Exclusive: Top U.S. banks have threatened to give the federal government’s small-business rescue program a miss on concerns about taking on too much financial and legal risk, sources say by and
Thousands of banks unable to lend government money to small business. Why? Govt insists they lend fast, also insists they do anti-fraud, anti-money laundering, validate borrower eligibility (which are not fast).
The Paycheck Protection Program is supposed to start Friday. Small businesses are running out of cash. This is a big problem. via and cc: