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Biden pressed by banks to extend loan program as expiration looms
The crunch comes just days after the Biden administration unveiled new rules designed to help self-employed businesses gain access to the program and qualify for more aid.
Banks have warned that the SBA s decision to strengthen anti-fraud measures this year has introduced new delays in the application pipeline. | AP Photo/Elise Amendola
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Banks and other businesses are pressing the Biden administration and Congress to keep the government s largest small business aid program running beyond its March 31 expiration date, warning that struggling employers need more time to obtain the economic lifeline.
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