$5.4 Billion Day for Main Street Ends in Frustration, Relief
- U.S. loan program opened with some banks not ready to process
- Many applicants were shut out, others got through seamlessly
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Financially stricken small business owners across the U.S. were offered a glimmer of hope Friday as applications began for a relief loan program.
The roll-out received mixed reviews and was plagued by uncertainty, as lenders struggled with a lack of detailed guidance on how to implement the unprecedented program that was rushed into existence to save small businesses.