Spoke too soon. Turns out we're one of the businesses not getting PPP funding since the SBA ran outta money. Neither is my wife who is a contractor. We'll be fine, but so many businesses are gonna be fucked by this if Congress doesn't refill the coffershttps://twitter.com/caseyames/status/1248088670222970881 …
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My relationship manager has been very helpful, but Chase as a whole really dropped the ball on this (as well as gov't). She said she had 86 clients apply and only 5 got funding. This will destroy small businesses in America.
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Replying to @caseyames
Situation is not helped by how many people who applied but did not need to.
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Replying to @Molson_Hart @caseyames
Everyone I know was advocating applying for this and the EIDL loan thing with the $10k grant, regardless of their needs. My feeling was always that that was a bad business decision and also kinda whack.
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Replying to @Molson_Hart
Ya. That's true. To be honest, I was advocating that, since it's hard to know what the rest of the year looks like. We're having some of our best months ever right now, but what if this recession gets worse over summer, which is already our seasonal low.
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Replying to @caseyames
That's fair, we really don't know what's coming down the pipe. You may find not getting those loans to be a blessing in disguise, as well. Very uncertain times.
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Replying to @Molson_Hart
Not getting a $30k forgivable loan might be a blessing in disguise?
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Yeah, I think so. Good potential for this to be a massive headache and scandal.
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