Small Business Loans Site Crashes Amid Flood of New PPP Applications
Alabama bankers couldn’t access the federal Paycheck Protection Program application site on Monday so that small businesses hurt by the coronavirus could apply for the loans. Alabama Bankers Association President Scott Latham said the U.S. Small Business Administration promised that its systems would be prepared for action on Monday, but they were not. “Despite the agency’s efforts to be ready, it has failed,” Latham said in a press release. Read more.