Business owners left out as lending program goes on hold

FUNDING FOR the SBA's $349 billion Paycheck Protection Program has been depleted after it approved nearly 1.7 million loans. / AP FILE PHOTO/CARLOS OSORIO
FUNDING FOR the SBA's $349 billion Paycheck Protection Program has been depleted after it approved nearly 1.7 million loans. / AP FILE PHOTO/CARLOS OSORIO
NEW YORK (AP) – The government’s lending program for small businesses is tapped out, leaving business owners who still need loans waiting for Congress to approve more funding. The Small Business Administration said Thursday that it reached the $349 billion lending limit for the program, after approving nearly 1.7 million loans. Thousands of small business…

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