Written by
(AP) — The second round of loan applications for the government’s small business relief program has been slowed by computer issues at the Small Business Administration.
Lenders are complaining that they can’t get their applications into the SBA system that processes and approves loans. The agency says it notified lenders Sunday that it was limiting the number of applications any lender could submit at once.
The head of the Consumer Bankers Association says the SBA’s change was too last-minute — bankers had already sent large batches of applications to the agency, not knowing that a new procedure was being planned.
The first round of loan applications was also slowed by computer issues at the SBA. The agency began accepting applications for $310 billion in loans Monday morning.
Related Posts
-
The Latest: More New York health care workers vaccinate Posted: September 28, 2021 at 12:23 pmALBANY, N.Y. — Thousands of health care workers in New
Read more » -
Hospitals fear staffing shortages as vaccine deadlines loom Posted: at 12:16 pm
Hospitals and nursing homes around the U.S. are bracing for
Read more » -
J&J: Booster dose of its COVID shot prompts strong response Posted: September 21, 2021 at 12:54 pm
LONDON (AP) — Johnson & Johnson said Tuesday that a
Read more » -
Biden bets on rapid COVID tests but they can be hard to find Posted: at 12:51 pm
WASHINGTON (AP) — President Joe Biden is betting on millions
Read more »
Central Valley Biz Blogs
-
BLOG: Happy birthday to Marketplace at El Paseo
Posted: April 12, 2024 at 1:23 pm
Ten years ago this week, Fresno’s fastest-growing shopping center got
Read more » -
BLOG: Fresno EDC’s April 18 real estate forecast a can’t-miss event
Posted: April 10, 2024 at 11:27 am
The Fresno County Economic Development Corporation (EDC) invites you to
Read more »