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The nuts and bolts of the Paycheck Protection Program

Monday, July 6, 2020
Joyce M Rosenberg | Associated Press

Many banks also enraged owners at the start by rejecting their applications if they didn’t have multiple accounts including existing loans or lines of credit. And some of the biggest banks in the country took a week or more to start accepting applications. The problems made it more difficult for minority businesses to get loans, according to a report from the Center for Responsible Lending, a research group.