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Lawmakers have approved more than $480 billion to revive a government loan program that ran out of money amid crushing demand from small businesses struggling with coronavirus lockdowns.

Lenders, looking to prevent fraud, may not offer instant approvals. "A lot of traditional lenders that make small-business loans, like banks and credit unions, don't turn around loan applications ...

Between Jan. 20 to Apr. 17, the SBA approved over 1,120 7(a) manufacturing loans, racking up a total of $677 million.