Enter the fintech lenders.
Fintech services are able to fast-track their applications because they have the framework figured out — they need only to specify it to the Paycheck Protection Program . Voiles said that the PPP application through QuickBooks starts by calculating the loan amount based on the employer's payroll and could take about 10 minutes to complete. "There are some serious but very manual steps that we can skip if you happen to be a payroll customer at Intuit." In most cases, loans could get to customers' bank accounts the day after they're approved, Voiles said.
Fed needs to cut out banks. List as $FED on exchange, offer guaranteed dividend; raise and lower dividend as economy needs it.
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