Tech issues hobble U.S. banks' mad grab for $310 billion in new small-business aid
Share:
WASHINGTON (Reuters) - U.S. banks beginning another chaotic dash to grab $310 billion (249.6 billion pounds) in fresh small-business aid released by the government on Monday were hamstrung after 11th-hour changes to the first-come-first-served program caused technology issues for many lenders.The Small Business Administration reopened its Paycheck Protection Program at 10:30 a.m. EDT (1430 GMT), allowing lenders to resume processing applications from businesses hurt by the novel coronavirus..