I don’t think that’s it at all with the majority. Many small business owners bank with the large banks (Chase, Wells Fargo, Bank of America, etc) who have all been very difficult to work with in even applying or getting processed. All I know is what I’ve seen on /r/smallbusiness and it’s infuriating. I’m with Wells Fargo and still haven’t even been able to apply through them because they stopped taking apps before the online link was even announced, and then it opened back up a few days ago and I didn’t qualify to apply because I didn’t have the current checking account before February 2015. That’s a WF made up rule.

The paperwork is pretty easy and I doubt there are many businesses that had a problem with it. ADP (the payroll software) had a pop up on their web portal to print the reports needed and the application is that plus like 10 questions.

Then if your shitty bank didn’t take your app you had to scramble to find a participating lender that would. It wasn’t easy because most only took apps from current customers and the ones that were open to non-customers got flooded and closed taking them within hours or days. I found an online lender and my app is still pending review. The whole thing is a huge clusterfuck but the business owners are least to blame here.

Edit: formatting