Poo Pooing the PPP - Small Businesses Everywhere Get Royally Hosed by Bank of America & Wells Fargo

<p><strong>What a crazy last 4 days!</strong></p> <p><a href="https://twitter.com/BankBetterGuy/status/1245964202461868032"><strong>Thursday Night - Bank of America suddenly lists requirements for the Paycheck Protection Plan Loan (PPP) on its site, and they aren't good. They require a longstanding "CREDIT" relationship with BofA on top of an account with them.</strong></a><strong> Nearly all of the business clients I dealt with in the past couldn't get approved for lending with BofA, so they were being shut out. I was pissed.!</strong></p> <p><strong>In 3 hours, I got hundreds of thousands of hits on that post, and Twitter became madness Friday morning, with hundreds if not thousands of BofA Clients voicing their anger. 3 hours after that, CEO Brian Moynihan on CNBC mentions, they have </strong><a href="https://twitter.com/CNBCnow/status/1246137680875991041"><strong>"relaxed their requirements to getting the PPP Loan, eliminating a credit requirement"</strong></a><strong> but the damage was done with all the bad PR. Score one for The Notorious Banker who's millions of tweets and RT's helped make that anger go viral! :)</strong></p> <p><a href="https://www.inquisitr.com/5978983/bank-of-america-denial-ppp-loans/"><strong>Article detailing Friday's Issue From the Inquisitr</strong></a></p> <p><strong>I also talk briefly about how</strong><a href="https://twitter.com/realDonaldTrump/status/1246454868199583745"><strong> President Trump and his Tweets and remarks supporting BofA </strong></a><strong>caused work for The Notorious Banker to be screwed up because Twitter was a mess of pro and anti-Trump people arguing about non-bank stuff on a BofA tag...No politics, just my frustration by the flood of tweets.</strong></p> <p><br></p> <p><strong>Plus, I discuss how </strong><a href="https://www.consumeraffairs.com/news/wells-fargo-closes-the-paycheck-protection-program-loan-window-040620.html"><strong>Wells Fargo closed their PPP Window before it ever freaking opened on Sunday</strong></a><strong>, and how it left thousa