Will PPP Lenders re-open next round of lending?

[AzCreditGuy]

1st round I got rejected and now seems all PPP lenders have closed portals. If and when the 2nd round is enacted, will PPP lenders be opening up again?

[Creditaddict]

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@AzCreditGuy wrote:

1st round I got rejected and now seems all PPP lenders have closed portals. If and when the 2nd round is enacted, will PPP lenders be opening up again?

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HUH? We are in 2nd round already... is that money gone? I found Square to be best option, not my bank.

EIDL for SBA disaster assistance loan is open and quick these days!

50% of the gross reported will be the loan offer.

[AzCreditGuy]

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@Creditaddict wrote:

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@AzCreditGuy wrote:

1st round I got rejected and now seems all PPP lenders have closed portals. If and when the 2nd round is enacted, will PPP lenders be opening up again?

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HUH? We are in 2nd round already... is that money gone? I found Square to be best option, not my bank.

EIDL for SBA disaster assistance loan is open and quick these days!

50% of the gross reported will be the loan offer.

2nd round from Congress to release more PPP ....I got a EIDL the on the 1st round.....But Id like to use the PPP to go towards the EIDL and my costs, a lot of the dumb banks I dealt with including a VP from B of A, had no clue how my S-Corp worked and rejected me for PPP. 

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[sccredit]

My understanding of the PPP being discussed is it would be a second round for businesses that had already received funds and could prove revenue loss of 50% or more. Obviously nothing is for sure until something actually passes.

[AzCreditGuy]

Any new inights?

[Creditaddict]

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@AzCreditGuy wrote:

Any new inights?

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The email from Square says on or before February 15

[jaxstraw]

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@Creditaddict wrote:

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@AzCreditGuy wrote:

Any new inights?

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The email from Square says on or before February 15

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Makes sense.

They are waiting until applicants have some sort of 2020 tax information to submit.

[sccredit]

The SBA/Treasury has 10 days to release guidelines and forms. From there banks have to get their ducks in a row.