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.

FILE PHOTO: People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fayetteville, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford

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

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