TLDR
There’s a backlog of big bank and fintech loan applications being collected. When the SBA opens the program after receiving additional funding, they will rip through that $240bn in days at most. This is your best strategy for next round if you’re a small business owner or get paid or pay most of your employees as 1099s. Reach back out to your current bank and apply to a few lenders that you feel the best about. Apply to a community bank/lender with $50 — $10bn in assets and $30bn set aside for institutions with $10 — $50bn.via the TL;DR App
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Written by lbilazarian | Helping people get PPP loans @ sevencommas.com. Former Teamable co-founder, VC @Saastr & HIVE.
