Weekly Wrap: PPP’s round 2, Oracle-Boss Insights deal, lessons from Greenhouse

https://bankinnovation.net/allposts/biz-lines/lending/weekly-wrap-get-set-for-ppps-round-2-oracles-deal-with-boss-insights-lessons-from-greenhouse/
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Weekly Wrap: PPP’s round 2, Oracle-Boss Insights deal, lessons from Greenhouse

U.S. House Speaker Nancy Pelosi, a Democrat from California, holds printed talking points during a news conference on Capitol Hill in Washington D.C., U.S., on Tuesday, April 21, 2020. The Senate passed legislation to revive the SBA’s Paycheck Protection Program, U.S. lawmakers are working to advance a broad new stimulus package, or “CARES 2,” which must be transformative and far-reaching, House Speaker Nancy Pelosi and Schumer said in a joint statement. Photographer: Sarah Silbiger/Bloomberg

For many small businesses, the new round of Payroll Protection Program funds is likely to be a godsend. For banks, it could bring another overwhelming rush of desperate borrowers. Many banks are hoping this round of PPP will go smoother — at least somewhat — than the last one. And new technology is being developed …Read More

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https://bankinnovation.net/allposts/biz-lines/lending/weekly-wrap-get-set-for-ppps-round-2-oracles-deal-with-boss-insights-lessons-from-greenhouse/