It’s official! ✅
Very happy that Congress has just passed the Bill to extend #PPP application deadline beyond March 31 to May 31. Lenders can continue to fund until June 30th. 🙌🏼🇺🇸
There are still many SMBs to help!
Good/Bad/Ugly #PPP updates:
•We’ve submitted over 5,000 apps to lenders / SBA for approval, totaling $500M in volume.
Candidly, we really haven’t even started yet. Once we get the new hires dialed in & responding better to customers, the pace will increase dramatically.
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What do you do when you don’t know how to do something? Google it? Pray? I am so grateful for access to useful and insightful information. I also #givethanks that I can receive personal revelation in every aspect of my life through prayer.
The challenges that we face as fellow global citizens are immense, but our ability to feel hope and seek healing in Jesus Christ remains strong. Please join me for a special message of hope and healing on Nov. 20 at 11 a.m. MST.
https://t.co/iCb3pfiA8P
1/ Interesting report here about the fraud that has occurred with #PPP https://t.co/isGUDqF7pa.
It brings up an interesting debate on whether #ppploans <$150k should be auto-forgiven. IMO, the application should be as simple as possible, but it should still require documentation
You can know the mind and will of the Lord for your own life. You do not have to wonder if you are where the Lord needs you to be or if you are doing what He needs you to do. You can know! The Holy Ghost “will tell you all things what ye should do” (2 Nephi 32:3).
During the COVID19 pandemic, we’ve tweaked our mission from “Fueling the American Dream” to “SAVING the American Dream.” 🇺🇸
And the results of our efforts?
100,000 #ppploans, $8B funded, and 1.2M jobs saved.
Check out these amazing stories
(🔈 on!):
https://t.co/UmEdIHQUX4
1/ 4/14 #PPP Update: stoked to see the approval # accelerating.
•Today, we saw 4000 SMBs approved for $1B.
•In addition, we had 300 banks continuing to process their bank customers (estimated another $0.5B).
•So far, hired 170 new employees to try to keep up w/ demand...
1/ Wow. What a mess! Just got off a conf call with the SBA. The @SBAgov & @USTreasury are having a power struggle and this is turning into a disaster. Millions of small businesses will be lining up for loans tomorrow, yet those 2 organizations are fighting about process & forms.
1/ Unfortunately bc of COVID19, the demand for business loans has crippled @SBAgov. I have several extremely intelligent friends & colleagues @ SBA, but they have inherited outdated tech that is not equipped to handle the current situation... which has now turned into a disaster.