U.S. small banks have processed more than 700 small business relief loans for $2.5 million: Mnuchin
April 03, 2020 at 09:28 AM EDT
U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small-business loans aimed at shoring up the economy during the global coronavirus pandemic, and sounded a positive note about a new program that lenders have greeted with skepticism.