Quote:
Originally Posted by SAUTO
my bank is saying they have to confirm the borrower hasnt gotten and wont get any other sba loan to give these out.
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On the final application published by the Treasury, these are a specific qualifying questions answered by the borrower as part of the application
https://home.treasury.gov/system/fil...30-2020-v3.pdf
I think banks are real nervous due to high level of uncertainty. My original prognosis is that it will take 2 months to fund due to this uncertainty, and while I certainly could be wrong on this, as of today the banks are saying things that are (to me) obvious delay tactics....