COVID-19 CARES Act Approved
Express loans, the statutory $350,000 limit is increased to $1 million through December 31, 2020. In general, the SBA responds to Express loans within 36 hours (compared to standard 7(a) loans, which may take weeks to process). Recipients of 7(a) loans may be eligible for loan forgiveness on covered loans in an amount equal to the sum of the ................
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