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Small Business Administration headquarters building entrance Small Business Administration headquarters building entrance (Image: Shutterstock).

The House passed legislation this week that would extend the Paycheck Protection Program to the end of May in an effort to help unblock the logjam at the Small Business Administration just weeks before the loan program is scheduled to end.

Credit union trade groups and others have said that the SBA has been slow in processing PPP loans—raising concerns that some loans may not be approved by the time the program’s authorization expires at the end of this month.

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David Baumann

Dig Deeper

Credit Union Times

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