Phu Dang, left, the master of i5 Pho restaurant, gets assistance from a specialist as he boards up his business, Monday, March 30, 2020, in Seattle’s downtown Pioneer Square neighbor hood. Dang shut their company to dine-in customers previously into the thirty days together with tried doing takeout just meals as a result into the new coronavirus pandemic, but he stated their location would not attract sufficient clients for takeout in which he chose to completely shut for now. He stated his choice to board up arrived after a business that is nearby broken into within the weekend. (AP Photo/Ted S. Warren)
NEW YORK (AP) — small businesses dreaming about fast assistance from the government’s crisis $349 billion financing system had been Tuesday that is still waiting amid of computer dilemmas in the small company management.
The SBA’s loan processing system stopped working Monday, rendering it impossible for loans to be authorized and funds distributed, relating to a trade team for community bankers plus the CEO of an lending marketplace that is online. And there was clearly confusion in regards to the documents lenders needed from clients to accomplish loan transactions, they stated. Continue reading “Computer problems at SBA believed to endure business that is small”