Banker says Trump’s PPP loans saved American business, and they’re back under Biden

Banks that give out forgivable loans from the federal Paycheck Protection Program (PPP) start taking applications this week from businesses and other employers, for the $147 billion in new funds approved by Congress and President Trump, plus leftover money from last year’s program. “We’ll go live with more PPP loans” this week, said Vernon Hill, chairman of Philadelphia-based Republic Bank, which lent more than $700 million under the original program and its summer extension. “We are not seeing the rush we saw last time,” said Chad Palank, Regional Manager for Business and Professional Banking…

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