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Though getting a loan through a big bank was neigh impossible. My fiancée's company banks with Wells Fargo and they didn't even get the application (after appl
by dariusj18 6y ago
Though getting a loan through a big bank was neigh impossible. My fiancée's company banks with Wells Fargo and they didn't even get the application (after applying to get an application) until the first round of funds were gone. Thankfully they then applied with several smaller banks and was able to get one from with the new funding.
- latortuga 6y agoI think that unfortunately this heavily depended on your bank. Wells Fargo really dropped the ball, but Bank of America was one of the first banks to accept applications and therefore disburse money. We used a regional bank whom we had an existing relationship with and it went pretty smoothly, better than if we had tried with WF.
- icelancer 6y ago>> Wells Fargo really dropped the ball This implies that they screwed up and they might deserve forgiveness. They had no intention of lending PPP funds except for large preferred accounts they wanted to help.