(Bloomberg) — Lenders reported frustration with being shut out of the U.S. Small Business Administration’s system to apply for relief loans, a sign that the program that restarted Monday with additional funding is already overwhelmed.Not 10 minutes after the SBA’s Paycheck Protection Program relaunched at 10:30 a.m. New York Time, lenders reported that they either couldn’t access the agency’s system or were being kicked out as they tried to process applications on behalf of small-business owners, said Paul Merski of the Independent Community Bankers of America. The platform went down four minutes after it opened, according to a person familiar …read more
Source:: Yahoo Finance
