A Firsthand Account of a Paycheck Protection Program Loan Application

Businesses around the United States have been significantly impacted by the coronavirus; at LendIt Fintech we postponed our USA event by almost five months and have started to offer digital content; Peter Renton, co-founder and chairman of LendIt Fintech shares his experience in applying for a loan under the Paycheck Protection Program; while LendIt has had a longstanding relationship with a top 10 bank it was ultimately a local community bank which was able to help in a timely manner; at the time of LendIt’s application fintech lenders weren’t yet able to apply to be a PPP lender; LendIt’s application was submitted on April 5 and it was approved the following Friday. Lend Academy

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