This article, and the whole PPP program, showcases how local banks and even smaller regional banks and credit unions are so much better for many businesses than

This article, and the whole PPP program, showcases how local banks and even smaller regional banks and credit unions are so much better for many businesses than the bigs. I'm in Memphis, and it seems like everyone around me was approved, because we have a plethora of small banks and a very limited footprint of the Chase, Wells, BofA, USB, etc. It has become very apparent that a trusted banking relationship is worth its weight in gold when you need it most. Walking into a Wells Fargo branch and waiting in line to talk to a glorified customer service rep puts you at the back of the national PPP line. Any issues or incomplete data? Good luck. Walking into Small Town Bank and the CFO is as a few doors down the hall, they are equipped and prepared to serve. If you have issues, then you get a call from the someone at the top to work it out. Separately, its also important to point out that the same preferential treatment occurs with the small banks, its just the range of preferences is lower. Very small businesses with bad credit or those of limited value to the bank as a client probably get sent to the back of the line, further compounded, as noted below, that very small businesses' "book keeping" may be wishful thinking at best. (im not opposed to funds being withheld from businesses with poor records, its just going to be the reality of a lot of those old mom and pop shops. Yet another rabbit hole- cash heavy businesses that skirt the taxman with off-the-books pay, namely restaurants and bars, are reaping what they've sown.