Due to the economic downturn many companies and businesses have been turning to loans, specifically those signed into law under the Coronavirus Aid, Relief and Economic Securities (CARES), to weather the likely recession caused by the COVID-19 Pandemic. The headliner of the CARES Act loans was the Paycheck Protection Program (PPP) loan. Millions of affected businesses rushed to their banks to apply for these PPP loans and continue to do so in large numbers.
Banks normally process these loans on location ...
Continue Reading →