hurt by the measures that have been taken to stem the spread of COVID-19. Since the program started, Morrow and other small business owers are anxiously awaiting notice from their lenders about loan approvals and are eager to see the much-needed lifelines show up in their bank accounts.
"They told us, 'you have been approved by the SBA and we will be funding a separate account that you can draw from just as soon as the SBA gives us guidance on if they need us to have you sign anything before distributing funds,' " Duff said. "That seems to be the last step and what's holding things up to get the money."
Fountainhead founder and CEO Chris Hurn said last week that SBA had not provided adequate guidance needed to service the lender's "tremendous" queue of small businesses seeking loans and warned that most of their company's businesses "will be dissatisfied with the speed of the process." SBA Administrator Jovita Carranza tweeted about a local business in North Carolina that had received funding from its lender, but broader details about the total amount of funds lent to businesses were not made available, despite multiple requests.
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We have WellsFargo as our bank and they shut down their PPP website on Saturday under the cover of darkness after less than one day after launching ... No other bank will speak with us unless we are a customer of theirs.
Lol. Easy reminmetweets......
How many are going to fold and never come bacK?
Joe come on.🙄
Is China back to normal? Had their stock market oversold like ours? China is also giving investors hope.
Sverige Senaste nytt, Sverige Rubriker
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Fed Preparing to Purchase New Small Business Payroll LoansThe Federal Reserve said it would launch a new program to buy loans that financial firms make through the government’s emergency small-business lending program, according to people familiar with the matter NeverTrumpers GregMannarino
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