[Someone1234]

Also worth considering that this program, by design, under-cut bank's own business loan offerings. That's why we see a lot of small "customer focused" banks offer it, and a lot of the big ones drag their feet long enough for the program to run out of money.

They don't /want/ companies to get a loan this way, they want companies to get a bank loan. No doubt they'll be spamming all failed applicants with offerings of "discount" bank loans soon.

[exclusiv]

I don't think this is fully accurate. They wanted CERTAIN companies to get these loans for sure. They got to make easy commissions and give free money to companies that owe them money. But yes, they got a ton of free leads AND incredibly valuable business information which they can use to sell services later.