ARTICLE
Here at the RSA, we have been closely working with each of you to learn some of ways you're receiving your loans. We've been hearing talk from the US Chamber of Commerce that fintech (financial technology companies) have been very successful for small businesses trying to receive PPP loans. This morning, we received the following letter that we wanted to share with you. This is one of the fastest turn around times that we have yet seen (less than 24 hours from time of application to money in the bank) and highly encourage those of you who haven't applied for PPP loan yet do so today. Hi Jim, I spoke to you this afternoon after webinar about my app for PPP. We're just a small rink in Moore, OK, however I've been in rink business and coaching since the 60's. JPMorgan Chase couldn't get it done since the first of April. I mentioned to you that Square was accepting applications, took a chance and applied with them at 5:00pm this evening. I received the confirmation at 5:08, Verified at 5:29, and amazingly at 8:50pm I was approved, with funds to be deposited next business day. Please let others know how quickly Square worked for me. Now I'm waiting on SBA to contact me to fund the EIDL loan. Things finally looking up! Chase emailed at 7:16 pm to tell me that they sent it to SBA and would notify me as soon as SBA notifies them. (something is wrong with the big banks.) Enjoyed webinar today and can hardly wait for the "Plan" you put together. Looks like Oklahoma can reopen May 15, as long as Covid19 doesn't get worse here. Thank You for the positive ideas and help from our RSA association. Janet Hardridge Skate Moore LLC
Here at the RSA, we have been closely working with each of you to learn some of ways you're receiving your loans. We've been hearing talk from the US Chamber of Commerce that fintech (financial technology companies) have been very successful for small businesses trying to receive PPP loans. This morning, we received the following letter that we wanted to share with you. This is one of the fastest turn around times that we have yet seen (less than 24 hours from time of application to money in the bank) and highly encourage those of you who haven't applied for PPP loan yet do so today.
Hi Jim,
I spoke to you this afternoon after webinar about my app for PPP. We're just a small rink in Moore, OK, however I've been in rink business and coaching since the 60's.
JPMorgan Chase couldn't get it done since the first of April. I mentioned to you that Square was accepting applications, took a chance and applied with them at 5:00pm this evening. I received the confirmation at 5:08, Verified at 5:29, and amazingly at 8:50pm I was approved, with funds to be deposited next business day. Please let others know how quickly Square worked for me. Now I'm waiting on SBA to contact me to fund the EIDL loan. Things finally looking up!
Chase emailed at 7:16 pm to tell me that they sent it to SBA and would notify me as soon as SBA notifies them. (something is wrong with the big banks.)
Enjoyed webinar today and can hardly wait for the "Plan" you put together. Looks like Oklahoma can reopen May 15, as long as Covid19 doesn't get worse here. Thank You for the positive ideas and help from our RSA association.
Janet Hardridge
Skate Moore LLC