According to friends, the biggest problem with PPP was on the borrower side. One banker told me "If I had a complete app, I had everything done and with the SBA in 15 minutes. But that was a rarity." Rich got richer. Sophisticated got the benefit.
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Replying to @mgirdley
Not in our case. We submitted a complete app on the first day within hours. No questions or followup. Took 10 days to approve.
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Replying to @JoshuaBaer @mgirdley
I think that's what Girdley is saying though. You're sophisticated. Guys with pizza parlors or warehousing operations don't fill out forms too good.
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It was pretty drop dead simple, but I filled it out within a day (maybe 2?) and have heard nothin back. Now the fund is empty
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Replying to @AdamChudy @Molson_Hart and
To be more accurate, I heard back with an automated email to a website to upload documents and backup. I did that and haven’t heard back
2 replies 0 retweets 2 likes -
Nah
12:55 PM - 17 Apr 2020
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