For those filing for PPP loans under the CARES act, make sure you have your application in by Monday the 6th. In addition, make sure your bank files immediately via e-trans thru SBA. Filing thru e-trans holds the funds for your company until the documents are signed. You can apply thru multiple banks but as soon as one files for e-trans it holds the funds so you should withdraw applications from other banks with confirmation of e-trans submission. These funds will run out quick as demands are high and the program is probably underfunded.
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Brian Iriye
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