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When they said first come first serve on Thursday 4/2 with the opening on Friday 4/3, we spent most of the day getting our paperwork done for the submission on that Thursday. Including copies of a whole year of payroll and all the other backup material. We had our paperwork in to Texas Bank and Trust that Friday morning. They worked on the SBA side and sent an email to us on Saturday that the SBA had changed the terms from .5% to 1% interest rate with some other changes about contractors and such and updated the signoff sheet. On early Monday we signed the loan agreement with those changes and by 4:30 p.m. they said we had been approved by the SBA. Then on Thursday 4/9 the money showed up in our bank account. I want to publicly acknowledge the outstanding work the Texas Bank and Trust team performed to get our relief money. For 2 weeks we sent everyone home fully paid. We are slowly ramping up but everyone is being paid their full salaries / 40 hours for the whole time they are at home self quarantining. This is how the program was supposed to work.


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