Mark Cuban believes that businesses looking for funding through the PPP creates too much hassle in an economic crisis and it requires businesses to know exactly how much they need; Cuban believes that a better program would offer overdraft protection for small businesses; it would allow businesses to run negative balances on their bank accounts in order to cover expenses; the Fed would then subsequently make the bank whole at the end of each day; Cuban stated, “The way [Congress] went with PPP—it turned into a traditional banking application with all the concerns that banks are going to have about dealing with credit…The key to me was to make it as friction free as possible for small businesses…Because timing is everything, getting that money to them so they can continue business as usual and retain as many employees as possible, if not all, was critical.” American Banker
