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Stock impact report

Applying for small business loans has been tough. But not for these people [MSNBC.com]

Paychex, Inc. (PAYX) 
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Company Research Source: MSNBC.com
Larry Sprung, president of Mitlin Financial in Hauppauge, New York, was able to begin the application process with Bank of America when the Paycheck tection gram opened April 3.A forgivable loan program meant to help ailing small businesses has met with much criticismamid delays, confusion and frustrationBut some small-business owners have successfully applied for the loans, made through the new Paycheck tection gram, with hardly a hiccup.These entrepreneurs appear to have something in common: relationships with representatives inside their bank who helped guide them through the process.Lawrence Sprung, a certified financial planner and financial advisor, was one such owner.Sprung, the president of Mitlin Financial, based in Hauppauge, New York, applied for a $50,000 loan on April 3, the day banks began taking applications.Others weren't as fortunate. Many were locked out due to heavy volume or the absence of a relationship with a bank credentialed to be part of the loan program.And t Show less Read more
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