Banks depend on PPP goodwill to win hearts of small-business homeowners

Robert Owen’s vintage retailer, DFW M’Antiques, within the eclectic Dallas neighborhood of Bishop Arts, survived to its tenth anniversary in October largely due to the Paycheck Safety Program.

Owen offers excessive marks to his longtime financial institution, which was purchased in 2019 by BancorpSouth Financial institution in Tupelo, Mississippi. Despite the fact that possession modified, the financial institution’s native workers caught round, which paid off for Owen as he navigated the PPP course of.

“It’s the place all my transactions go,” he mentioned in a latest interview. “I’ve been actually proud of them.”

For all of the issue in rolling

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