Yes. Banks are not eligible for SBA loans. They are not an eligible entity. Plus i don’t think the perception would be good, especially with the funds not getting to all small businesses and the funds being already depleted.
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NOTICE: This electronic mail message and any files transmitted with it are intended exclusively for the individual or entity to which it is addressed. The message, together with any attachment, may contain confidential and/or privileged information. Any unauthorized review, use, printing, saving, copying, disclosure or distribution is strictly prohibited. If you have received this message in error, please immediately advise the sender by reply email and delete all copies.
------Original Message------
Has it been confirmed that a bank itself isn't eligible for a PPP loan through another bank?
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Mary Fowler
Chief Executive Officer
The Peoples Bank
Magnolia AR
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Sent from my iPhone
________________________________
NOTICE: This electronic mail message and any files transmitted with it are intended exclusively for the individual or entity to which it is addressed. The message, together with any attachment, may contain confidential and/or privileged information. Any unauthorized review, use, printing, saving, copying, disclosure or distribution is strictly prohibited. If you have received this message in error, please immediately advise the sender by reply email and delete all copies.
------Original Message------
Has it been confirmed that a bank itself isn't eligible for a PPP loan through another bank?
------------------------------
Mary Fowler
Chief Executive Officer
The Peoples Bank
Magnolia AR
------------------------------
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