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Businesses who were in process of opening 2020
Tgoodnight OwnerMember ✭
We were hit hard when the SBA sent a note to our bank that they didn’t have to finish our 7a preapproved loan with our equity infusion that was required already overpaid. We were waiting to close and they refused to close. Supposed to open 4/30/20. We were committed up to our eyeballs and had to find a way to move forward. We did at great expense to us. That said...we are running short on operating capital. We qualify for nothing. Anyone have any ideas on any programs with the SBA that might help us? We employ 21+ people when they stay working...and are (as expected) bleeding cash for our first year and working towards break even. Just not there yet. Everything went upside down in our plan. Any ideas would be helpful! [email protected]