Thomas Wells is sympathetic to the hundreds of small businesses that have been knocking on the doors of his bank’s 59 branches this week. They all want to know how to apply for a loan through Washington’s massive new program that aims to stop Main Street from collapsing during the coronavirus pandemic.
A $350 Billion Loan Program Is Supposed To Save Small Businesses. But Banks Are Balking.
Philip Elliott, Time: Politics
Fri, 04/03/2020 - 1:06pm
Topics: thomas wells washington s main street wells first ldquo;what ceo chicago-based states that president donald trump despite white house pittsburgh-based pnc labor treasury secretary steven mnuchin small business administration sba observers paul winfree trump white house heritage foundation trump administration mnuchin wells&rsquo federal reserve there cynthia blankenship west texas jp morgan chase in ldquo;there paul merski wells we i wells first america white house pnc department mnuchin treasury s sba small business administration jp morgan treasury department blankenship bank co independent community bankers loan program loans thursday money government lenders customers open ready told concerns run doors staff congress debt lot largest form budget buy prepared challenges opened ten borrow numbers work wouldn board books levels repay they’ve start carry leads hope unclear checks global set doesn total economy smaller cash rate unsure
BING NEWS:
- President Biden Signs Law to Deliver Funding to SBA to Reopen its Disaster Loan Program and Support Recovery in Communities across the Country
The SBA’s disaster loan program plays a vital role in helping communities recover by filling market gaps and providing the resources survivors need to rebuild stronger,” said SBA Administrator Isabel ...
12/21/2024 - 7:30 am | View Link - New firm specializes in managing small-business loans for banks
The banker left Ladue-based Saint Louis Bank in July to start the firm, a venture he said he’s considered for about a decade.
12/17/2024 - 6:34 am | View Link - More
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