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#2234873 - 04/15/20 06:19 PM Beneficial Ownership SBA PPP amending policy
Sunshine Banker Offline
Member
Joined: Jun 2012
Posts: 80
Florida
Anyone amending their UBO policy to adapt to the SBA PPP guidelines-temporary basis?

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#2234874 - 04/15/20 06:30 PM Re: Beneficial Ownership SBA PPP amending policy Sunshine Banker
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Before Friday when the money is scheduled to be gone??
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#2234887 - 04/15/20 07:30 PM Re: Beneficial Ownership SBA PPP amending policy Sunshine Banker
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You can get management to change the policy now with the understanding you'll get Board ratification at the next opportunity. But even so, unless Congress fills up the cookie jar in the next very few days, all the cookies will be gone.
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#2234893 - 04/15/20 07:58 PM Re: Beneficial Ownership SBA PPP amending policy John Burnett
Sunshine Banker Offline
Member
Joined: Jun 2012
Posts: 80
Florida
Since our UBO does not align with the SBA-is the SBA guidance along with the Treas, Dept enough? For exam time-we just point to the guidance?

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