Then you had Schumer….
“And the $60 billion for the disaster loan was our proposal, and now the administration is going along with that.” – Chuck Schumer
Which has resulted in apparently…..
$310 billion for PPP 7(a)
$60 billion for EIDL 7(b)
$75 billion for hospitals
$25 billion to expand testing for the virus nationwide
$60 billion that Democrats wanted to set aside for businesses that have struggled to get loans from banks, such as those in rural areas or that are owned by minorities.
Source: WSJ
We’re helping our clients apply at MULTIPLE lending institutions.
You have to be careful.
If you’re relying on…
Bank of America
Chase
Wells Fargo
Citi
And others, be careful!
There’s talk of a “cap per bank” which means you’ll need to PIVOT.
Disclaimer: The bill has recently passed and we are learning more every single hour about how this bill will be implemented and the interpretations of each component. For the most up to date information and FREE Analysis based on your situation
