#PPP NOTES 1/3:
Community banks have made the overwhelming % of #PPPloans so far.
Most big banks haven’t even started.
Democratic leaders say they want 1/2 the new money in #PPP for community banks but community banks are going to make WAY MORE than just 1/2 the loans as is.
Community banks have made the overwhelming % of #PPPloans so far.
Most big banks haven’t even started.
Democratic leaders say they want 1/2 the new money in #PPP for community banks but community banks are going to make WAY MORE than just 1/2 the loans as is.
#PPP NOTES 2/3:
PPP has some serious implementation issues
Yet over 3500 lenders have approved over 500000 #PPPloans at rate of over $3 billion per hour.
True,the program isn’t ideal yet. But it also isn’t paralyzed if it committed 30% of the funds in its first four days.
PPP has some serious implementation issues
Yet over 3500 lenders have approved over 500000 #PPPloans at rate of over $3 billion per hour.
True,the program isn’t ideal yet. But it also isn’t paralyzed if it committed 30% of the funds in its first four days.
#PPP NOTES 3/3:
PPP is a massive new program,with only 6 days to implement. It was bound to have significant glitches
But every day more of the glitches are being ✔️ off the list & more lenders are participating.
And so far it’s the only part of the #CARESAct thats operational
PPP is a massive new program,with only 6 days to implement. It was bound to have significant glitches
But every day more of the glitches are being ✔️ off the list & more lenders are participating.
And so far it’s the only part of the #CARESAct thats operational
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