Home What We are Talking About SBA program reopens with new glitches and new scrutiny after NBA franchise returns loan funds

SBA program reopens with new glitches and new scrutiny after NBA franchise returns loan funds

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SBA program reopens with new glitches and new scrutiny after NBA franchise returns loan funds
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The government relaunched its small-business aid program Monday, infused with $310 billion in fresh funding, but faced an outcry of complaints over faltering computer systems and delays from bankers and desperate business owners.

The program, run by the Small Business Administration, is one of the government’s signature efforts to buoy the nation’s employment during the pandemic since a majority of Americans work for companies with fewer than 500 employees. But the program’s technical problems and bureaucratic delays have highlighted the Trump administration’s struggles to deliver massive amounts of aid quickly.

Read the rest of the story at The Washington Post.