Banks Warn of 'Utter Chaos' in New Small Business Lending Program

Featured: James (Jay) M. Brower, Jr  |  April 3, 2020

Jay Brower, state and local tax Partner, was recently featured in an NBC News article titled “Banks Warn of 'Utter Chaos' in New Small Business Lending Program.” The article discusses the lack of guidance for business owners and lenders concerning loans administered under the Small Business Administration (SBA) Paycheck Protection Program, which started at midnight on April 3. As a result, banks are unsure of how to lend the money, and some haven't even decided whether they can participate on opening day.

Read More: NBC News

About James (Jay) M. Brower, Jr

James (Jay) M. Brower, Jr

Jay Brower, CPA, is a Partner of corporate and individual tax compliance and research services at Marks Paneth, LLP. He has more than 20 years of professional experience at the federal, state, and local levels. Mr. Brower's duties also include the development of tax planning and implementation strategies, as well as education and development of the firm's professionals. Mr. Brower provides tax planning and compliance services to clients in the manufacturing, commercial fishing, telecommunications, professional... READ MORE +

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