Government's small business lending program on hold after reaching lending limit

  • By cvbizz
  • April 16, 2020
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via wyff.com

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The government’s paycheck protection loan program for small businesses is on hold. The Small Business Administration said that it reached the $349 billion lending limit for the program. Thousands of small business owners whose loans have not yet been processed must now wait for Congress to approve a Trump administration request for another $250 billion for the program. Lawmakers have been haggling over whether to

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