The federal stimulas funds for small businesses started applications today.
Bank of America has put in place thier own policies on which businesses can apply for the loans. I've had my small business account through them for 13yrs. Since I dont use thier credit card system my business wouldn't qualify.
I'm fortunate to be considered a essential business and have not had to lay off any employees. I wouldn't have applied for the small business stimulas as were going to get through this without the gov assistance. I believe God is my provider only.
What about the businesses who were forced to close, had thier checking through Bank of America and can now not apply for the small business loans? I feel for them. This is fed $ not bank of America $.
Just my 2 cents. I will be closing my accounts with bank of America in the weeks coming...
Bank of America has put in place thier own policies on which businesses can apply for the loans. I've had my small business account through them for 13yrs. Since I dont use thier credit card system my business wouldn't qualify.
I'm fortunate to be considered a essential business and have not had to lay off any employees. I wouldn't have applied for the small business stimulas as were going to get through this without the gov assistance. I believe God is my provider only.
What about the businesses who were forced to close, had thier checking through Bank of America and can now not apply for the small business loans? I feel for them. This is fed $ not bank of America $.
Just my 2 cents. I will be closing my accounts with bank of America in the weeks coming...