Things appear to be going well with this. People think they are submitted because they followed their banks instructions by emailing their applications. Some banks don't have their online portal setup with the SBA. Some banks aren't participating because the Treasury can't really tell them what their liability is going to be in the end. Banks that do have their portal setup are only processing their customers applications.
First two versions of the form didn't even S-Corp, C-Corp, Partnership, LLC, or Sole Proprietorship listed as a business type.
Finally, on version 3 of a 2 page form they have the most common types of business entities listed.
There will be another round or 2 of stimulus because this $350b will gone and misused very quickly.
First two versions of the form didn't even S-Corp, C-Corp, Partnership, LLC, or Sole Proprietorship listed as a business type.
Finally, on version 3 of a 2 page form they have the most common types of business entities listed.
There will be another round or 2 of stimulus because this $350b will gone and misused very quickly.
