U.S. businesses swarm coronavirus bailout fund after days of confusion

By Hilary Russ, Imani Moise and Andrea Shalal (Reuters) - Like many small business owners, New York City restaurateur Dan Kluger spent his Friday scrambling to apply for a loan under the U.S. government's $349 billion small business bailout fund, which officially launched in the morning. Kluger's regular banker at First Republic Bank had told him on Thursday it could not process his application due to uncertainty over the program's terms, as Trump administration officials were still tweaking the details as late as Thursday night.

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