WASHINGTON– The U.S. government resumed the pipeline for small-business loans and grants Monday, setting off a fresh chorus of problems from lending institutions and borrowers about hold-ups and glitches plaguing the approval process.
The Small Business Administration’s electronic loan portal was overwhelmed by need soon after it opened Monday early morning, according to banking industry groups, that state the procedure was likewise stymied by last-minute modifications in guidance on how to send applications.
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source https://jobsearchtips.net/small-business-loan-program-resumes-with-reports-of-hold-ups/
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