A number of fintech companies -- many of them household names -- can now participate in the federal government's Paycheck Protection Program.
would flow to underserved communities that he called"banking deserts" -- counties where banks have closed since the 2008 financial collapse.
Square -- which has millions of sellers globally, with most in the U.S. -- plans to start taking applications this week, according to spokeswoman Katie Dally who told ABC News that the company sees this as a huge opportunity to help sole proprietors and independent small business owners.A pedestrian passes a business which has closed temporarily in San Antonio, Texas, March 24, 2020.
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