Bank of America Has 256,000 Small-Business Loan Requests for SBA
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Bank of America Corp. has 256,000 loan applications totaling about $28 billion that are ready for the Small Business Administration to process.
The requests for relief funds include 184,000 submitted on Sunday and early Monday, plus 57,000 being uploaded via the SBA’s manual process, according to an internal memo from Chief Administrative Officer Andrea Smith seen by Bloomberg.