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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