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Stock impact report

Lenders struggle to deliver virus relief to small business [MSN Money]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: MSN Money
(Bloomberg) -- Lders face continued difficulti in issuing financing under the $49 billion small busins relief effort the Trump administration launched a week ago in rponse to the coronavirus outbreak, leaving mom-and-pop firms at growing risk of failure.© BloombergBanks have be intermitttly shut out of the governmt’s loan-procsing system, including again Thursday. They’re manually filling out forms -- and are forced to start over if the network freez. Lders are pecially galled over unclear guidance and confusing paperwork: after qutioning the use of a sample loan form dating from 00, they were told they could use their own documts instead.“We’re all for the program -- everything about it in theory is right,” saidHeidi BrownCustomers are coming in or calling constantly because they have either be forced to close or dramatically reduce hours, Brown said, and they’re concerned. “They’re dperate to get in line for the help. Unfortunately we can’t answer all their qutions.”Time is short to Show less Read more
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