PayPal has approval to provide SBA citizenship loans (NASDAQ:PYPL)

PayPal Holdings (NASDAQ:PYPL) is among the very first non-bank associations approved to offer access to small business loans throughout the U.S. Small Business Administration Paycheck Protection Program.

The plan, made under the 2.2T coronavirus aid laws, provides to small companies $349B loans which are going to be confused if the debtor continues to cover or re-hires its own employees.

Formerly: Banks captured between requirement for PPP loans along with KYC principles (April 8)

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