Big Banks Favor Certain Customers in $350 Billion Small-Business Loan Program

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Big Banks Favor Certain Customers in $350 Billion Small-Business Loan Program
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The big banks’ decision to focus on existing customers could hurt smaller and minority-owned businesses that are less likely to have accounts with them, as well as businesses in rural areas where they have fewer branches

Some small-business owners worry that the pot of money will run out before they are able to dip into it

President Trump signed an historic $2 trillion bill into law in late March aimed at relieving workers and businesses hurt by the novel coronavirus pandemic. WSJ breaks down what is in the package. Photo: G. Ronald Lopez/ZUMA Wire

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