[cmarks]

SmartBiz. isn’t. a. ****ing. lender.

They don’t LEND ANY SBA PROGRAM. So, again, you said “many banks have stopped lending 7(a)s”. Name them. You can’t.

As far as docs theyre asking for, all you’re showing is that you truly have no ****ing clue what’s going on. The documents required, most banks, along with Treasury, along with many states, have released the standard lists of documents required. Literally everyone else in this forum is familiar with the lists.

As for the $350B, that is going toward PURCHASING the loans from the banks who are tying up their own funds in originating, as well as paying the banks back after the loans have forgiven.


Like I said, you have no clue what you’re talking about, but you think just making up random **** as you go along will suffice. It won’t.

anger issues bud, we all know smart biz isnt a lender

Literally have had the main SBA document list since last week for stips but not all is equal.
Here is the guidance to banks:
"What underwriting is required? You will need to verify that a borrower was in operation on February 15, 2020. You will need to verify that a borrower had employees for whom the borrower paid salaries and payroll taxes. You will need to verify the dollar amount of average monthly payroll costs. You will need to follow applicable Bank Secrecy Act requirements."

Here is what 1 bank has on their site:"
State income, payroll, and unemployment insurance filings
TAX ID/EIN and complete ownership information
For sole proprietorships, independent contractors, and other self-employed individuals, your 1099-MISC forms
For sole proprietorships, documentation of the income and expenses from the sole proprietorship. For healthcare costs, all health insurance premiums paid by the business owner under a group health plan
Your company retirement plan funding paid for by the company
Additional documents may be needed.

"
But yea, no clue Bret