Paycheck Protection Program Reopens As Small Business Owners’ Optimism Wanes
The Paycheck Protection Program reopened Friday with a more finessed approach, as small business optimism is waning.
District Director for the Montana Small Business Association District Office Brent Donnelly says when the program was first rolled out early in the pandemic, the SBA’s goal was to get loans out as quickly as possible.
"The frenzy of that first round of funding had our banks so busy that they were just trying to serve as many folks as they can."
Now, he says, the SBA is able to use the lessons of that rollout to simplify the process and provide better guidance.