CNN Business | Small business loan funds are tapped out: Here’s what owners need to know now

It took just under two weeks.

That’s how quickly the nearly $350 billion allocated for forgivable small business loans in the Paycheck Protection Program was depleted.

Participating lenders had predicted the swift exhaustion of funds because they already had tens of thousands of small businesses waiting to apply once the first-come first-served program launched on April 3.

Here’s what small business owners need to know now: —more—