Quote:
Originally Posted by mililo4cpa
I call bullshit on this....call your BoA rep and ask them where in the CARES act, SBA Section 7(a), or specific treasury guidance does it state that you need an existing credit relationship....
and them tell them this is directly from the treasury.gov site:
https://home.treasury.gov/system/fil...Fact-Sheet.pdf
"Where can I apply? You can apply through any existing SBA lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. Visit www.sba.gov for a list of SBA lenders." |
P.S. I take this as BoA leaving small businesses out to dry....