loans

Federal Reserve Extends Reach Of Main Street Lending Program
Federal Reserve Extends Reach Of Main Street Lending Program
April 30, 2020  |  Loans

The Federal Reserve is extending its $600 billion Main Street lending program to reach small and medium-sized businesses (SMBs) hit by the coronavirus pandemic, the...

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The Complicated Picture Of Banking Cannabis SMBs
The Complicated Picture Of Banking Cannabis SMBs
April 30, 2020  |  B2B Payments

As the narrative goes, legal cannabis companies, often small- to medium-sized businesses (SMBs), are forced to rely on cash for both B2B and B2C payments....

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JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans
JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans
April 30, 2020  |  Loans

JPMorgan Chase was the biggest saver of funds in an effort by banks around the world to get ahead of a spate of bad loans...

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AICPA Calls On Fed For AR Financing Program
AICPA Calls On Fed For AR Financing Program
April 29, 2020  |  B2B Payments

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make...

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Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP Funds Given To Larger Firms Returned
Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP...
April 29, 2020  |  Loans

The coronavirus pandemic is disrupting businesses large and small. While the Paycheck Protection Program (PPP) was intended to help small- to medium-sized businesses (SMBs) weather...

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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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WhatsApp Considers Extending Loans To Indian Users
WhatsApp Considers Extending Loans To Indian Users
April 29, 2020  |  International

WhatsApp in India is considering a move into credit and lending so it can extend loans to users in the country, according to a report...

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Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
April 29, 2020  |  Loans

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury...

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Hong Kong Alt-Lender Oriente Raises $50M
Hong Kong Alt-Lender Oriente Raises $50M
April 28, 2020  |  B2B Payments

Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia. Get the Full Story Complete the form to...

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