What are the most common reasons why investors are never able to enter the PPP program?
The most common reasons are:
Investor doesn’t have the $100MM minimum cash funding.
Investor doesn’t have the money in an acceptable bank that participates with the PPP.
Investor doesn’t have full control of the money (there are restrictions on the funds).
Investor doesn’t have a good explanation of the origin of the money (could be illegal funds)
Investor doesn’t have cash or they don’t have workable assets.
Investor tries to proceed according to their own rules.
Investor doesn’t follow the required procedure.
Investor doesn’t cooperate with the PPP Trading Group.
Investor delays the delivery of documents or send non-confirmed documents.
Investor’s identity cannot be confirmed.
Investor is blacklisted for questionable activities or under criminal investigation.
These are that main things that have come up when a potential investor has not been able to pass compliance. These are items that
one must understand and be able to comply with in order to pass compliance. That having been said, 95% are approved in a