WASHINGTON (Reuters) – The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, with funds allocated on a first-come, first-serve basis, senior Trump administration officials said on Tuesday.
The officials from the U.S. Treasury and Small Business Administration, which are jointly administering the program, said they were making sure the application systems, both in person at SBA lenders and online, would be able to handle high volumes of applications on Friday.
(Reporting by David Lawder; Editing by Leslie Adler)
