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Apr 8, 2020
4:15:41pm
g$ All-American
Your Bank controls production of the loan documents, and funding timeline
*EDIT* this was my understanding as of 6 am from a discussion with my bank, looks like that has been superseded by new SBA guidelines
If you have a good relationship with them, you should be able to have them slow play both of those steps for you.
I am not sure how SBA is going to define "soon" but a couple days to a couple weeks to produce and fund a loan seems within the normal range, I would think a couple week delay would fit the definition, but more than that might be pushing it, but I have already spoken to my bank about timing our funding to hit on a Monday to match my payroll week on the restart of our furloughed employees and they told me that they would try to accommodate that request as best they could.
This message has been modified
Originally posted on Apr 8, 2020 at 4:15:41pm
Message modified by g$ on Apr 8, 2020 at 4:45:34pm
g$
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g$
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