For the last week, a veritable tidal wave of small- to medium-sized business (SMB) owners have been lining up to apply for Paycheck Protection Program (PPP) funds — a $350 billion segment of the $2 trillion in government stimulus passed as part of the CARES Act a little less than two weeks ago. Small business owners pushed rapidly and unexpectedly to the brink of survival are clamoring for funds; money that various federal officials promise daily will be swiftly delivered.

But will they? That is a far more complicated question that most people realize, Ingo Money CEO Drew Edwards and Planters First Bancorp CEO Dan Speight told Karen Webster when they rejoined her for a second week of On The Agenda digital discussion on the PPP and how it will be disbursed. So far, Speight told Webster, it has been an incredibly long, “tough week” full of confusion, half-answered questions and still more clarity needed. Reducing the problem to its simplest terms, he noted: one week in, and there are just too many things that all bankers don’t know.

Watch the virtual panel at