SBA releases Paycheck Protection details-
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  1. #1
    Banned Reputation points: 769
    Join Date
    Apr 2020
    Location
    Broomall, PA
    Posts
    123

    M&T bank got over 100,000 applications just today. They write approx. 180,000 loans per year. They are the 6th largest SBA lender in the country. That insane amount of backlog mixed with government bureaucracy. I agree that small businesses will not get the relief they need, definitely not in the time frame they need and there's no way stiff banks will ever pay out a dime. PPP is a lost cause for sure.
    Last edited by KanjorskiPartners; 04-06-2020 at 05:21 PM.

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