Western Union, approved PPP lender

Thursday 14 May 2020 12:54 CET | News

Western Union has been named one of the non-bank approved lenders under the US Small Business Administration's (SBA) Paycheck Protection Program (PPP)

Western Union can now accept applications online and provide assistance to eligible Western Union agents and Western Union Business Solutions clients in the US, according to MobilePayments Today.

As part of the US Government’s Coronavirus Aid, Relief and Economic Security Act, approved applications will gain financial support through the SBA to keep their workforce employed, and business operational. The loan provides funding for payroll, rent/mortgage interest and utilities with no fees applied and no collateral or personal guarantees required. Qualifying loans are fully guaranteed by the SBA.

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Keywords: Western Union, banks, PPP, lenders, Small Business Administration, SBA, Paycheck Protection Program, US, coronavirus, COVID-19, loans
Categories: Banking & Fintech
Countries: United States
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Banking & Fintech

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