loans

Fed Turns To Banks For Feedback On Main Street Lending Program
Fed Turns To Banks For Feedback On Main Street Lending Program
April 28, 2020  |  Loans

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to...

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Today In Payments: PPP Loan Site Flatlines On Second Opening Day; Apple Cuts Back Production For New iPhones
Today In Payments: PPP Loan Site Flatlines On Second Opening Day; Apple Cuts Back Production...
April 28, 2020  |  News

In today’s top news, the PPP loan website collapsed after launching its second round of funding on Monday (April 27), and Apple is cutting back...

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Adjusting To The Pandemic With Loans, Apps And Biometrics
Adjusting To The Pandemic With Loans, Apps And Biometrics
April 28, 2020  |  Today In Data

The Paycheck Protection Program (PPP) loans are viewed not only as a “must-have” to navigate the current challenges – they are also seen as tools that can...

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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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Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
April 28, 2020  |  Loans

U.S. Treasury Secretary Steven Mnuchin said he never “in a million years” expected that the Los Angeles Lakers would take a multi-million-dollar federal loan intended...

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PPP Loan Site Sputters On Opening Day Of Second Round
PPP Loan Site Sputters On Opening Day Of Second Round
April 28, 2020  |  Loans

The second round of Paycheck Protection Program (PPP) funding was an instant replay of the first, as the loan network collapsed from the tsunami of...

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Newtek Small Business Finance Has Funded Over $500M For PPP
Newtek Small Business Finance Has Funded Over $500M For PPP
April 27, 2020  |  B2B Payments

Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck...

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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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LA Lakers Return PPP Loan
LA Lakers Return PPP Loan
April 27, 2020  |  Loans

As the U.S. Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned...

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