SBA Struggling To Meet Demand For Relief Loans
PYMNTS
APRIL 8, 2020
So far, $50 billion across 178,000 loans have been approved according to Larry Kudlow, the director of the National Economic Council. Further, community banks are nearly out of cash. Bankers and businesses, however, said very little money has been dispersed. . It also takes hours to reach SBA officials for assistance. .
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