Art Penn Quoted in Private Debt Investor Article

Federal Relief: Too Little Too Late?

By Robin Blumenthal – Private Debt Investor

PennantPark founder and Managing Partner Art Penn recently spoke with Robin Blumenthal of Private Debt Investor about the federal relief efforts intended to help companies whose businesses were upended during the disruption of the U.S. economy. While previous iterations of the programs have provided an extensive amount of capital, the Congressional Oversight Commission has suggested that the Fed and Treasury consider lowering the $250,000 minimum loan size to encourage additional lending to small businesses, and expanding the lending program to include experienced non-bank lenders.