Yea, making it worse is NOW our local community bank who is supposed to be conduit from SBA $$$ to small businesses accounts, just sent 15 page friggin app of their own, most which is redundant, and almost like holding us back. So my office manager filled that in and sent to them, also sent to the SBA office where our SBA app was filed and accepted, and the SBA person said "what the heck is wrong with your bank" ! THEN an hour later, local bank calls us back, and then says they need us to create an Excel spreadsheet to a certain format for information which already is on our Fed tax forms filed, etc !!! Office manager went through the roof on that one !!!
Now seems, whatever the SBA already approved based on our SBA app over a week ago, now the local banks seems to muddle things as if to only allow us part of the amount so they make money and that is wrong !!! Why the hell could the US Treasury/SBA send direct to small business accounts which they already have tax documents filed for ??? Adding an Intermediary (local bank) muddles up things and our local bank (First Citizens Bank) Hickory, NC seems like they DO NOT want any local small business to grown or expand and lot of good old boy attitudes in this area still going on...
Then prior to 5:00pm yesterday local bank gets back to us, and says with their formula this is amount of SBA loan you qualify for : $10,600.00 !!!! What the hell can any small business do with such little funds??? Not enough to do anything except maybe (in our case) purchase additional plumbing/electrical stock. Can't build with that. Can't expand with that. Can't hire with that...???? These SBA disaster loans are supposed to be for all of the above, yet not enough money do do either with !!!???
