Highlight of the Week
FinTech companies approved for SBA loans
- PayPal, Square, Intuit Quickbooks approved to give access to small business loans through the SBA Payment Protection Program.
- Fintehs say their tech lets them approve loans faster than larger banks.
Rate Curves
Rapid Report:
Coronavirus updates (as of Tuesday morning)
- The number of confirmed cases around the world nears 2 million, with nearly 120,000 deaths – according to Johns Hopkins University.
- The US has more than 57,000 cases confirmed with 23,000 deaths – NY continues to lead the way with nearly 200,000 cases and over 10,000 deaths.
- Georgia registered over 13,000 cases and 480 deaths Tuesday morning. About 20% of confirmed patients had been hospitalized at some point.
Coronavirus economic reopening to challenge status quo
- As companies plan to gear up again, a reopening may appear slowly and incrementally. Some firms may bring office workers back in alternating groups to allow for social distancing in open-pan offices. Restaurant chains may operate at half capacity and retail stores suggest doing away with testing items.
- Major League Baseball has discussed a season with no spectators held in a part of the country where it can sequester players for weeks at at a time.
Governor Kemp issues State of Emergency for storm damage
On Monday, 177,000 Georgians went without power after severe tornado-like damage.
