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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses

PYMNTS

CDFIs — which exist in all 50 states, the District of Columbia, Guam, Puerto Rico and the U.S. This can be done by regulations from Treasury and the SBA,” Rubio said last week. Virgin Islands — offer loan money in times of disaster to businesses that typically can’t get funding from banks.

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

And yet, beyond the patch quilt of states that have accepted marijuana sales, such transactions are illegal on a national level. This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. Apple In The Spotlight. Of particular focus will be payroll advances, according to reports.