As the first full week of the Paycheck Protection Program kicked into gear, glitches and questions remained, but funding appeared to moving through the system.
Although Small Business Administration-approved lenders and larger banks seemed to get the first spots in line since Friday, new lenders trying to work with SBA on the program struggled to get onboarded. In the credit union industry, that difficulty has been felt acutely.
NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt talked with Dodd Frank Update about the challenges and opportunities credit unions have to help small businesses around the country.