All Forum Posts by: Jeffrey Allen

Any further news on this?  I thought the Corps was going to report this week.  

Thanks Everyone.

 Thank you.  Exactly what I was hoping to pick up from this question.  Any idea of a ballpark cost for the assignment filing?  I'm sure there is variance, I'm just trying to update my analyses.  I did not have that cost included.  

Ok, a really stupid question here to hopefully avoid a really stupid action.  

For the last several months I've been researching potential note purchases from the third party websites.  I've familiarized myself with the fee schedules from a couple of loan servicers that I could potentially use.  I am confident in my ability to understand the numbers and risk, but less confident in how to actually execute.  My question is, what actually happens between acquiring a note and getting it into the hands of the servicer?  Is it as simple as just receiving a set of documents that I then forward to a representative of the servicer?  Is there any other action that needs to happen in between?  Do I need to have the servicer aligned before I finalize the purchase?  

Any explanation or advice would be appreciated.  

My zip code disqualifies me from the grant, but I think I'll have to look into expanding the loan.  

Anyone else get the email today offering to expand the loan?  I thought the first round was vague.  Reply via email??!!

Finally got my email to establish an account and confirm identity this afternoon.  Site was very slow this evening, so I'm guessing I wasn't the only one.  $12,900 for me.  

Looks like EIDL opened back up today taking applications only for agriculture-related businesses.  Hopefully this doesn't extinguish the funding.  

Received that email at 9:47 (ET) last night.  

We (the church) are going to do the same.  In the transition, we're going to keep the PPP funds in the community bank and clearly pay eligible expenses from that account and ineligible from the current large bank account.  This should assist with record keeping, which is often not a strength of ours.  After that, we'll move all of our activity to the community bank.