This link is interesting. I have had too much to drink to determine what aim the left-leaning Bloomberg folks are pursuing, but what needs to be pointed out is that all the “loans” in question were of money created for the purpose, in the act of writing the proverbial checks.
The Fed solves, and can only solve, problems created by our fractional reserve system. You can’t get into cashflow problems if you never lend money you don’t have.