SBA Announces Updated Guidance Regarding Deadline for Targeted EIDL Advance Program Reevaluations
… decisions made. The SBA accelerated daily processing of loan increases from close to 2,000 applications to more than 37,000 applications daily. Loan officer productivity also went from 1.86 applications … to 15 applications per day. As a result of these increased loan review rates, the 600,000+ loan increase backlog has …