[Kevin Henry-Seacoast]

SO first this is like nothing in our lifetime. second the government is not deploying the funds, the 100s of approved lenders and banks are. 3rd, yes im skeptical since BofA already said they have 10k apps, but its first come first serve. First ones will get money relatively quickly and last ones will be SOL.
This isnt FEMA or SBA processing. The longer wait will be on back end to get the loans forgiven and how business owners go about proving they use money correctly.

Only 10K applications. BofA is massive. We are a bank with 7Bil in assets and have a whole lot more applications then them. We are also processing applications for or factoring and ABL clients.