Anti-fraud screenings by the Small Business Administration are delaying processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online town hall. Though the SBA has approved more than $100 billion in loans during the latest round of funding, problems flagged by the PPP processing system are holding up some applications.
Sign up for CPA Letter Daily
The latest CPA news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.