Power to Persevere

July 14, 2021

Business

Power to Persevere

Over the past 18 months, small businesses weren't worried about how they received PPP loans, just as long as they did. That's where Springdale fintech firm Teslar stepped in.

  • The background: The Small Business Administration's (SBA) program has been funding small businesses around the country in the wake of the pandemic, helping local companies persevere and recover.
  • Making an impact: Teslar paved the way this year, processing 20% of the PPP loans, accounting for "$22 billion of funding for small businesses across the country." In peak times, the local startup processed up to 80 loans per minute resulting in 1.3mm loans processed.

Learn more about the Springdale-based business and its efforts to help small businesses, HERE.

Story courtesy of AM&P

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