Rocketing buy now, pay later stocks accepted US PPP loans
The buy now, pay later stocks storming the ASX drew on America's small business lifeline, the Paycheck Protection Program, to obtain potentially forgivable loans targeted at struggling delis, salons and doctors to avert devastating job losses at the height of COVID-19, US Treasury disclosures reveal.
Sezzle, Splitit and Zip's QuadPay are among several Australian or US-Australian companies that joined Tito's Restaurant in San Antonio, Texas, and Gulf Coast Plumbing in Tampa, Florida, and hundreds of thousands of other businesses in accepting relief.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles