[WestCoastFunding]

anger issues bud, we all know smart biz isnt a lender

Literally have had the main SBA document list since last week for stips but not all is equal.
Here is the guidance to banks:
"What underwriting is required? You will need to verify that a borrower was in operation on February 15, 2020. You will need to verify that a borrower had employees for whom the borrower paid salaries and payroll taxes. You will need to verify the dollar amount of average monthly payroll costs. You will need to follow applicable Bank Secrecy Act requirements."

Here is what 1 bank has on their site:"
State income, payroll, and unemployment insurance filings
TAX ID/EIN and complete ownership information
For sole proprietorships, independent contractors, and other self-employed individuals, your 1099-MISC forms
For sole proprietorships, documentation of the income and expenses from the sole proprietorship. For healthcare costs, all health insurance premiums paid by the business owner under a group health plan
Your company retirement plan funding paid for by the company
Additional documents may be needed.

"
But yea, no clue Bret

1) You made the claim that many SBA lenders stopped funding 7(a)s and have yet to name a single one.

2) You asked what the lenders are underwriting besides the application, and then admit that they are asking for other documents besides an application.


Your argument is literally an argument against yourself. Stick to trying to sell ISO lists and let people who actually navigate SBA financing discuss the SBA programs, as you’ve never actually brokered an SBA loan yourself.