Major delays in SBA-backed loans are slowing recovery

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The COVID-19 pandemic hasn’t been unkind to Stephen Schober’s 35-year-old metal-supplies business. Several employees at Metal Supermarkets, which has 98 franchise locations in the U.S., Canada, and U.K., did become ill but recovered; and the business itself was deemed essential, so it never had to close its doors. But Schober has a problem: Six of

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