Relief - maybe?

Treasury Secretary Steven Mnuchin tweeted his congratulations to the Small Business Administration (SBA) and Treasury early Friday morning. "I just got first report on #PPPloan The system is up and running. Community banks have already processed over 700 loans processed for $2,500,000. Great work!!" he wrote.

[...]

But lenders have complained in recent days that the Treasury and SBA have not provided clear guidance about their liabilities and responsibilities, or functioning technology to process borrowers.

[...]

White House economic adviser Larry Kudlow said on Bloomberg TV that banks are "ready to go" with the loan programme.

A number of bankers, however, told Reuters news agency on Friday morning that they were not able to make loans yet because they were waiting for information or processing details from the SBA and Treasury.

Citibank's website Friday morning featured a message [saying,] "While we are working as quickly as we can, we are not yet able to accept applications for the Paycheck Protection Program."

[...]

In addition, the fine print of some bank terms can also prevent individuals from getting the assistance they desperately need at the moment.

For instance, lenders offering 90-day forbearance on mortgage payments are limited in how they can structure help for customers whose loans are owned by investors.

Mortgage-bond holders are still requiring monthly payments even if borrowers do not pay. Banks have been willing to foot the bill for a few months, but will ultimately need cooperation from investors.

Some customers are finding they are expected to write a big cheque as soon as the grace period ends, rather than having missed payments tacked onto the end of the loan.

  alJazeera

...but hey, do what you want...you will anyway.