- posted: Apr. 16, 2020
|US rescue fund for small businesses runs out of cash after all $350bn allocated|
A $350bn US rescue fund for small businesses has run out of cash after Treasury officials and congressional leaders failed to reach a deal to inject new resources.
The Small Business Administration posted a note on its website saying: “The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time.”