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KM Financial Solutions | Wells Fargo caps government small business lending at $10 billion
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Wells Fargo caps government small business lending at $10 billion

05 Apr Wells Fargo caps government small business lending at $10 billion

Posted at 01:53h in News by
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Wells Fargo & Co said late
Sunday that it will cap its participation in the federal small
business rescue program at $10 billion due to regulatory
constraints.
The San Francisco-based lender said it has likely reached
capacity based on the applications it has already received. The
bank launched its application portal on Saturday.
(Reporting by Imani Moise; Editing by Tom Hogue)

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