ABFJ Podcast: The Paycheck Protection Program and Non-Bank Lenders - a podcast by ABF Journal

In the eighth episode of ABF Journal’s COVID-19-focused podcast series, Andy Sachs, chief operating officer of Robbins, Salomon and Patt, shared his take on these topics and much more. 

More specifically, he discussed how the pandemic has been a double-edged sword for non-bank asset-based lenders and reversed trends from the beginning of the year.

Sachs also spoke about how the PPP may affect interest income and deal flow for lenders, why the second run should last longer and how expanded access to the PPP Liquidity Facility will be particularly beneficial for private small business lenders.  

As far as the reopening of the economy and a potential second spike of the virus, much like Ted Koening mentioned in last week’s episode, Sachs emphasized the importance of dry powder and liquidity.

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