Jeff Paravano Talks about Additional $310 Billion Approved for Small Business Emergency Loans

News / April 24, 2020

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.

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