(Bloomberg) — Bank of America Corp. sent 184,000 applications for rescue loans to the Small Business Administration from Sunday to early Monday morning.The lender is waiting for the SBA to process and approve the loans, according to an internal memo sent Tuesday by Dean Athanasia, president of the consumer and small-business division. Bank of America has 48,000 more client applications ready to submit, and has been uploading those through the SBA’s slower process, he wrote.“Today, we will communicate to each client whose application has been submitted to the SBA, advising them the loan application has been submitted, and we will …read more
Source:: Yahoo Finance
