U.S. small-business rescue loan program hits $350 billion cap, says government

WASHINGTON (Reuters) - A $350 billion emergency U.S. loan program designed 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 in an email on Thursday."The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding," the SBA also said on its website on Thursday, adding that as a result it could not enroll new lenders in..