- FDIC has implied that insured funds (up to $250K per account) will be released within 7 days.
- It's entirely unclear how long it will take to recoup uninsured funds (above $250K per account).
- It's also unclear how much of uninsured funds will be recouped (although most people believe the figure will be above 80%)
If given the above fact pattern, your company can't make payroll, then it will have to raise emergency cash to do so. Whether or not that's feasible isn't an answer anyone here can provide.
- All funds in SVB are frozen
- FDIC has implied that insured funds (up to $250K per account) will be released within 7 days.
- It's entirely unclear how long it will take to recoup uninsured funds (above $250K per account).
- It's also unclear how much of uninsured funds will be recouped (although most people believe the figure will be above 80%)
If given the above fact pattern, your company can't make payroll, then it will have to raise emergency cash to do so. Whether or not that's feasible isn't an answer anyone here can provide.