(Bloomberg Businessweek) -- Consider Borrowing from Community Lenders
Bloomberg Opinion columnist Joe Nocera weighs in the problems businesses have encountered in applying to and receiving funds from the SBA's Paycheck Protection Program. Turning to community lenders, rather than national giants, could mean greater success, he suggests.
“It is undeniable that there were problems with the Paycheck Protection Program. But now, with the Senate having passed legislation authorizing $320 billion of additional PPP loans — and the House likely to approve the bill in the next day or so — the important thing is to understand what went awry. With any luck, maybe it'll go better this time around. My advice: Think small,” he writes.
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