April 6 (UPI) -- The Bank of America said Monday it has seen booming demand for emergency rescue loans while Wells Fargo said Sunday it has already reached its limit for small business customers.
Bank of America said it has received more than 177,000 applications for the Paycheck Protection Program from small businesses asking for $32.6 billion in financing. Its applications account for nearly 10 percent of the amount Congress has allotted for the program.