Bank of America said it's seen fierce demand for rescue loans with applications accounting for about 10% of the amount provided by Congress.
Nicholas Kamm | AFP | Getty Imagessaid Monday that it's seen fierce demand for emergency rescue loans with current applications already accounting for nearly 10% of the entire amount allocated by Congress.
The bank was the first major lender to set up and launch its portal for the Paycheck Protection Program though it was quickly inundated with requests.
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