Square’s head of lending thinks the PPP still needs more changes to help the smallest businesses

by Kehlani Alani

Small businesses recently got a big extension to use funds for the Paycheck Protection Program to help them stay afloat amid the crisis—but even that might not be enough time for America’s tiniest businesses.

Many small businesses and sole proprietors are still struggling to reopen and rehire employees as states reopen across the country, and people like Jackie Reses, who heads up PPP loans as head of Square Capital, wonder if the extended 24-week time frame to use funds for the program may not be enough.

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