SOFX The Crossroads of Special Operations
The Bank of the West in Grapevine, Texas has reported that since the first few crazy weeks of the coronavirus pandemic, relief loan applications have dried up. On May 15th, the bank stopped taking application entirely. This is a story shared by many banks as they have seen a major reduction in loan requests these past couple weeks. Currently the program is still active but the Small Business Administration shows net weekly PPP lending is actually negative as of mid-May.
Source: Picserver. Creative Commons 3 - CC BY-SA 3.0.
