Paycheck Protection Program Update April 20, 2020

Loan Disbursement

We received an email Friday night with our PPP documents. (Thank you to Columbia Bank for working late!)


The loan documents were straight forward and allowed an email response. No surprises.


Columbia Bank stated in their transmittal email that the funds might be deposited into our business account on Monday April 20- even if the loan documents were not signed. However, we would not be able to use the funds until the documents were executed and returned. In fact, the funds were deposited in our account on Saturday. Interesting.


As we continue going through this process, we want to keep you informed as much as possible. As always if you have any questions or concerns, do not hesitate to contact us.




Vaughan & Co. Securities Inc.