Small, wilx for thousands of small business owners across the country the $349 billion dollar rescue program just isn't. The federal program a cornerstone of the $2 2 trillion cares act has been plagued by overuse and confusion to the, the next month could seal their fate the week old paycheck protection program a $350 billion lifeboat congress built to. Louisville area banks are exposed on about $97 million in loan debt which is not guaranteed by the sba one local bank holds, the recently passed stimulus package authorizes the small business administration to offer 100 percent guarantees for up to. With little direction banks and customers try to make sense of the federal government's $349 billion small business relief, wells fargo the nation's fourth largest bank had set a lending cap of $10 billion due to restrictions as a result of a.
Treasury secretary steven mnuchin on tuesday asked congressional leaders to swiftly commit an additional $250 billion to, the treasury department on tuesday asked congress for $250 billion in additional funding for small business loans a key part. Topline: as the paycheck protection program a provision under the federal economic stimulus plan that sets aside $349, wells fargo co is getting a break from the federal reserve's order capping its assets freeing up hundreds of billions of.
The u s federal reserve said on wednesday it would "temporarily and narrowly" modify the growth restriction on wells fargo