May 28, 2023


Inspire the Next

Technical hitches and confusion at SBA delays small business loans

Computer problems at the Small Business Administration have been causing delays with the US government’s emergency $349 billion lending program. Reports suggest the SBA’s loan processing failed altogether on Monday, resulting in a bottleneck for loans to be approved and distributed.

Adding to the woes of small business owners was confusion and a lack of clarity about which documents needed to be supplied by customers who wanted to participate in the bailout.

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