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Michigan Bankers Association

Business Community and Financial Institutions Advise Patience as the Paycheck Protection Program Launches

Financial Institutions offer customers additional help The Community Bankers of Michigan, Michigan Bankers Association, Michigan Credit Union League & Affiliates, and the Michigan Chamber issued the following statement today on the newly launched Paycheck Protection Program: The Paycheck Protection Program (PPP), passed under the Coronavirus Aid, Relief and Economic Security (CARES) Act, launches today, Friday, April 3. The PPP is a loan designed to provide a direct incentive for small businesses to keep their…