Mnuchin requests boost in funding for Paycheck Protection Program
Treasury Secretary Mnuchin said that he had spoken to congressional leaders to request an additional $250 billion
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Treasury Secretary Mnuchin said that he had spoken to congressional leaders to request an additional $250 billion
Move by nation's No. 1 small business lender to cap total loans at $10 billion could hamper new federal relief program.
Three of the nation's four largest lenders initially wouldn't take loan applications, leaving borrowers in the dark.
Business owners say the process for tapping the $349 billion program is creating "confusion and uncertainty."
The banking industry has had less than a week to prepare for the $349 billion loan program for small businesses.