It appears that the SBA is not entirely prepared for the influx of applications for the PPP. At this point this morning, approximately 10% of applications have been approved by the SBA but banks are not clear about the SBA's requirements, so they are moving slowly as well.
I knew there would be hurdles involved in this and before any of us starts bashing the SBA, just think about how big, not to mention how IMMEDIATE, this undertaking is.
As Americans, we know what adversity is and how to be resilient...hang in there, keep working and pushing forward...this will end and these loans will come through. As Jocko Wilink says in his book Extreme Ownership..."adapt and execute." Take one issue at a time, work through the possible solutions, choose one and run with it...don't second guess yourself.
In the mean time, if you have not submitted your PPP application, register here with us at Finance Agents and we will set up a call to go through your options and help you with the process.
Hoping you are well...and WASHING your hands frequently!
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