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04-04-2020, 06:08 PM #1
- Join Date
- Aug 2016
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- 486
Bank of America Changes Paycheck Protection Program Rules After Criticism.
Bank of America ended up changing its position with Chief Executive Brian Moynihan telling CNBC Friday that applicants no longer needed an existing lending relationship with the bank to access the funds.*
Bank of America says that it has already received 60,000 applications with paycheck protection program loan requests totaling over $6 billion.
Meanwhile the U.S. Small Business Administration said that 5,218 loans valued at more than $1.8 billion had been received.
https://www.thestreet.com/investing/...fter-criticismLast edited by Winning; 04-04-2020 at 06:13 PM.
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