Small business tool Square to roll out coronavirus stimulus loan applications

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Square, the payment tool many small businesses use to process customers' credit cards, said it will begin rolling out stimulus loan applications to its customers, as part of the U.S. government's Paycheck Protection Program.

as Treasury Department approved participants of the U.S. Small Business Administration’s Paycheck Protection Program, which provides aid in the form of forgivable loans for small businesses that use at least 75% of the loan to all employees on their payroll for at least eight weeks.

The payment app said it will begin notifying sellers when their application is available via Square's desktop dashboard application, beginning with employers whose application data Square can verify automatically. The company said it expects to expand access to more small businesses soon. The $350 billion stimulus lending is part of the $2.3 trillion stimulus package that was approved recently by the U.S. Congress.

"We know sellers need financial support now more than ever, and we're committed to making funding accessible to as many small businesses as possible," said Square's Jackie Reses, also in a tweet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DM if you’re interested in being my sugar baby with a good weekly allowance DM WhatsApp +1 863-874-0532

Love this!!

1.8 million people infected by the pandemic globally | 115,000 deaths Latest updates | cases per million population👇 COVID2019 COVID

MichaelBarden8

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unapproved lenders try to sign up borrowers for small business loansOnline lenders, or 'fintechs,' have flooded the small business loan market in recent years. Now some want a piece of the new SBA coronavirus loan program. Greedy fucks Nope i want a piece of carole fuckin bascunts
Source: NBCNews - 🏆 10. / 86 Read more »