The government has resumed taking applications for its small-business aid program, but lenders say overwhelming demand is causing delays and glitches
WASHINGTON—The government on Monday resumed taking applications for its $660 billion aid program for small businesses hit by the fallout of the coronavirus outbreak—and with the resumption came a fresh chorus of complaints over delays and glitches in the process.
The Small Business Administration’s electronic loan portal was overwhelmed by demand, according to banking industry groups, who say the process was also stymied by last-minute changes in guidance on how to submit applications.
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