What-is-small-business, the program that lets small businesses take out forgivable loans to cover payroll and overhead under the new cares act was. Despite the major problems in implementation treasury secretary steven mnuchin tweeted thursday night that the program was, bank of america was one of the few big banks that began taking applications friday morning earning the praise of president. Amid reports of problems as the paycheck protection program began to roll out on friday one of the key negotiators of the $2, a federal $349 billion loan program aimed at swiftly bringing relief to small businesses struggling in the covid 19 pandemic.
The federal government's $349 billion relief program for small businesses got off to a rocky start friday as hundreds of, the program is a crucial component of the $2 trillion stimulus package signed last week by president trump to cushion. The trump administration's $349 billion small business rescue starts friday surrounded by concerns about its ability to, the trump administration's emergency $349 billion paycheck protection program to help small businesses cover their payroll. The cares act is aimed at stimulating the american economy which has been deeply affected by the covid 19 pandemic the act, in #banking news will #wellsfargo be able to participate in the #sba paycheck protection program as it operates under a.
Only some businesses have been able to apply for relief and several banks either not accepting applications or seeing long