WASHINGTON, -- Hundreds of U.S. lenders are struggling to access the technology system for distributing $349 billion of government rescue loans, while the pot of money is insufficient and will soon be expended, a top banking group warned over the weekend.

Congress last month created the unprecedented program as part of a $2 trillion stimulus package to help businesses which have either shut down or have been dramatically curtailed by the coronavirus pandemic. Borrowers could apply for the loans via participating banks from Friday until June 30.

Tuesday, October 20, 2020
Monday, October 19, 2020