WASHINGTON (Reuters) – The U.S. Small Business Administration is telling lenders a $350 billion emergency loan program for small businesses designed to help them keep workers on their payrolls is expected to run out of funds imminently, a source familiar with the situation said.
The Trump administration has been pressing Congress to approve further funding for the program, set up to help small business weather a drop in demand due to the coronavirus pandemic, but lawmakers have yet to come to terms on legislation as Democrats push to include other provisions in any bill.
(Reporting by Michelle Price; Writing by Timothy Ahmann)
