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WASHINGTON — Over the past two years, 368 banks have stopped participating in the Small Business Administration’s lending programs, the agency said.

During his Jan. 22 State of the SBA Speech, Administrator Steve Preston said the losses represent a 7% decline in the number of banks that have outstanding SBA loans. Most would think it’s because of the agency’s fees, Preston said, but banks are actually complaining about the complexity of SBA’s rules, slow turnaround times, paperwork “burdens,” and lack of support when banks have issues.

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