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Large U.S. banks to take small business loan applications next week: Mnuchin

imageEconomy2 hours ago (Apr 03, 2020 11:11PM ET)

(C) Reuters. FILE PHOTO: FILE PHOTO-U.S. Secretary of the Treasury Mnuchin walks to the meeting for a coronavirus relief package in Washington

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so far.

Mnuchin told Fox Business Network in an interview there was “plenty of money left” in the program and businesses facing issues with applications had plenty of time to do so.

Large U.S. banks to take small business loan applications next week: Mnuchin

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