Mark Cuban: Some Banks Actively Not Taking PPP Loan Applications
“There are some banks who are actively trying not to take applications and to minimize the number of loans they make through the program,” says investor Mark Cuban. “This is despite the fact that it pays a five percent commission for the loans made on the small businesses. It might take the Treasury Department really pushing some banks who were unwilling participants to start to push some loans out there.” Mega entrepreneur Mark Cuban discusses the difficulties with the launch of Paycheck Protection Program (PPP) designed to help small businesses…
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