Wells Fargo stops taking applications for PPP loans

Wells Fargo said on the evening of April 5 that it has exhausted its $10 billion capacity for lending under the SBA’s Paycheck Protection Program as the bank operates under a regulatory asset cap. In other words, amid the pandemic-induced downturn tha...

By | 2020-04-06T13:39:16+00:00 April 6th, 2020|Economics|