. I started the process last week and had trouble with the banker's lending portal. We've been playing "lemme see if I can get this problem fixed" for several days. I would try again with no luck. Found out yesterday they ran out of funding while I was screwing around with the lending portal. 20K in funding up in smoke. Guess I should have started the process earlier.

 

[soonermajic]

I was actually in the process of getting one. I started the process last week and had trouble with the banker's lending portal. We've been playing "lemme see if I can get this problem fixed" for several days. I would try again with no luck. Found out yesterday they ran out of funding while I was screwing around with the lending portal. 20K in funding up in smoke. Guess I should have started the process earlier.

Yep. Total BS.