Goldman Sachs has upped the ante by another $250 million in the amount of capital it is providing for a federal loan program aimed at small businesses, Reuters reported. The Wall Street icon, which is in the midst of a strategic push into consumer banking,...
A group of Democratic senators has introduced a new Paycheck Protection Program (PPP) for small businesses with 100 or fewer employees, including sole proprietorships and the self-employed, according to a press release. To be eligible for the Prioritized Paycheck Protection Program (P4), businesses must have...
U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will resume payments soon. The Financial Times reported 40 percent of customers granted forbearance continued to make full payments on their...
The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed to build infrastructure. Traditional conduits of lending, including banks and other entities, issue trillions of dollars to keep the wheels...
Chuck E. Cheese, the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. The chain has also approached lenders in the past few weeks to feel out possible interest in...
As some firms grapple with meeting pivotal standards for loan forgiveness amid the pandemic, President Donald Trump signed a bill into law on Friday (June 5) to provide greater spending options to those who receive government Paycheck Protection Program (PPP) loans. The president said that...
As reported, the Senate voted unanimously on Wednesday (June 3) to pass the Paycheck Protection Program Flexibility Act, which had passed the House with a single dissenting vote last week. The bill then headed to the White House for President Trump’s signoff. In terms of...
The U.S. Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for small- to medium-sized businesses (SMBs) to use the money from eight weeks to 24 weeks, CNN reported. It also gives business owners more...
Two Republican Senators are holding up a bill that would extend the end date of the Paycheck Protection Program (PPP) from August until December, Roll Call reported. Florida Sen. Marco Rubio, who chairs the Committee on Small Business and Entrepreneurship, said Sens. Mike Lee of...
