04/08/2020
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Hello Folks.
We have an update on the Paycheck Protection Program to share.
Unfortunately, SBA has encountered a "bottleneck" with the approved amount of funds available and how it will get disbursed. Approximately 10% of the $350 billion has been approved as of today, but there is still much confusion and let's just call it "Chaos" as they try to figure out this plan and how it will work exactly. Just today, the treasury is working on approving another $200 billion, and more lenders should be accepting applications by the end of this week.
If you have completed an application on the https://www.Gro.Capital website, your information is stored securely in our highly compliant AWS servers, and will forward your information to our lending partners as soon as they are accepting applications.
However, I would suggest applying for the loan online through your institutional bank if they are currently accepting the PPP applications so you are assured your money. (There are many small businesses seeking capital at this time, and very limited funds.)
- Bank of America
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https://gro.capital