Blog Post Test 4

Blog Post Test 4

Bank employees toiled overnight on the program and shifted workers into loan processing roles to handle the expected deluge of applications. The latest version of the government’s borrower application form was posted on Treasury’s website at 10:30 p.m. Thursday night, according to an industry source.

Treasury Secretary Steven Mnuchin said Thursday that the Paycheck Protection Program would be “up and running” on Friday. At 8:42 a.m., he tweeted that community banks “have already processed over 700 loans” for a total of $2.5 million. Then a minute later, he tweeted that “large banks expected to go live soon this morning,” without naming the lenders.