The U.S. Small Business Administration (SBAS) is determined to get critical funds to the smallest of small businesses through the Paycheck Protection Program. The Agency began accepting applications for the newest round of funding on Monday, April 27. In 24 hours, SBA approved 475,000 loans for $52 billion dollars, more than seven times the number of loans the Agency normally processes during an entire year, and nearly twice the dollar amount. On April 29, beginning at 4 p.m. Eastern Standard Time through midnight, SBA systems only accepted loan applications from lenders with asset sizes less than $1 billion dollars. We know many ...