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03-26-2020, 02:59 PM | #10 | |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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Quote:
Those have always been administered by the banks themselves but ultimately backed by the government. From what I can see, the SBA will essentially 'purchase' the forgiveable obligations from qualified lenders in the event that they certify that the funds were used by the borrower on allowed expenses. I just don't see how this can be a direct loan program - who in the federal government has the infrastructure for that? The Treasury department damn sure isn't geared up to accept millions of credit applications. That just cannot be right. |
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Posts: 62,236
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