SBA
The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday after the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders.
The step was being taken to ensure that...
Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration (SBA).
Banking industry groups said Tuesday the SBA's loan processing system is still unable to handle the...
Millions of small business owners will be turning to the government, seeking help for an individual and nationwide cataclysm, the economic devastation caused by the coronavirus outbreak.
The government says it will begin disbursing loan money to company owners and freelancers Friday under...