Extending the TAG program is good for small businesses
The TAG program of guaranteeing business checking accounts is important for small banks and small businesses. Paul Merski joins Jim Blasingame to explain what the Transaction Account Guarantee program is, why it should be extended and why you should care.
Category:
Banking, Investors, Capital, Government, Politics
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Paul Merski joins Jim Blasingame to report on a concerted effort by community banks to encourage Congress to allow for expensing of payroll covered by PPP, and avoid legal jeopardy with employees and customers upon reopening.
Paul Merski joins Jim Blasingame to report on state community bank organizations and Independent Community Banks of America (ICBA) encouraging Congress to take specific steps to help small businesses with their PPP loans.
Paul Merski joins Jim Blasingame to report on the amazing job community banks performed under extreme duress during the initial coronavirus shutdown, by fulfilling 66% of all Paycheck Protection Program loans.
Paul Merski joins Jim Blasingame to offer his thoughts on what the economy will look like after we all go back to work, including every reason to expect a robust bounce-back later in 2020.
Paul Merski joins Jim Blasingame to discuss how loan underwriting will have to change as banks fulfill the CARES Act through their relationship with the SBA.
