U.S. Doubles Small-Business Loans’ Rate to 1% After Lenders Balk
An employee counts a stack of U.S. 100 dollar banknotes. (Photographer: Paul Yeung/Bloomberg)

U.S. Doubles Small-Business Loans’ Rate to 1% After Lenders Balk

(Bloomberg) -- The Small Business Administration has bumped up to 1% the interest rate lenders may charge small businesses under a $350 billion U.S. relief program after lenders complained that the...
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