Comment on Anxiety grows as Colorado small businesses desperately apply to banks for federal loan rescue

Anxiety grows as Colorado small businesses desperately apply to banks for federal loan rescue

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.

 

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