Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
April 29, 2020  |  News

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped...

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Many US Restaurants Say PPP Loans Don’t Meet Their Needs
Many US Restaurants Say PPP Loans Don’t Meet Their Needs
April 29, 2020  |  Loans

An industry trade group said it’s highly likely that many restaurants will return loans from the U.S. Small Business Association’s (SBA) bailout program, the Financial...

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PPP Is No Panacea, But Is Crucial To SMB Outlook
PPP Is No Panacea, But Is Crucial To SMB Outlook
April 28, 2020  |  Coronavirus

From the ongoing saga that is the Payroll Protection Program (PPP), we’ve quickly learned that $349 billion is just a down payment on a revivified...

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Mexican Business Council, IDB To Offer Funds To SMBs
Mexican Business Council, IDB To Offer Funds To SMBs
April 27, 2020  |  B2B Payments

To help support the operations of small and medium-sized businesses (SMBs) as they contend with the economic disruption brought by the coronavirus, IDB Invest and...

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Senators Call For Guaranteed PPP Loans For Small Businesses
Senators Call For Guaranteed PPP Loans For Small Businesses
April 27, 2020  |  Loans

U.S. Senator Amy Klobuchar (D-Minnesota) and 21 of her Senate colleagues are urging the U.S. Treasury and the Small Business Administration (SBA) to make sure...

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SBA Site Slammed As SMB Loan Program Relaunches
SBA Site Slammed As SMB Loan Program Relaunches
April 27, 2020  |  Loans

It didn’t take long for the Small Business Administration (SBA) to become overwhelmed by a deluge of applicants for the latest round of Paycheck Protection...

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Next Round Of $1,200 IRS Stimulus Checks To Go Out Soon
Next Round Of $1,200 IRS Stimulus Checks To Go Out Soon
April 27, 2020  |  Loans

The latest round of checks under the massive U.S. stimulus program is set to go out in the next few days. Get the Full Story...

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The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’
The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’
April 27, 2020  |  Loans

In all manner of life – especially corporate life – where there are rules and legislation, there are paths to follow the spirit and the...

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Second Round Of PPP SBA Loans Now Available
Second Round Of PPP SBA Loans Now Available
April 27, 2020  |  Loans

The race is on. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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