SMBs Turning To FinTechs For PPP Funds As Big Banks Focus On Clients

Many small businesses that were relying on the Paycheck Protection Program (PPP) to survive through the COVID-19 pandemic found themselves shut out of the first round of funding. In less than two weeks, $349 billion was claimed by around 1.6 million small business owners, which is only about 6 percent of America’s small businesses — leaving 94 percent of SMBs, many with applications pending, still waiting for help...