[FCG]

I wouldn't say it's dead, it's reluctant.

Since May we have slowed down, picked-up, leveled, slowed down, and then picked back up. The need for funding is absolutely still there, clients are still filling out applications to get offers but they all seem very unwilling to move forward. This is even with merchants we've funded before that KNOW we just put a great deal in front of them - They are turning down good offers to try their luck with SBA, main street funding, new banking relationships, or wherever they can get $150,000 at 5% when they are depositing $50K monthly with a 600 Fico (ha).

This^^. From my experience, submissions haven't stopped. However, merchants have this misconception that we are a bank and are providing bank terms/rates, even though we never present ourselves as such. I think the EIDL & PPP set false expectations in their heads.