White House to hold call with banks as hundreds struggle to access small business loans
Share:
WASHINGTON (Reuters) - The White House was due to speak with banks on Tuesday, as the administration's $350 billion program to support ailing businesses continued to confront hurdles, with some of the nation's largest lenders sitting on the sidelines and others unable to access the system.As of Tuesday, Citibank said it was still not accepting loan applications under the program, which began on Friday, while Wells Fargo & Co , which has capped lending under the program at $10 billion, said it..