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Comment by curo

Silicon Valley Bank vs my local bank:

SVB:

  - SVB loses a big check of ours for a week prior to PPP
  - SVB takes 1 week to get their newly developed PPP portal active
  - SVB prioritizes new clients and bigger accounts (allegedly, see Twitter screenshots)
  - Delays and bugs once it's live

Local Bank:

  - Local bank tracks and finds lost check, makes except to deposit
  - Local bank puts out a low-tech, but reliable DocuSign PPP form the day after announcement (and 6 days before SVB's portal taking PPP apps)
  - Local bank prioritizes existing clients 
  - No bugs, you can connect with them in <10 mins to talk to a rep

parent curo 6 years ago

Comment by curo

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