June 23, 2020

Long Island Press quoted Advisory Partner Richard Izzi in an article about the difficulties faced by small businesses in obtaining forgivable PPP loans.

Long Island Press

By Claude Solnik

Long Island Press quoted Advisory Partner Richard Izzi in an article about the difficulties faced by small businesses in obtaining forgivable PPP loans. Paycheck Protection Program

Excerpt:

Richard Izzi, a partner in transaction advisory services at Manhattan-based Marcum LLP, which has large Melville operations, says many companies didn’t get loans the first time around due to demand, regardless of amount. He says many companies in the second round often got funded “through banks with which they didn’t have a previous relationship.”

“They were overwhelmed,” he says of banks, citing a $2 million loan not obtained in the first round, but later approved.

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Richard A. Izzi

Richard A. Izzi

Partner-in-Charge, Transaction Advisory
Services Group, NY Metro Region

  • Advisory
  • New York, NY