Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 61212 times)

Offline shapsam

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #90 on: April 19, 2020, 10:57:37 PM »
I applied for the EIDL grant about 2 weeks ago and just got a hard pull on Experian from the SBA. I did not apply for PPP btw.

Offline YossieW

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #91 on: April 19, 2020, 11:46:50 PM »
Update from Cross River Bank

https://www.crossriversba.com/

We are now accepting and reviewing new applications, with the goal of having them be ready for submission to SBA. In anticipation of increased demand, we have partnered with Kabbage to serve as many as possible.

We are also continuing to review existing applications, so that they will be ready for submission to SBA if the PPP Program resumes.

Offline jackofall

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #92 on: April 20, 2020, 12:36:33 AM »
Not sure what to think of CrossRiver. They obviously got some people approved, I wonder how many with no prior relationship. But they completely oversold themselves. They should have never opened themselves up to the public because they had no chance of processing even a  fraction of those applications and ppl relied on them.
I am retracting this. Apparently they did a lot better job than I first heard. Kudos to them.
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Offline ExGingi

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #93 on: April 20, 2020, 06:38:45 AM »

Click on tweet to Read thread.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Shua

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #94 on: April 20, 2020, 08:14:38 AM »


Click on tweet to Read thread.

Wow. Some Yeshivas did really well.

BMG: $5,899,593
Yeshiva Viznitz $1,198,248
Torah Voddas $459,637
Touro: $7,558,879
YU: $2,479,795

It's all on this website. Click on Allocations

https://www2.ed.gov/about/offices/list/ope/caresact.html

Offline ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
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Offline Shmobaum

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #96 on: April 20, 2020, 08:49:46 AM »
Wow. Some Yeshivas did really well.

BMG: $5,899,593
Yeshiva Viznitz $1,198,248
Torah Voddas $459,637
Touro: $7,558,879
YU: $2,479,795

It's all on this website. Click on Allocations

https://www2.ed.gov/about/offices/list/ope/caresact.html
Is this a loan or a grant??

Offline Shua

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #97 on: April 20, 2020, 09:16:39 AM »

Offline Yef

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #98 on: April 20, 2020, 12:05:09 PM »
Can you apply to more than one bank in the hope that the at least one will be accepted? Or will it cause problems?

Offline mgarfin

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #99 on: April 20, 2020, 12:06:44 PM »

Offline mgarfin

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #100 on: April 20, 2020, 12:07:33 PM »

This being said applying through Chase can be a big issue

Offline chff

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #102 on: April 20, 2020, 12:32:46 PM »
How does it make sense for the big banks to have limits equal to the small banks?
The thing with the hamster is that running on the wheel is actually what it is trying to do.

Offline S209

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #103 on: April 20, 2020, 02:16:04 PM »
Not sure if this has been posted before but this grant can be incredibly helpful for many here and has not been spoken about much
https://savesmallbusiness.com/
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Offline thebudgetdeals

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