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Smaller Banks Approve Loans Faster

Smaller Banks Approve Loans Faster "Old bank equipment - drive-up teller at a closed bank."

Smaller banks were able to fund business emergency loans faster than some of the largest U.S. banks, reports Bloomberg. 

Small businesses that rushed in vain to tap $349 billion in emergency U.S. loans to survive the coronavirus crisis are facing a harsh reality: Some of the nation’s top banks lagged behind relatively tiny rivals in handling applications.

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