Wells Fargo & Co
FILE - This Wednesday, April 1, 2020 file photo shows the marquee for the Iowa Theater, closed in response to the COVID-19 coronavirus outbreak, on John Wayne Drive in Winterset, Iowa. The $349 billion program approved by Congress to help small businesses devastated by the coronavirus outbreak is expected to be spent quickly after it opens on Friday, April 3, 2020, in part because large franchisees and multi-property companies are poised to claim a disproportionate share as soon as the money starts flowing. (AP Photo/Charlie Neibergall)
Bank expect deluge of desperate businesses seeking loans

By Ken Sweet And Ryan J. Foley Apr. 03, 2020 12:01 AM EDT