Wells Fargo – Monday, April 6, 2020 2:17PM

We are getting news today that some PPP 7(a) applications from various banks are already being approved and funds may be distributed quickly!  On the bad news front, Wells Fargo is no longer accepting applications.  If that is your local bank and you have not already submitted your application, you will have to find another source.    

“Wells Fargo & Co said late Sunday that it will cap its participation in the U.S. government’s small business coronavirus rescue program at $10 billion due to regulatory constraints.”  Read in Reuters: https://apple.news/AoY3ceSnJRYC3O5V44ThPGA