If you were incurring interest either you had some kind of simple interest credit card (which is rare) from like upgrade.com but most credit cards do not work that way, not even the one from Sofi. Source: over 1 year ago
My opinion is that the SBA will play the fraud card even if millions of businesses will go down and hardly any get funded. They are more worried of the F word, and they are convinced the IRS is the only one which can solve this problem. We are in 2021 and there are tons of technology to check for fraud. Some of the online loan platforms like sofi.com, upgrade.com, upstart.com ,.etc give loans rather quickly... Source: almost 3 years ago
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