Second round begins for small business loan program after problems hampered first rollout [CNN]
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Source: CNN
Second round begins for small business loan program after problems hampered first rolloutByLauren FoxUpdated 8:36 AM ET, Mon April 27, 2020Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.Replay s ...MT WATCH03:29Washington (CNN)initially plaguedBottom lineThis has always been a balancing act between perfection and getting billions out the door in enough time to actually keep a small business open. Remember, SBA is an agency that typically handles just more than $25 billion in loans a year. Now it is tasked with getting $310 billion in PPP loans out the door in a matter of days. small business loans are on the way. Here's what you need to knowHow long will the money last? It depends, but multiple industry experts CNN talked to over the weekend anticipate that this money could be gone within the week. Last time, it took 13 days, but banks have a much longer queue of customers this round."If I were betting, I would guess the money is gone in two a
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