Scott Latham, President and CEO Alabama Bankers Association

Scott Latham, President and CEO Alabama Bankers Association

In downtown guntersville.

We want to stay on the payment protection program for another few minutes now.

We're joined by scott latham -- the president and c-e-o of the alabama bankers association.

Thank you for coming on the show this afternoon.

- what are the eligibility requirements under the paycheck protection program?

- there was a lot of frustration intially that larger banks were shutting out smaller institutions - and the businesses they represent - by flooding the program with requests and essentially gobbling up all the money first.

Has that been addressed?

- what are the terms of a paycheck protection program loan?

- are you seeing a lot of farmers and ranchers applying for the p-p-p loans?

- what documentation do business owners need to provide?

- the latest data i've seen - dated may first - showed that alabama had approved 69- percent of p-p-p loans in rounds one and two.

That's more than florida or georgia - but less than mississippi and tenessee.

Why is that?

And what are you doing to get those numbers up?