“Much of the $350 billion in the Small Business Administration’s emergency coronavirus relief fund was effectively spoken for within the first minutes of launch,” NBC News reports.
Said a JPMorgan Chase executive: “We didn’t even get through the first five minutes of applications.”
Key takeaway: “An estimated $1.8 trillion may ultimately be required to meet the needs of small business owners.”
ABC News: Pelosi signals bipartisan deal “very close” for relief on small business fund.
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