Bloomberg Lenders face continued difficulties in issuing financing under the $349 billion small business relief effort the Trump administration launched a week ago in response to the coronavirus outbreak, leaving mom-and-pop firms at growing risk of failure. Banks have been intermittently shut out of the government’s loan-processing system. They’re manually filling out forms — and are forced to start over ...

Bloomberg The Trump administration wants the 12 largest US airlines to repay a portion of the federal grants they receive to cover their payrolls during the coronavirus crisis. The large carriers, which are set to receive more than $100 million in payroll assistance, are being offered aid packages that would require them to repay 30% of the grants through low-interest ...

Bloomberg FedEx Corp is redeploying aircraft it mothballed earlier this year and plans to add 150 flights over the next month to ferry masks, protective suits and other healthcare supplies to the US from Asia. The activity adds to the usual seven to nine daily flights across the Pacific, said Richard Smith, chief of FedEx Express operations in the Americas ...