'Hot mess': Small businesses besieged by problems getting coronavirus loans

Out of five banks in Shemtov’s area, including SunTrust, Pinnacle and Wells Fargo, he said only one of them was able to accept and process his application right away when the PPP enrollment process initially opened, which is especially remarkable given that he has filed 10 applications.

There were also reports that the SBA’s online loan application process, known as E-Tran, was down for much of Monday, according to a senior banking industry source, who said one banker recounted to his group on Monday how the site was inoperable the entire morning. A senior administration official confirmed to ABC News on Tuesday that the Treasury Department is poised to ask Congress for another cash infusion -- more than $200 billion -- to keep the program from running out of money. And Senate Majority Leader Mitch McConnell, R-Ky., said he was preparing to have the chamber approve the funding on Thursday, the next time the Senate is scheduled to hold a brief session with one member present to conduct any procedural business.

Many retail banks were accepting applications as of Monday, but Citibank was among the few large financial institutions that was not yet up and running. It’s PPP website still read, “While we are working as quickly as we can, Citi is not yet able to accept the loan applications for the new Paycheck Protection Program. We appreciate your patience.”

“Kind of what you'd expect from a government program,” Field added."I understand that everybody's going through this, but it would be nice if there was some clarity that would allow us to be able to do this in a way that, I don't know, makes good business sense ... Let's hope.” "They don't even give you a loan number when it accepts. They don't give you an email. It’s as if we did nothing. So you don’t know where it is or when it went in," Shulman said.

And all for a flu bug that 99.99% will live thru. Tragic.

anyone have an SBA number yet?

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