04/06/2020

Memo to Bankers: Don't Attack SBA Program, Make it Better

The PPP has been facing significant challenges

As a former bank CEO, small-business investor and bank customer, I want to urge the financial industry:

Please do not let the muddled process of the Small Business Administration’s (SBA) new emergency funding program compromise the need to provide immediate financial support to thousands of small businesses that need cash assistance now.

With more than 10 million jobless claims filed in the last two weeks alone, bankers can no longer use the excuse that their system is stressed, responding with “we appreciate your patience during this time.”

Please select this link to read the complete article from American Banker.