Entrepreneurship

The Role of FinTech in the Paycheck Protection Program

This study examines the role of FinTech lenders in disbursing Paycheck Protection Program (PPP) loans during the Covid-19 pandemic. It reveals that FinTechs were notably effective, extending loans over larger distances and catering to newer businesses located in areas with less bank competition. The findings provide comprehensive insights into PPP loan distribution by financial technology companies.