Big banking institutions just take temperature over SBA loan system reaction: 'These are typically attempting to take advantage of the situation'

Alex Lelchuk had been viewing President Donald Trump on tv this week when he heard a familiar vocals providing the president some news that is tough.

Noah Wilcox, a residential district banker from Minnesota, had been Trump that is telling that management ended up being bungling the rollout of this $349 billion Paycheck Protection Program. Many disappointing, Wilcox told the president, had been that a 3rd associated with the 5,000 community banking institutions within the U.S. remained looking forward to the government’s approval so that they could start applications that are taking.

That caught Lelchuk’s attention. For four times, their application have been in limbo at U.S. Bank, where he's been doing most of their banking for decades. Lelchuk, whom has a technology that is small in St.