Paycheck Protection Program application with a stack of cash. Source: Shutterstock.

The Biden Administration on Monday vowed to improve communication with lenders, as the Small Business Administration and financial institutions attempt to process thousands of Paycheck Protection Program loans.

"The SBA's goal is to make it easier for lenders to make PPP loans and to continue its relationships with this broader network of lending partners to expand access to capital after the PPP," the administration said as it rolled out changes to the PPP process.

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