05-12-2020, 12:37 PM
(05-01-2020, 05:06 PM)Snorlax94 Wrote: My business had its PPP loan application approved last night and was funded today.
I felt like the odds were stacked against us because we primarily use Chase Bank, and we're in California, and I read each of those was a strike against us. We did jump on the application as early as possible, if that helped, but we went through the normal website submission and never had any kind of personal attention.
I did inquire with the Stanford Federal Credit Union and was told they were not doing PPP loans.
Similar experience here. Chase business customer and SFCU personal customer. Submitted PPP application to Chase on 4/6. Rejected on 4/24 due to insufficient payroll documentation. Resubmitted same day. Approved April 30 and funded May 1. Very glad to have these funds in these uncertain times.
Geaux Cardinal!
