We received word this morning from PNC regarding delays to the CARES Act application process. Here is the information that they sent to us:
PNC is committed to helping our customers and business owners with the Paycheck Protection Program (PPP).
Currently, like other financial institutions, we are reviewing the additional guidance from the U.S. Treasury and waiting for the final guidelines and details from the Small Business Administration.
In the meantime, I wanted to remind you of resources available to help you prepare and consider your options:
Once we are able to move forward with this program we will push an email that will contain the application, but the email needs to go to the person who has borrowing authority. Please let me know if that is not you and provide that person’s name and email address.
Thank you for your patience during what we know is a very challenging time.