Missed Out on an SBA Loan? Read This!
For those of you who missed out on the first allocation under the SBA Loan Program (PPP & EIDL):
Congress approved another $320B and the SBA began approving new loans yesterday. Many of you are sitting on the outside looking in, as you are banking with large banks that have massive backlogs of applications. If this is the case, then please consider the update I just got from Deuce over at RECESS (Quake LA, Cohort #1).
They got connected to a regional banker in IL. Their application was reviewed and approved in one day. It was submitted to the SBA portal yesterday and they received final approval. They've been waiting to hear from their main bank (Chase) since missing out on the first allocation a few weeks ago.
Deuce indicates that the banker told him that they have PPP allocation left and that portfolio companies can reach out to them. Here is his contact info - just be sure to let him know that Deuce Thevenow from RECESS referred you:
Contact Travis Clem at tclem@southportebank.com
Congress approved another $320B and the SBA began approving new loans yesterday. Many of you are sitting on the outside looking in, as you are banking with large banks that have massive backlogs of applications. If this is the case, then please consider the update I just got from Deuce over at RECESS (Quake LA, Cohort #1).
They got connected to a regional banker in IL. Their application was reviewed and approved in one day. It was submitted to the SBA portal yesterday and they received final approval. They've been waiting to hear from their main bank (Chase) since missing out on the first allocation a few weeks ago.
Deuce indicates that the banker told him that they have PPP allocation left and that portfolio companies can reach out to them. Here is his contact info - just be sure to let him know that Deuce Thevenow from RECESS referred you:
Contact Travis Clem at tclem@southportebank.com