Posted April 16, 2020
ATLANTA - Small businesses are the lifeblood of the economy. In the age of COVID-19, they are closing up shop at an alarming rate, but money promised through the federal Paycheck Protection Program has already been deposited into accounts.
According to the banking industry, more than $200 billion of the nearly $350 billion available to cover eight weeks of payroll has been loaned out.
Doug Williams CEO and president of Atlanta-based Atlantic Capital Bank said his team has already dispersed several hundred million of dollars through the Small Business Association, prioritizing businesses that are down to only a few days of cash left.
Read the rest here
