Emergency small-business loan program is off to slow start

06/25/2009 | CNNMoney

Even though the Small Business Administration approved 72 loans worth $2.4 million in the first week of the stimulus-created America's Recovery Capital program, some small-business owners aren't as impressed. "SBA is doing the best it can to implement the program, but the guidebook came out one week before [the program's start date], which is not a lot of lead time," said Tony Wilkinson, president of the National Association of Government Guaranteed Lenders.

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