Companies across a wide swath of industries have found ways to give back to communities in their time of need amid the COVID-19 pandemic.

Part of the stimulus package to aid small businesses, the Paycheck Protection Program has hit a bottleneck, according to Brock Blake, CEO of

Fintech companies have long touted their ability to bank the unbanked, but the coronavirus pandemic is giving them a chance to put their money where their mouths are.

The Treasury Department and the Internal Revenue Service have launched a website for Americans who didn’t file their taxes for 2018 or 2019 to submit their bank account information so they can receive their coronavirus stimulus check.

By Wednesday, day four of the program, some $80 billion of the $350 billion promised to small businesses in relief loans had been processed. But few lenders, if any, have begun funding any loans, meaning it could still be weeks before businesses receive the relief they desperately need right now.

Digital banking startup SoFi has agreed to acquire payments startup Galileo Financial Technologies for $1.2 billion.

Lenders are raising serious concerns about the Payroll Protection Program, which was scheduled to launch Friday, citing a lack of information from the government on how and if the emergency loan program will even work and leading some to opt out of it.

The Payroll Protection Program, the centerpiece of the three small business lending programs outlined in the CARES Act, is designed to help businesses keep their employees at a time when income is mostly on pause but expenses are not.

The fintech industry has been working with the U.S. government to ensure America’s 30 million small businesses receive their relief funds as quickly as possible.

Coronavirus stimulus checks are going to be distributed in the next three weeks, the Internal Revenue Service said Monday, and offered a little bit more clarity on how people can actually get their payments.