U.S. loan program hits $350 billion cap leaving thousands of small businesses adrift
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WASHINGTON (Reuters) - A $350 billion emergency U.S. loan program to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of funds, the U.S. Small Business Administration said on Thursday.That has left thousands of small business across the country, which have been forced to shut down in order to stem the outbreak, without badly needed funds to keep them afloat."The SBA is currently unable to accept new applications for the Paycheck Protection..