04/10/20 – Loans are being processed or at least so we are told by our contact at Bank United.
We filed applications for our company as well as for many of our clients. In many cases we filed for our clients on their banks on line systems or by providing them with the documents and other information to provide their bankers.
To date none of the loans that we or our clients have filed for have been funded, but we recently received acknowledgment from our long time bank officer that applications were now being processed, but that they had so many applications that it would take some time for them to get to all of them.
While we can’t say just when funding will arrive what we can say is that at least it seems like the banks and the SBA have worked out the process. We will update you as we get additional information and please let us know if and when you get funded if you have submitted an application for one of these loans.