Heard on the Street: Delta, PPP forgiveness, and why small businesses need nonbank lenders

By August 30, 2021 August 31st, 2021 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Will the Delta Variant Affect Business? Some Small Businesses are Worried:A new survey out this week from Alignable shows nearly half of small business owners believe theirs will be subject to some form of government-imposed restrictions due to the spread of the Delta variant.

Banks Are Opting Out of the Government’s PPP Loan Forgiveness Process: Bank of America, JPMorgan Chase, and PNC have all passed on an SBA policy that would allow small business owners some relief.

Study Reveals Vaccine Policy Rift In Urban Vs Rural And Large Vs Small Businesses: The location and size of companies are two indicators of how likely businesses are to require or encourage vaccination for their employees, new PYMNTS data show. In short, the larger and more urban a company is, the more likely it is to have a policy requiring staff to get the COVID vaccine.

4 Reasons Small Businesses Need Nonbank Lenders More Than Ever: The 2008 financial crisis fundamentally changed the lending market, resulting in reduced small businesses access to capital. A new report titled “The Rise of Finance Companies and FinTech Lenders in Small Business Lending” highlights the rise of nonbank lenders.