Last week, Treasury Secretary Steven Mnuchin and SBA Secretary Jovita Carranza scrambled to publicly assure investors that rumors of a "power struggle" between the Treasury and SBA were false, and that the big banks were finally beginning to process loan applications. He even enthusiastically tweeted out aggregate totals for approved loans. But amazingly, as more businesses owners went about applying for loans only to learn they weren't eligible or would need to try again at a different bank, finally, BofA's BriMo had to appear on CNBC to explain that businesses should apply for their stimulus loans via lenders with which they have "preexisting relationships".

But as the administration and the big banks scramble to save the American economy from a far more brutal collapse (which is what would happen if half of the small businesses in the country close), even more roadblocks are popping up on Monday.

In a phoned-in interview on CNBC, Wilfred Frost urgently reported that Bank of America has received 177,000 applications for some $32.6 billion in emergency liquidity, but so far, only 100 of these loans have been disbursed.