Have any investors had success with the PPP (Payroll Protection?)

[Jordan Meyer]

If so, what type of business do you run and what bank did you do it through? I've spent hours reading about this, and thought it might be easier if someone just shared their success stories on getting approved. 

[Jay Hinrichs]

Originally posted by @Joel Owens:

Somewhere it mentioned initial SBA funds are exhausted but businesses are still signing up for applications on banks portals. The banks portals are only staying open for a certain period of time and usually for existing customers only.

Just because you apply doesn't mean automatic approval. Analyst at banks still look at ability to repay if loan is not forgiven or business owner doesn't allocate as they say they would. 

I got mine approved and ONLY because my banker of almost 30 years who is a senior VP personally walked it through.. the bank took its top teir clients and pushed those through.. i feel sorry for anyone trying to do this with a big bank and on line..  he called me Easter Sunday as the whole bank staff was working that day because they knew the funds were going to dry up.. they got 3000 of them done..  Boy it pays to have private banking and not shop rates LOL.. service is more important that 50 bps.