For the last week, a veritable tidal wave of small- to medium-sized business (SMB) owners have been lining up to apply for Paycheck Protection Program (PPP) funds — a $350 billion segment of the $2 trillion in government stimulus passed as part of the CARES Act a little less than two weeks ago.
Read more here: https://www.pymnts.com/news/banking/2020/two-things-keeping-ppp-funds-from-flowing-into-smb-bank-accounts/