[cmarks]

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).

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.

LOL,, I simply copied and pasted what it says in the docs...thats it. Thats the govt telling you what they think, so theres someone else... None of this is without flaws.
There are reports of businesses who have received money form PPP, and others said that wouldnt happen until June, i said this week. So go figure...

Also there are banks and fintechs applying to join, reasons are multiple, but you know everything with your vast experience of SBA lending that does little to anyone for a brand new emergency loan product that the banks barely know how it works.