“… But the sheer volume of the money going out the door is a challenge. For an agency that gave out $28 billion in 2019, doling out $350 billion in a matter of months will be an unprecedented scale especially given the tight timeline.
The SBA will have an influx of tech support to help it streamline the loan process. “SBA has hired Microsoft and Amazon to help the agency implement the Paycheck Protection Program,” according to a source familiar with the situation, who described it as “unprecedented public-private partnership.”…” Read the full article here.
Source: Small business loans could become target of fraud and a government watchdog is already trying to stop it – By Lauren Fox, March 31, 2020. CNN.