Wells Fargo Says Lift Asset Cap To Helps SMBs
PYMNTS
APRIL 6, 2020
Now, the bank said it can only lend $10 billion of the overall $350 billion the government wants to be sent out to mitigate damage to small- and medium-sized business (SMB) owners during the coronavirus pandemic. But under the restrictions, the bank will only be doing 3 percent of the total aid for the country’s SMB owners.
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