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Economics in Brief: Small Businesses Happy With PPP Loans from CDFIs


Among the small businesses that rated their PPP loan experience as “satisfied:”
70 percent applied through a CDFI;
61 percent applied through a small bank;
48 percent worked with a credit union;
41 percent obtained their loan through a large bank; and
Only 18 percent of applicants who used a fintech company for their loan were satisfied.
The survey also found that fintech companies were less likely to approve loan applications, or they approved smaller amounts than what the businesses requested. Less than half (47 percent) of those who applied for a PPP loan through an online lender got the full amount they requested.
Alarm Raised Over Racial Disparities in How Loans Are Modified for Small-Business Owners ....

United States , Ann Baddour , Lending Program , Texas Appleseed Fair Financial Services , Paycheck Protection Program , National Community Reinvestment Coalition , Federal Reserve , Small Businesses Happy With , American Banker , Raised Over Racial Disparities , How Loans Are Modified , Lenders Got Millions , Texas Appleseed , Fair Financial Services Project , Main Street Lending Program , ஒன்றுபட்டது மாநிலங்களில் , ஆண்டு படுடௌூறு , கடன் ப்ரோக்ர்யாம் , டெக்சாஸ் ஆஃப்லஸீட் நியாயமான நிதி சேவைகள் , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , தேசிய சமூக மறு முதலீடு கூட்டணி , கூட்டாட்சியின் இருப்பு , சிறிய வணிகங்கள் சந்தோஷமாக உடன் , அமெரிக்கன் வங்கியாளர் , எழுப்பப்பட்ட ஓவர் இன ஏற்றத்தாழ்வுகள் , எப்படி கடன்கள் உள்ளன மாற்றப்பட்டது ,