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Strictly Business

Apr 22, 2020

Three top entertainment industry bankers go deep on the details of the Small Business Administration’s Paycheck Protection Program loans. Martha Henderson, Stephanie Dalton and Lori Badgett of City National Bank describe two weeks of round-the-clock loan processing on behalf of clients in the pandemic crisis loan program designed to help companies with 500 employees or less keep workers on the payroll for at least two months. The trio describe the footrace to secure as much money for clients before the $349 billion fund ran dry, and they discuss the prospects for Congress approving additional funding for SBA relief programs.