Subscribe to The Financial Brand via email for FREE! For much of 2020, the Paycheck Protection Program loan narrative ran this way: "Big banks stumbled, community institutions pulled out all the stops to help customers, fintech lenders wowed the crowd with slick tech." That came to be the accepted truth.
The Financial BrandAtlanta has emerged as a budding startup hub with a list of newly minted unicorns and growing venture capital interest in recent years. The city's allure has even attracted the likes of home rental giant Airbnb, which recently decided to locate its East Coast engineering hub there.
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Last year was a tumultuous one for many individuals and small businesses, but fintechs have helped expand access to financial services during the pandemic. A recent study, which garnered data from 1,385 fintechs in 169 jurisdictions from mid-June to mid-August, showed most firm types in this space reported strong first-half growth compared with the pre-pandemic period a year earlier.
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NY Market ReportsAnother Georgian is being accused of fraudulently securing funds from the Paycheck Protection Program (PPP). Jakim Pearson, a Stone Mountain resident, allegedly submitted an application for a PPP loan through online lender Kabbage Inc. at the end of June 2020, according to court documents filed on Feb. 18. The U.S.
Atlanta Business ChronicleThe Biden-Harris administration increased lending to small businesses through the Paycheck Protection Program, or PPP. During his White House remarks on Monday, President Biden said starting Wednesday, small businesses with fewer than 20 employees can apply here to see if they are eligible.
Today News AfricaQ4 2020 Green Dot Corp Earnings Call
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