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Stock impact report

Hancock Whitney Provides $1.7 Billion in SBA Funds to Help Local Businesses

Hancock Whitney Corporation (HWC) 
Last hancock whitney corporation earnings: 4/28 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
GULFPORT, Miss., April 20, 2020 (GLOBE NEWSWIRE) -- During the two weeks during which federal dollars were available for the first round of the U.S. Small Business Administration Paycheck Protection Program (PPP), Hancock Whitney (Nasdaq:  HWC) provided $1.7 billion in SBA-approved funding for 4,893 loans to help local businesses and the people who work for them stay financially afloat amid the economic impacts of the novel coronavirus. Of the approximate $1.7 billion in funds, 77 percent were for small businesses requesting $350,000 or less, an additional 13 percent were for loans between $350,000 and $1 million, and another 4 percent were between $1 and $2 million. “Our team mobilized quickly and has done an exceptional job processing thousands of applications in a very dynamic and changing environment. We were able to help our small business clients keep their teams employed and ready to reopen,” said Hancock Whitney President and CEO John M. Hairston. Hancock Whitney be Show less Read more
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