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

PPP Loan Program To Reopen Monday
PPP Loan Program To Reopen Monday
April 24, 2020  |  Coronavirus

The Small Business Administration (SBA) expects to start taking applications on Monday (April 27) for the second round of the $310 billion Paycheck Protection Program...

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SBA To Roll Out More COVID-19 SMB Aid Early Next Week
SBA To Roll Out More COVID-19 SMB Aid Early Next Week
April 24, 2020  |  Coronavirus

U.S. Senator Marco Rubio said the Small Business Administration (SBA) will make more financial assistance available early next week for small businesses impacted by COVID-19,...

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Trump Signs $484B Bill For More PPP Loans And Other COVID-19 Relief
Trump Signs $484B Bill For More PPP Loans And Other COVID-19 Relief
April 24, 2020  |  Coronavirus

President Donald Trump signed into law a $484 billion COVID-19 rescue bill Friday (April 24) that includes $310 billion in new money for the popular Small...

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The Week In Payments: Facebook Expands, Travel Rebounds And The Workplace Resets
The Week In Payments: Facebook Expands, Travel Rebounds And The Workplace Resets
April 24, 2020  |  News

After what has felt like the second-longest month in history (with March 2020 being the first), this week marked something of a shift in the news cycle. For the...

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JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
April 22, 2020  |  Loans

While the Payment Protection Program (PPP) was aimed in part at mom-and-pop businesses – and is run through the Small Business Administration (SBA) – it...

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KeyBank On Digitizing In-Person Services With Data Analytics
KeyBank On Digitizing In-Person Services With Data Analytics
April 22, 2020  |  Digital-First Banking

The ongoing COVID-19 pandemic has put a damper on in-branch banking as banks scramble to find ways to continue their business during this crisis. Customers...

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Barclays Rolls Out Coronavirus Loans To Help Large UK Corporates
Barclays Rolls Out Coronavirus Loans To Help Large UK Corporates
April 21, 2020  |  B2B Payments

To support large business banking customers affected by COVID-19 in Britain, Barclays is rolling out its Coronavirus Large Business Interruption Loan Scheme. The bank said...

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Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
April 20, 2020  |  Loans

As the economic collateral damage induced by the COVID-19 epidemic has spread far and wide throughout the nation, leaving nearly 20 million Americans newly unemployed,...

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Restaurants Seek More Aid As April Losses Could Top $50B
Restaurants Seek More Aid As April Losses Could Top $50B
April 20, 2020  |  Coronavirus

With U.S. restaurants facing prospects of losing an estimated $240 billion by year’s end, the industry has asked Congress for more financial aid as the...

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