Wells Fargo said Sunday evening 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 that has some talking of an impending economic depression, one of the nation’s largest lenders — and Greater Baltimore’s fourth largest lender — will largely be kept on the sidelines. “Today, the company continues to operate in compliance with an asset…
from https://www.bizjournals.com/baltimore/news/2020/04/06/wells-fargo-closes-loan-window-for-sba-relief.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/614660818079973376
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