SBA Computer Issues Holding Up Small Business Loans

Small businesses are eager to get assistance from the $349 billion lending program for small businesses; it appears that businesses will have to wait even longer with reports sharing that the Small Business Administration was having computer problems; the processing system stopped on Monday which stopped loan approvals and disbursements according to the ICBA; there has also been confusion about the documents that lenders needed to receive from customers; Carol Wilkerson, a spokeswoman for the SBA said there have been over 275,000 applications totaling $75 billion. ABC News

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