Fintech Firms Lobby For Role In Sending Relief Funds To Small Businesses, Saying Government Can’t Move Quickly Enough [Forbes]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Forbes
With many small business owners in danger of running out of cash as their businesses remain closed in the coronavirus crisis, fintech companies are lobbying to disperse government relief funds to them. They say that using the digital platforms they have developed to lend money and process payrolls will be quicker than going through traditional Small Administration (SBA) procedures for disaster relief. The current hotly debated Republican economic relief package bill, under which the SBA would disseminate aid to small businesses, along with relief to workers and big companies, gives the agency 30 days to determine relevant rules before it starts accepting applications for capital. Many in the small business community say that by that point, many businesses, particularly very small ones with inadequate cash reserves and no money coming in, will already have closed. The American Institute of CPAs (CPA), the International Franchise Association, payroll processor Paychex and accounting so
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News
- Elevate Honored with 2024 HR Tech Award for AI Innovations in Employee Benefits [Yahoo! Finance]Yahoo! Finance
- Paychex Declares a 10% Increase to Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Paychex Declares a 10% Increase to Quarterly Cash DividendBusiness Wire
- Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job Market [Yahoo! Finance]Yahoo! Finance
- Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job MarketBusiness Wire
PAYX
Earnings
- 4/2/24 - Beat
PAYX
Sec Filings
- 4/18/24 - Form 3
- 4/17/24 - Form 4
- 4/16/24 - Form 8-K
- PAYX's page on the SEC website