Citigroup CEO Michael Corbat said the bank was working to develop their own portal to help push capital to small businesses as part of the Paycheck Protection Program; Corbat said the goal of the portal is to “get this money into small businesses’ hands as quickly as it can.”; fees for the capital range from 5 percent for a loan under $350,000 to 1 percent for a loan over $2 million; the Trump administration said they are working to help the SBA handle the influx of applications but solutions like the one from Citi can ease the pressure on the SBA; banks overall have been a bit slow to get lending as the terms have shifted as few times; small businesses can ill afford to wait and Citi hopes their solution have help streamline the process. Business Insider
