Wisconsin banks help businesses obtain $8.3 billion in PPP
11 May 2020
State
Wisconsin banks stepped up last month to help 43,400 of the state’s small businesses obtain more than $8.3 billion in federal Small Business Administration Paycheck Protection Program funds.
Quick action by banks pushed Wisconsin to near the top in processing loan requests, according to Rose Oswald Poels, president and chief executive officer of the Wisconsin Bankers Association.
“We’re proud to say that Wisconsin was 14th in the country in terms of appropriations. The banks were proactive right away. There was only $349 billion available for the first round of the program,” Poels said.
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