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| Hi All,
I would imagine there are other producers in a similar position to me...
Round 1 -- First Draw: Calculated using Net Income. Received a less than maximum loan. Now eligible for loan increase to maximum loan.
Round 2 -- Second Draw: Eligible for max loan under new rules. Also meet 25% reduction criteria. Not yet applied.
Has ANYONE received a loan increase from their banker on their round 1-- first draw? If so what is the covered period for the loan increase amount?
I'm worried that once my banker finally figures out how to do a loan increase in the SBA system it will be too late to apply for round 2 -- second draw...
Hopefully someone else is in a similar situation-- I feel like there is no one out there with any answers.
Thanks,
Beefey | |
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Dicey PPP Position -- 1st Draw Increase and 2nd Draw
