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We bank with Wells Fargo, who was of no help until after the PPP ran out. So we applied with 6 different banks, all small around the country. that didn't work.
by dusing 6y ago
We bank with Wells Fargo, who was of no help until after the PPP ran out.
So we applied with 6 different banks, all small around the country. that didn't work.
Found and applied to a very small bank in rural MN (where we are) and got a person on the phone finally. Submitted to SBA after 7 days, and then got a SBA loan number and approval on 4/14 (just before it ran out).
Now they said I won't be able to close on the loan and get the money until 4/24.
I don't even know what the takeaway is at this point.
- dba7dba 6y ago>> Now they said I won't be able to close on the loan and get the money until 4/24. Is they WellsFargo? WellsFargo said they won't be able to close the loan until 4/24?
- dusing 6y agoNo we got approved through the small bank. Wells Fargo has been uninvolved.
- xxpor 6y agoI have to ask, why does anyone use wells fargo any more?
- acwan93 6y agoApparently for us we take ACH payments from our customers and disburse payroll through our WF account we’ve had for over two decades. When I asked why continue banking with them after the scandal: “we did have fraudulent accounts opened but nothing was charged, so that wasn’t a big deal” Hopefully the lack of response from PPP from WF will finally convince my company to switch banks.