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Can't apply to the Paycheck Protection Program bc my startup's bank is Azlo?
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3 points
by lambdatec
2263 days ago
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Azlo is not participating in the Paycheck Protection Program, and other banks are requiring a business account established before February 15, 2020 in order to apply. This means my business is unable to participate in this program, even though it qualifies! I just spoke with Azlo customer service, who told me they are not participating in the PPP. Essentially I am being excluded from federally-mandated aid because I chose to do my banking at Azlo, and not another major bank. Does anyone know how to apply for the PPP without having a pre-existing business bank account (at somewhere other than Azlo)? And yes, I am already kicking myself for choosing Azlo. |
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"Our partners at Azlo have updated us that they will be assisting clients who want to apply for Covid-19 relief through the Paycheck Protection Program (PPP). They'll be working with their partners, Fundera and Kabbage, to offer support and they hope to have the process set up by Monday.
If you already have an account through Azlo stay tuned for updates. If you were considering opening an account with Azlo and are also considering relief under the PPP now would be a good time to apply. You can learn more about applying to Azlo on your Launch Dashboard.
If you bank with another institution, check in to see if they are facilitating applications or have suggested partners. You can also apply through Fundera and Kabbage directly."