Rising to the PPP Challenge
The federal Paycheck Protection Program was built for speed — get Congress to expedite the loan funding and then get it out ASAP to small businesses reeling from the coronavirus shutdowns. But in all of the well-meaning haste, banks have been challenged to make the nuts and bolts of the program work on a hurry-up schedule, and with so much competition for a limited pot of money.
On this week’s podcast, we speak with Brian Mauntel, president of Heartland Bank in central Ohio about how his community institution quickly worked through the obstacles of PPP and delivered for its small business customers.
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Terry Badger is the managing editor at BAI. Read more about Terry’s background and how he recently joined BAI.
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