Partner Jeff Paravano is quoted in an article published April 23, 2020, by S&P Global Market Intelligence. The article, “New Money for Small-Business Loan Program Expected to Run Out Fast,” discusses the additional $310 billion allocated for the Small Business Administration’s emergency loan program.
“What is most interesting about the Paycheck Protection Program's additional $310 billion of funding is that the number, while very large, is a compromise number, not a number based on any data about what demand is expected to be," Paravano told the publication. "Many expect the funding to run out fairly quickly."
Read the article.