Today In Payments: Fed Plans New Facility For SMB PPP Loans; SBA Computer Crash Tangles PPP Loan Process
Not all businesses can produce masks or ventilators, but FinTechs are in a unique position to help extend relief to coronavirus-impacted SMBs. Bottomline Technologies CEO Rob Eberle told Karen Webster how his company came to launch a solution designed to ease the PPP loan-application burden and how B2B FinTechs can help more broadly as massive disruptions force firms to prioritize payments and finance digitization.
Bottomline To Assist Small Businesses Applying for Funding
PORTSMOUTH, NH – Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced an initiative to help the nation’s banks provide assistance and relief to small businesses adversely affected by the COVID-19 pandemic.
Bottomline CEO: How FinTech Gets Creative to Extend Coronavirus Relief
While some firms are adjusting the assembly lines of their manufacturing warehouses to produce much needed personal protective equipment, FinTechs have found themselves in a different position to provide valuable assistance. Read on to learn about what Bottomline is doing.
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