What lenders need to consider as they work with small businesses on obtaining PPP loans
As the global economy continues to struggle during the COVID-19 pandemic, the U.S. government has pledged $284 billion in loans under the Paycheck Protection Program (PPP) to help small businesses cover payroll and benefits for out-of-work employees, as well as other costs. This is the third tranche offered to small businesses through the PPP, and the first since last April, for a total of relief funding exceeding $900 bil...