Congress approved 0 billion more in small business loans, but the money could run out in days — again

Congress approved $370 billion more in small business loans, but the money could run out in days — again

A customer tastes a beer before ordering a growler to go at Harlem Public in northern Manhattan. April 24, 2020

Spencer Kimball | CNBC

Just when Kal Narvilas thought his loan applications were about to get approved, his bank delivered the bad news — there was no more money left.  

The $349 billion Paycheck Protection Program, ostensibly set up to help small businesses and their employees…

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