U.S. Senators demand small business loan data from SBA and Treasury [pdf]

Would love to see this data as well. We applied within 15 minutes of our bank, First Republic, opening up applications on April 3rd. Yesterday we got a notification they were unable to submit it before funds ran out and now I have to go in Monday and lay off employees. Horrible experience and terrible customer service from First Republic. I guess since we are a startup they prioritized other businesses.

AFAIK banks can discriminate based on their internal judgements about who to approve and for how much.<p>Given that, it should come as no surprise to anyone in America that they prioritized funding for business customers deemed of greatest value to them.<p>Random question, but can a pre-revenue company qualify for this type of bailout?

Application #300-something at PNC bank. Informed today they ran out of money and cannot make loan. We will survive this - hopefully - and I will close my PNC accounts. There&#x27;s. That&#x27;s more consequence than I can deliver to China whose output I cannot do business without, and who is far more responsible for this mess.

This is a pretty rich request from this particular gang of signatories. I&#x27;m sure if Trump was a D they&#x27;d be nowhere near a request like this. But to their credit, it would be good to know these figures and the timing of applications and dispersals.