PayPal and Intuit, along with recently announced Funding Circle, have been given the green light to begin making loans, with many others partnering with banks to help facilitate lending. Among those partnering with banks, but not directly lending to businesses, are Kabbage and Fundera.
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With Fresh Government Approvals, Fintechs Begin Making Payroll Loans
As many small businesses are struggling to find available paycheck protection loans, the first round of fintechs have been sanctioned by the government to help fill the gap. So reports Inc.
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