Small, washington - the federal reserve is temporarily lifting restrictions on wells fargo's ability to make certain commercial. Wells fargo co is getting a break from the federal reserve's order capping its assets freeing up hundreds of billions of, demand for $5 million loan fund to help area small businesses affected by the coronavirus pandemic was so heavy that. Senators from both parties are pushing for changes to a small business aid program included in last month's coronavirus, "these are minority and women owned businesses and are all small businesses and we provide loans to nonprofits that service.
Joseph shamie should be high on the government's list of small business people eligible to receive much needed stimulus money, despite a rocky rollout the paycheck protection program is in heavy demand and could soon use up the $349 billion congress. Many individuals and small businesses are struggling to remain afloat during the covid 19 crisis the kold fact finders have, the federally backed loans for small businesses were rapidly depleted just a few days after the program began friday. Tuesday asked congressional leaders to swiftly commit an additional $250 billion to replenish the new $349 billion, sign up here continue reading below the federal reserve on wednesday said it would temporarily ease its asset cap on wells.
Small businesses across america have flocked to their local banks to apply for forgivable loans backed by the small business