Small businesses fear hold-ups in $350 billion rescue program

Getting the $350 billion in loans for small businesses in the record U.S. stimulus package into business owners' hands before a wave of closures will strain the nation's network of lenders and regulators as never before. The magnitude of the plan is unprecedented for the Small Business Administration, an agency that distributed $28 billion in fiscal year 2019 and is in charge of the program. Some small-businesses groups that had advocated for immediate help in the form of cash grants are concerned that the money won't be available quickly enough for firms that have urgent needs.

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