The Small Business Administration (SBA) has received more than 96,000 PPP loan forgiveness applications since that portal opened Aug. 10, but has approved none, William Manger, the agency’s chief of staff, told House lawmakers last week, the Journal reported.
“We’ve submitted a number of applications,” John Buhrmaster, president and CEO of Scotia, N.Y.-based 1st National Bank of Scotia, told American Banker. “We’re four to six weeks into this, and we have not heard one word back.”…