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04-07-2020, 11:53 AM #11
- Join Date
- Oct 2016
- Posts
- 4,318
Chris is literally the only person that thinks this is attractive to lenders, yet the fact the lenders refuse to touch these other than to their own clients (nearly all will only do It to protect their own exposure by financing clients that have credit facilities to the banks) tells the story.
Why in the world would the banks want to sink their money into a program like this? They won’t. The Federal Reserves know this program is dog**** to lenders, so they are now creating their own credit facilities to provide financing to the PPP borrowers directly, while using the banks to process the loans.Last edited by WestCoastFunding; 04-07-2020 at 12:05 PM.
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