PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan on Fox Business: Fintech as a Solution to Accelerate Deployment of COVID-19 Capital to Small Businesses

By at 10 April, 2020, 12:29 pm

In an April 10 Fox Business Op-ed – Coronavirus Crisis – Use Fintech’s Innovation, Speed to Help Small Business Survive – SBE Council president & CEO Karen Kerrigan urges federal government leaders and the Administration to deploy fintech as a solution to ease the backlog and friction in the Paycheck Protection Program (PPP), which will help accelerate the deployment of capital to small businesses.

As she notes in the piece:

“American small businesses already serve as a major customer base for leading fintech companies and they can deliver at a speed and scale many of today’s traditional banks and financial institutions simply cannot.

It is critical that their 24/7 technology platforms, innovative products and talent now be put to use to help small enterprises – and the workers, families and communities they support – to survive and subsequently return to prosperity in a post-COVID-19 economy.”

Read the full piece here.

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