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SBA Computer Issues Holding Up Small Business Loans

SBA Computer Issues Holding Up Small Business Loans

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FintechNews RoundupUSA
··1 min read

Small businesses are eager to get assistance from the $349 billion lending program for small businesses; it appears that businesses will have to wait even longer with reports sharing that the Small Business Administration was having computer problems; the processing system stopped on Monday which stopped loan approvals and disbursements according to the ICBA; there has also been confusion about the documents that lenders needed to receive from customers; Carol Wilkerson, a spokeswoman for the SBA said there have been over 275,000 applications totaling $75 billion. ABC News

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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