For five days, Steven Marks, who runs a counseling practice, has waited anxiously to apply for a loan under the new federal Paycheck Protection Program. Vectra Bank Colorado, his commercial bank, still hadn’t opened its online loan application site as other banks pumped out billions of dollars in emergency loans. “The guidance they gave us is it will be first-come, first-served,” he said.

Topics:  steven marks   don childears   association   congress   covid-19   nonprofits   small business administration   bruce alexander    all   marks    what i   front range counseling   borrowers   related articles   coronavirus   q&a    if    none   sen   susan collins   r-maine   federal reserve    marks   paycheck protection   program   vectra bank   colorado    the    i   childears   ceo   it   sba    we   wells fargo   desperately   apply   banks   loan   rescue   billion   customers   lenders   approval   system   ppp   money   state   demand   tuesday   opened   friday   big   relationship   aid   stimulus   hours   application   guidance   monday   funds   online   commercial   billions   feeling   forgivable   financial   backed   exposure   list   expenses   lender   payroll   active   year   information   days   fast   reaching   good   largest   

 

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