There might have been a fresh infusion of funding into the Small Business Administration’s (SBA) account for its Paycheck Protection Program (PPP), but as the application process restarted this week, the same problems from round one were back again for round two.
Less than five minutes into the restart of PPP applications, lenders around the country reported of problems with SBA’s E-TRAN system, ranging from slow and unresponsive pages to an inability to even log onto the system.
Read on for more details of the first days of the PPP restart.