Your Top PPP Questions, Answered by the SBA

Posted by:

Bill Airy

Lendio Denver
5 Questions answered
Answered on March 7th, 2021

Does anyone else in here realize the massive overlap in what LOOKS like a good thing? It's great to see solos have an "exclusive period" and even better they may now qualify for more PPP money, but the application to get this additional money wasn't released by the SBA until 8 days into the 14-day exclusive period. This leaves lenders with only 6 days to update their systems with the new application, the solo to apply, and the SBA to respond with an approval. In the end, these changes have caused massive delays, pushing applicants closer to the March 31 deadline and furthering their risk of not getting funded before 3/31.

1 Reply

That is my complaint also.
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