Covid-19 Shelter in Place: Paypal stopped my repayment drafts!
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  1. #24
    Senior Member Reputation points: 30747
    Join Date
    Aug 2016
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    486

    Update...

    I had originally attempted to file for PPP via Bank of America and was told that since I did not have any credit product from them, I was not eligible. BofA received a lot of blow back for that stance, and within a few days they changed that requirement. So on 04-06-2020 (post #12), I started the PPP application process with Bank Of America.. Since then, they have been very persistent in contacting me every few days, asking me to submit the required docs... Tuesday (early am) 5/5/2020 I finally pulled together all the stuff they had been asking me for and submitted it via there "Intralinks" web portal. I think it was about 2am in the morning when I uploaded everything. The same day 13 hours later, they contact me and said I was approved, and sent me a promissory note for $20K. The next step was for me to sign a few final documents (digitally of course).

    Wow! I can't believe how simple that was! A complete 180 degree change from when I had 1st contacted them and they said I was ineligible to even process a PPP application through them.

    I am actually stunned that they came through!
    Last edited by Winning; 05-06-2020 at 09:18 AM.

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