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Paycheck Protection Program with cash and a mask Source: Shutterstock.

Thousands of Paycheck Protection Program loans have a variety of “holds” on them, and may not be cleared by March 31, when the PPP program is set to expire, financial services trade groups, including CUNA and NAFCU, warned.

The groups late last week asked key members of Congress to press the Small Business Administration to clear as many loans as possible by that date. And they asked that all loan applications received by March 31 be processed.

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David Baumann

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Credit Union Times

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