Fintech Firms Lobby For Role In Sending Relief Funds To Small Businesses, Saying Government Can’t Move Quickly Enough [Forbes]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Forbes
With many small business owners in danger of running out of cash as their businesses remain closed in the coronavirus crisis, fintech companies are lobbying to disperse government relief funds to them. They say that using the digital platforms they have developed to lend money and process payrolls will be quicker than going through traditional Small Administration (SBA) procedures for disaster relief. The current hotly debated Republican economic relief package bill, under which the SBA would disseminate aid to small businesses, along with relief to workers and big companies, gives the agency 30 days to determine relevant rules before it starts accepting applications for capital. Many in the small business community say that by that point, many businesses, particularly very small ones with inadequate cash reserves and no money coming in, will already have closed. The American Institute of CPAs (CPA), the International Franchise Association, payroll processor Paychex and accounting so
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News
- Paychex, Inc. (NASDAQ: PAYX) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $148.00 price target on the stock.MarketBeat
- Paychex Inc (PAYX) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic Innovations [Yahoo! Finance]Yahoo! Finance
- Paychex CEO John Gibson goes one-on-one with Jim Cramer [CNBC]CNBC
- Why Paychex Stock Topped the Market Today [Yahoo! Finance]Yahoo! Finance
- Paychex Q2 Earnings & Revenues Surpass Estimates, Increase Y/Y [Yahoo! Finance]Yahoo! Finance
PAYX
Earnings
- 12/19/24 - Beat
PAYX
Sec Filings
- 12/19/24 - Form 10-Q
- 12/19/24 - Form 8-K
- 12/4/24 - Form 4
- PAYX's page on the SEC website