Last night the SBA made changes in response to complaints from (((bankers))) who want their cut. Interest rate was doubled from .05% to 1%. And SBA agreed to pay all processing fees & accept all liability. Expect fraud. & loans can be sold on 2ndary mrkt. https://bankingjournal.aba.com/2020/04/treasury-sba-to-increase-rate-on-paycheck-protection-program-loans/">https://bankingjournal.aba.com/2020/04/t...

Please get angry. Burn the banks down.

"What we are hearing from alot of our bank clients is that they are being inundated with applications, but they are going to be taking care of their current, good customers first."

Cronyism. Wonder what ethnicity their current, good customers are? https://fortune.com/2020/04/03/sba-paycheck-protection-program-small-business-loan-ppp-when-can-i-apply-banks-credit-check-fees-how-much-laid-off-faq/">https://fortune.com/2020/04/0...

Are you ready to burn the banks down yet?

Banks are going to make a killing off this program.