We saw thousands of small business owners we know & love get shut-out of the first round of funding for three main reasons we are here trying to help you protect yourself from:
- PREFERENTIAL TREATMENT: Big banks gave preferential treatment to their best customers. We can’t say we really blame them for this. We all give preferential treatment to our best customers & clients…don’t we?But the fact remains, unless your small business was going to be applying for more than one million dollars of funding, chances are the big banks told you “get to the back of the line”.Well, those of us “at the back of the line” better get ready because we think the doors are going to open-up again, soon.
- TONS OF CONFUSION!: Unfortunately, Congress in its infinite wisdom failed to draft any instructions for the SBA to administer the Payroll Protection Program.And then politicians went public with it before the SBA had a chance to make any sort of workable plans. So there was a TON of confusion. Just imagine a for-profit outfit being run like that!We know countless small business owners who WASTED dozens of precious hours trying to figure out what was needed to apply, answering the same questions over & over again, chasing down and sending documents to lenders that weren’t even needed, etc. etc.That’s why we created this “streamlined” approach to help you “self-process” your own application so that when you send it to the lender of your choice, your application package will be one of the cleanest & easiest for them to process!
- GETTING THE MONEY IS ONLY HALF THE BATTLE: Even some of the small business owners we know who DID get funded in the first round (yaaay!) have some parts of the application missing or their calculations are wrong. Especially those who applied very, very early before the SBA began “clarifying” the rules. So they got funded (yaaay!)But we expect it’s going to be a very different story when they have to APPLY TO THEIR LENDER to get the loan forgiven (BooHooHoo!) Remember, the lender gets paid to MAKE the loan. So we think it’s a good idea to have “your ducks in a row” when it comes time to apply to the lender to forgive the loan.If you follow our simplified, streamlined process which we will share with you for free…we are hoping this useful tool will help you protect yourself and set your small business up for success when it comes time to apply to get your PPP loan forgiven.
BOTTOM LINE: We encourage you to proceed with the process. Because you have something to gain and nothing to lose.
Plus, we will be sending everyone who asks for our help some complimentary tools and lessons to help you spot opportunities for your business to not just “survive” but perhaps even to GROW precisely because of all the challenges the economy will soon experience during these most interesting times.