SBA: Small businesses move to head of loan application line

THE SBA said that for eight hours Wednesday ending at midnight Eastern time it would accept PPP loans only from small lenders. It also indicated that it was moving the smallest companies applying for loans to the head of the line. / AP FILE PHOTO/ERIC GAY
THE SBA said that for eight hours Wednesday ending at midnight Eastern time it would accept PPP loans only from small lenders. It also indicated that it was moving the smallest companies applying for loans to the head of the line. / AP FILE PHOTO/ERIC GAY
NEW YORK (AP) – The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday as the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders. The step was being taken to ensure that small community lenders, those…

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