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Front Page » Breaking News » Bankers alert for more changes to federal recovery loan programs

Bankers alert for more changes to federal recovery loan programs

Written by on July 14, 2020

Bankers are reading tea leaves trying to discern possible changes to two federal lending programs geared for recovery from the pandemic-induced national slowdown.

After attending a July 1 roundtable for leaders of small and midsized banks at the Treasury Department with Treasury Secretary Steven Mnuchin and Texas Sen. Ted Cruz to discuss possible changes to the Main Street Lending Program and the popular Paycheck Protection Program (PPP), Miami’s Dan Sheehan, Professional Bank Chairman & CEO, said one possible change to the PPP discussed was the idea of “fast-tracking” forgiveness for smaller loans.

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