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1/ 4/14 #PPP Update: stoked to see the approval # accelerating.
•Today, we saw 4000 SMBs approved for $1B.
•In addition, we had 300 banks continuing to process their bank customers (estimated another $0.5B).
•So far, hired 170 new employees to try to keep up w/ demand...
•Today, we saw 4000 SMBs approved for $1B.
•In addition, we had 300 banks continuing to process their bank customers (estimated another $0.5B).
•So far, hired 170 new employees to try to keep up w/ demand...
2/ ..but am still seeing customers that aren’t getting responded to quickly enough. Sending daily emails to applicants to provide transparency & status updates.
•Had a big push today to have customers ensure data accuracy of their application. After getting a bunch of files...
•Had a big push today to have customers ensure data accuracy of their application. After getting a bunch of files...
3/.. rejected by ETran last weekend, it became clear that the SBA needed more information than was in their published app, specifically owner DOB, 6-digit NAICS, biz start date, etc.
•Excited that @OnDeckCapital was approved today. Congrats @noahbreslow.
•When we notified..
•Excited that @OnDeckCapital was approved today. Congrats @noahbreslow.
•When we notified..
4/... a customer of his approval, he broke down crying with gratitude. That’s a call recording that I will save in my journal. 
•Estimated that we helped save approx 200k jobs.... today.
•The weight we feel right now is beyond measure. Every person I know (including...
•Estimated that we helped save approx 200k jobs.... today.
•The weight we feel right now is beyond measure. Every person I know (including...
5/...friends, family members, neighbors, church members, strangers, people from high school /college / sports, and more), every business in America are all reaching out to get a loan. And they are racing against a time bomb - either their business will go under, they will lay..
6/.. off employees, or they feel they will miss out. They have immense weight on their shoulders and ALL of them are looking at Lendio to help.
•I don’t fear the moment. I fear letting people down. I believe that we will be able help everyone that comes to us. I fear that we..
•I don’t fear the moment. I fear letting people down. I believe that we will be able help everyone that comes to us. I fear that we..
7/.. won’t be able to do it fast enough.
•So many things outside of our control. ETran, which lenders are approved, their ability to handle volume, the speed in which the lender approves or funds.
•For those reasons and many more, we are only sleeping a few hours / night...
•So many things outside of our control. ETran, which lenders are approved, their ability to handle volume, the speed in which the lender approves or funds.
•For those reasons and many more, we are only sleeping a few hours / night...
8/... We have put ALL our resources towards this. Normally, we are motivated to Fuel the American Dream.
Now, we are motivated to help SMBs SAVE the American Dream.
Please pray for us. Whatever supreme being or karma you believe in. Please pray for the businesses & lives...
Now, we are motivated to help SMBs SAVE the American Dream.
Please pray for us. Whatever supreme being or karma you believe in. Please pray for the businesses & lives...
9/... that have been affected.
This is much bigger than me, significantly much larger than Lendio...
THIS moment is about getting America back on its feet.
This is much bigger than me, significantly much larger than Lendio...
THIS moment is about getting America back on its feet.
