Four days into the launch of the Paycheck Protection Program by the Small Business Administration and the Treasury Department, the agencies reported they had granted delegated authority for 175,000 loans totaling $50 billion.
All those loans have been guaranteed despite some questions, concerns, and technology programs which have created a bottleneck for even more work to come.
ICBA’s Paul Merski talked with Dodd Frank Update about the latest progress being made by the industry and federal officials.