Small, senate majority leader mitch mcconnell said the senate thursday will attempt to pass legislation that would bolster a program. The treasury department is asking for more than $250 billion to replenish a new small business loan program that's being, with small businesses falling like dominoes as quarantines and shelter at home orders stiffen banks already staggered by. The covid 19 pandemic has impacted 30 million small businesses if your company is one of them this ever growing list of, small business owners share their frustrating experiences applying for loans through the government's new payment protection. Wells fargo co said it can't fully meet demand from small businesses rushing to participate in a u s relief program, the federal government's paycheck protection program offering $350 billion in loans to small businesses has attracted widespread interest but it's also raised plenty of questions from both borrowers.
Ron desantis stepped in to save renters by suspending residential evictions for at least the next 45 days but the governor, senate majority leader mitch mcconnell is working with senate minority leader chuck schumer to bring legislation to the floor. The federal reserve says it will support the government's $349 billion small business lending program which had a rocky, banks are struggling to handle a massive surge of applications for loans aimed at helping small businesses keep workers on.
The new fed effort which the central bank is rolling out under its emergency lending powers with signoff from treasury