$4 billion in PPP loans already yellow flagged. Present reporting implies that $4 billion in PPP debts have been completely red-flagged.

$4 billion in PPP loans already yellow flagged. Present reporting implies that $4 billion in PPP debts have been completely red-flagged.

The good thing? Through salary safeguards regimen (“PPP”), the us government approved approximately $525 billion in debts to around 5.2 million smaller businesses between April and very early August 2020.

Over 5400 lenders prepared these financing. When I mentioned on a podcast with ACFCS back April, the PPP falls under the Coronavirus help, therapy, and Economic Security (CARES) Act and was made to greatly help small enterprises endure the economic downturn brought on by Covid-19. (more…)

Continue Reading $4 billion in PPP loans already yellow flagged. Present reporting implies that $4 billion in PPP debts have been completely red-flagged.