I should have been more clear. I was not required to prove economic hardship by providing financials.
The application makes you certify the following: "Current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant."
This is fairly ambiguous language putting most applicants in a defensible position regardless of firm performance over the next 6 months. There was a lot of litigation against lenders during the last QE so banks were more cautious about compliance. However, I was still not asked for tax returns, any financial statements, etc.
The application makes you certify the following: "Current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant."
This is fairly ambiguous language putting most applicants in a defensible position regardless of firm performance over the next 6 months. There was a lot of litigation against lenders during the last QE so banks were more cautious about compliance. However, I was still not asked for tax returns, any financial statements, etc.