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jyfzbj

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I think this crisis period may end up being a defining moment for mankind - the last truly shared experience that changes our relationship to work.

(Throwaway account, YMMV) We applied on 4/8 and received our PPP on 4/15.

We have almost 40 employees and bank with Chase and Wells but we realized early on that the big money-center banks were a couple of steps behind are were going to be overwhelmed.

We started by looking at the full list of PPP banks and identifying the most tech-savvy of the bunch https://heavy.com/news/2020/04/apply-payroll-protection-prog...

Eventually after applying with a few we got furthest with by applying via Kabbage and SmartBizLoans. Our company had an existing relationship w/these lenders and they seem to be the most tech-conscious of the bunch.

Our application via SmartBizLoans was approved on 4/13 and the funds deposited on 4/15. SmartBizLoans acts as a broker to a number of smaller banks which might explain why they were quicker. AMA, glad to help.