Eager Lenders 'Waiting on the Sidelines' for Government Approval
Video Credit: Cheddar Inc. - Duration: 05:26s - Published
Eager Lenders 'Waiting on the Sidelines' for Government Approval
The United States has more than 5,000 FDIC-insured banks, but only about 1,800 of them are approved to make SBA loans — which means only that many are allowed to make government-guaranteed coronavirus relief loans to small businesses.
That's changing now, but how long it takes could make a big difference in the survival rate of America's small businesses.
