Updated with current information as of May 1, 2020
As you may know, the Paycheck Protection Program has been fully funded and there is no new money anticipated at this time.
Is my bank going to be able to handle the volume of applications that they are likely to receive?
Skyway is prioritizing banks and credit unions by their ability to handle processes online, close remotely and have the systems and processes to get things done As Soon As Possible (ASAP) and they will let us know how long it’s going to take to fund your loan. We know how long the lines are.
We have a process to efficiently collect your corporate and financial data that enables us to quickly submit applications in a format that we know the banks will accept. Because our applications are in this standard format and the banks know there is no missing information, it makes it easier for them to underwrite and fund your loan. Remember, we don’t charge you any fees for this service, if we end up receiving any compensation, it will be from the lending bank, not from you or the government. Let us help you get your PPP Loan ASAP. Don’t delay, get in line today.