Round Two of the PPP Opens Today Amid Huge Demand

The second round of the Paycheck Protection Program launched this morning at 10:30am ET; Congress approved $484 billion in additional relief with $320 billion allocated to the PPP; $60 billion of this is set aside for smaller lending institutions; the law was signed by President Trump on Friday; when the PPP first launched there were very few lenders who were ready; some of the funds went to large companies, of which some were publicly traded companies; while Congress split the total funding into two tiers, there was no money set aside for fintech lenders and there is no money targeted towards the smallest of small businesses; Peter Renton, co-founder of LendIt Fintech shares how fintech lenders could have been central to round two of the PPP and the new measures set by the SBA and Treasury; it is expected that the funds will be fully allocated by the end of day tomorrow barring any tech hiccups. Lend Academy

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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