U.S. telling lenders small business fund to run dry imminently - source

The U.S. Small Business Administration is telling lenders a $350 billion emergency loan program for small businesses designed to help them keep workers on their payrolls is expected to run out of funds imminently, a source familiar with the situation said.

The Trump administration has been pressing Congress to approve further funding for the program, set up to help small business weather a drop in demand due to the coronavirus pandemic, but lawmakers have yet to come to terms on legislation as Democrats push to include other provisions in any bill.