Fintech giants join emergency loan program for COVID-stricken small businesses

A pair of Silicon Valley finance giants will be joining big banks in offering emergency loans to small businesses through the federal government’s Paycheck Protection Program. PayPal and Intuit QuickBooks said Friday that they got a thumbs-up from the U.S. Small Business Administration to participate in the program, according to CNBC. This means that small businesses can now apply for loans and receive them through these companies, not just through certified banking institutions like Wells Fargo,…