Anyone get their ppp loan yet...?

Nothing but crickets here in AZ.

 

Yesterday around 3:30pm

Applied the Friday before. Although I don’t think it was actually submitted until Monday of this week.

Bank deposited into a new account we had setup.

Still didn’t hear anything from EIDL but I think it gets rolled into the PPP as an extra 10k forgiven since I have more then 10 employees.

 

I bank with B of A, and there is no one that I can call and talk to.
One of my customers banks at a small AZ bank, and he says he already received his loan. He has about 20 employees, and says that his loan is big enough to pay his employees for a couple months.

 

Yeah similar here. I was blown away it hit my account yesterday. Ours is a small bank as well that was very attentive and works with a 3rd party to finalize and do the actual submission.

 

Yes, funds hit the bank on Thursday

 

I put my application in through paypal the day before the funds ran out the first round. My loan proceeds are in my account this morning.

 

If you're a single owner operator with own authority, you should file for PUA ( Pandemic Unemployment Assistance) its specifically designed for self employed folks, you're basically gonna collect the same amount weekly compared to ppp where u get ur approved loan at once, the PUA will open up sometime in mid May and you could claim going all the way back to end of March.

If you get the ppp, make sure u keep track of your bank statement, fuel receipts and any documentation showing how you spent the loan in order for all or some of it to be forgiven.

I applied for ppp as early as early April and haven't gotten any response, so I threw in the towel and will file for the PUA when it becomes available.

 

I say spit on it, and ram it through a 2nd time. Maybe you’ll score.

It’s helpful to have a bank that knows exactly what the gov wants so there is no holdup or rejection where you find out 6 months later or something.

 

I got mine. I use a small bank here in AZ, that makes a huge difference. My banker called at 7pm on Saturday with a clarification. Then once loan was approved by SBA, she called me from home at 630 in the morning to tell me to watch for closing docs as loan had been approved in the middle of the night. They emailed docs later in the day, I e-signed and money was in my account in 10 minutes. Enough to pay 11 employees and shop utilities for 2 months.