[omegafund]

This guidance by the SBA for the supposed $50B allocated in new low interest loans seems to be a bit of a joke. First the governors have to request specific areas within a state be designated a disaster area. That’s understandable, i suppose. But with global GDP crashing, shouldn’t the whole U.S. be designated? It seems like only the businesses in areas with high numbers of COVID-19 cases would qualify.

After that, the businesses have to show that they can’t access financing anywhere else. So that seems to mean they have to apply for conventional financing and be turned-down. That process could take weeks.

This seems way to cumbersome of a process when we are essentially in an economic “sudden stop” right now.

With potentially 2% rates you essentially have free money worth the wait.

[SFC]

With potentially 2% rates you essentially have free money worth the wait.

Sounds like PayPal... and the we stack!

[WestCoastFunding]

With potentially 2% rates you essentially have free money worth the wait.

If they survive the wait.

[SFC]

If they survive the wait.

Marcus will fund them all, he's putting America on his back. Just don't ask where he's getting all that money from!

[skideeppow]

Rapid just suspended all restaurant funding