2020-04-10politico.com

``Demand for the loans appears to be so high that it has overwhelmed the agency, even though Congress set aside billions of dollars last month to help the program make loans and grants to small businesses hurt by the novel coronavirus... small businesses might not be able to get anything close to [the] $2 million [cap]. Those that apply "will likely be given maximum loans of $25,000-$35,000 (as opposed to the advertised $2 million cap for EIDLs)," Tom Sullivan, the U.S. Chamber of Commerce's vice president for small business policy, wrote in an internal email on Thursday evening, which was obtained by POLITICO.''



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