Wells Fargo Receives Strong Interest in the Paycheck Protection Program (PPP)
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Business Wire
Intake from customers indicates Wells Fargo has reached its capacity of $10 billion to lend under the PPPWill focus lending to nonprofits and small businesses with fewer than 50 employeesWill give fees received under program to nonprofits focused on small business SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today it is targeting to distribute a total of $10 billion to small business customers under the requirements of the PPP and will focus on serving two segments of its customer population: nonprofits and small businesses with fewer than 50 employees. The company has received forms from customers expressing interest in the PPP that it expects will fill the company’s capacity to lend under the program, as it continues to operate under existing asset cap limitations.“Since the beginning of this health crisis, Wells Fargo has provided substantial credit and liquidity to our customers to help them weather these uncertain times. In the month of March alo
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- WFC's page on the SEC website