Banks have been fighting a secret robot war with government tech to get to the front of the line for $670 billion in small business bailouts. Here's the inside story.
Business Insider -

The Small Business Administration was called on to save America's economy over the past two months, administering $670 billion in federal aid to beleaguered businesses.

But the SBA's loan approval system, called E-Tran, was an obscure tool designed for low volume — and it kept crashing.

In a normal year, E-Tran processes roughly $20 billion in loans from fewer than 1,800 banks. By the time this crisis is over, the system is expected to dole out more than $1 trillion in loans in just a few months...

Read this story at


Related Articles