@Celebration02 @joanneintexas @marcorubio We’re a small bank in north central Illinois. We’re happy to take an application from anyone in our lending area.
@joanneintexas @marcorubio We’ll accept apps from anyone in our lending area. Are there Fair Lending concerns for banks who do not? Requiring applicants to submit electronically or have an account at your bank, seems like a Fair Lending concern. #PPPloan#bigbankboondogle
@marcorubio (2/2) I know your intentions here were good, but the execution is failing. When the fund is depleted, what do I tell all who are left without, the ones who rushed to get me their information yesterday in anticipation of today? They did their part. The program failed them.
@marcorubio (1/2) All due respect Senator, but this is about equal access to taxpayer dollars for all qualified applicants from Main St to Wall St. The program, as it is being utilized now, creates a sort of disparate impact for businesses whose community banks are locked out.
@stevenmnuchin1@carlquintanilla@SBAgov@USTreasury A real issue with the rollout of PPP is that the true community banks CANNOT access in order to apply for our small businesses. Main Street America is being left out once again while the big banks and their big customers reap the rewards. #PPPloan#bigbankboondogle 1/2
@marcorubio Senator, A real issue with the rollout of PPP is that the true community banks CANNOT access in order to apply for our small businesses. Main Street America is being left out once again while the big banks and their big customers reap the rewards. #PPPloan@carlquintanilla 1/2
@ReformedBroker BofA is prioritizing existing borrowers after interim final made change to allow loan proceeds be used for “interest payments on any other debt obligations…” @carlquintanilla