MD and SBA Relief Grants

[stgislander]

I think we need a new category of small businesses called micro businesses.

AP: Publicly traded firms get $365M in small-business loans

Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an

apnews.com

 

[Gilligan]

The manager at Suntrust has ignored repeated emails from me now, for going on a week straight. What a coward.

 

[stgislander]

The manager at Suntrust has ignored repeated emails from me now, for going on a week straight. What a coward.

My wife is ready for you to turn her loose.

 

[stgislander]

I saw onthe Fox5DC banner last night that Ruth's Chris decided to give their $20M PPP loan back to the government.

 

[Gilligan]

I saw onthe Fox5DC banner last night that Ruth's Chris decided to give their $20M PPP loan back to the government.

I saw an article somewhere this morning saying the government is demanding the return of PPP loans that were received by any publicly traded companies.

I sent an email to Truist this morning, letting them know their California Suntrust branch sucks eggs. We'll see what kind of replay I get.

 

[jazz lady]

We'll see what kind of replay I get.

I'm sure it won't be instant.

 

[stgislander]

I saw an article somewhere this morning saying the government is demanding the return of PPP loans that were received by any publicly traded companies.

I would think the restaurant lobby will take a short term hit since they pushed the change that allowed the big chains to collect. Probably a lot of telephone calls on Capital Hill not being returned.

 

[Gilligan]

I'm sure it won't be instant.

Jeez...do you ever take a brake?

 

[jazz lady]

Jeez...do you ever take a brake?

You threw the gauntlet down to ME this morning.

 

[stgislander]

You threw the gauntlet down to ME this morning.

After all this time he still hasn't learned.

 

[jazz lady]

After all this time he still hasn't learned.

I'd say he's a s-l-o-w learner, but he in fact NEVER learns.

 

[Gilligan]

 

[Hank]

The manager at Suntrust has ignored repeated emails from me now, for going on a week straight. What a coward.

Some are having better luck dealing with localized banks... You should try applying outside of your own bank if it becomes available again.

 

[Gilligan]

Some are having better luck dealing with localized banks... You should try applying outside of your own bank if it becomes available again.

I have not seen where any banks are processing PPP loans for other than existing customers. One thing is certain..we will be changing banks soon.

The only business I know of that received a PPP loan has their accounts at a small local bank. On the flip side though, with almost all of our business being from outside the country, I’m concerned how well a small community bank could handle international Letters of Credit, wire transfers etc.

 

[stgislander]

On the flip side though, with almost all of our business being from outside the country, I’m concerned how well a small community bank could handle international Letters of Credit, wire transfers etc.

Crap... didn't think about that.

 

[Gilligan]

Crap... didn't think about that.

That's why I get paid the big bucks.

 

[Hank]

I have not seen where any banks are processing PPP loans for other than existing customers. One thing is certain..we will be changing banks soon.

The only business I know of that received a PPP loan has their accounts at a small local bank. On the flip side though, with almost all of our business being from outside the country, I’m concerned how well a small community bank could handle international Letters of Credit, wire transfers etc.

It is available through other lenders. You don't have to use your bank.

 

[Gilligan]

It is available through other lenders. You don't have to use your bank.

Actually...Paypal is a possibility, believe it or not. Just learned that the other day. But otherwise, no..there is not a single bank down here in St. Mary's that I'm aware of that will process the PPP app for non-customers. If you know of one...please advise. Thanks.

 

[Hank]

Actually...Paypal is a possibility, believe it or not. Just learned that the other day. But otherwise, no..there is not a single bank down here in St. Mary's that I'm aware of that will process the PPP app for non-customers. If you know of one...please advise. Thanks.

Not sure about St. Mary's, but my accountant and my good friend who is a business accountant both recommended doing so, if I was to apply, since I bank with the vultures at Wells Fargo.

 

[Gilligan]

Not sure about St. Mary's, but my accountant and my good friend who is a business accountant both recommended doing so, if I was to apply, since I bank with the vultures at Wells Fargo.

Not planning on traveling bank to bank north of here, canvassing every one. None are accepting apps from non customers