"We are eager to deploy our capital and expertise to do our part in helping small businesses survive this challenging period." Get 5.99 APR for 24 months on purchases of 600+. "This is a race to save jobs in the present and for the future," said Dan Schulman CEO of PayPal in a press release. The organization and fintech members kept pressure on Congress until last week when the Small Business Administration approved PayPal and Intuit QuickBooks to take part in the Paycheck Protection Program. In March, FIN sent a letter to Congress requesting its members be included in the distribution process, citing its members could distribute funding faster due to the technology they used on a regular basis. PayPal said it has provided access to more than 900,000 loans and cash advances, and access to more than $15 billion in funding to more than 305,000 small businesses, which is why it argued strongly to be considered as a lending source for the Paycheck Protection Program. If you didnt receive your PPP loan through PayPal, please contact your loan provider. The organization's goal has been to ensure its members can be part of the distribution chain according to a report on CNBC. From the site, click Log in to Get Started to begin your application. government to distribute the $350 billion set aside to help small businesses, Financial Innovation Now, an industry group representing tech-focused lenders such as Square, Intuit, Stripe and PayPal, has also been working hard. As banks across the country continue to work with the U.S.
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