SBA loan program tapped out, Minnesota companies received $7.6 billion

Apr 17, 20200

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Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room at the White House, Monday, April 13, 2020, in Washington. (AP Photo/Alex Brandon) ORG XMIT: MERd1df407e74337bade4fbe45cb5a91

It's all gone.

Less than two weeks after the federal government launched a $349 billion emergency loan program to help small businesses survive the coronavirus-induced recession, the funds have been exhausted, the U.S. Small Business Administration confirmed Thursday.

https://www.startribune.com/sba-loan-program-tapped-out-minnesota-companies-received-7-6-billion/569696942/

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