PPP loans

Would-Be PPP SMBs Skip The Funding Over Audit Fears
Would-Be PPP SMBs Skip The Funding Over Audit Fears
May 01, 2020  |  Coronavirus

Before the forgiveness … comes the audit. And audits, as we all know, strike fear into the hearts of, well, pretty much everyone, whether financial...

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The Post-Pandemic SMB Restart, Localized Payments, PPP Audits Top This Week’s News
The Post-Pandemic SMB Restart, Localized Payments, PPP Audits Top This Week’s News
May 01, 2020  |  News

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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DOJ Finds Evidence Of PPP Loan Fraud
DOJ Finds Evidence Of PPP Loan Fraud
May 01, 2020  |  B2B Payments

Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program...

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PPP’s Banker Versus Borrower Dilemma
PPP’s Banker Versus Borrower Dilemma
May 01, 2020  |  SMBs

Since the launch of the Paycheck Protection Program (PPP) in early April, the single-minded focus of the U.S. Treasury, the banks approved to process PPP loans and...

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JPMorgan Chase Submits Nearly $18B In PPP Loans
JPMorgan Chase Submits Nearly $18B In PPP Loans
April 30, 2020  |  Coronavirus

JPMorgan Chase & Co. told its small business clients that the New York financial services company has submitted 220,000 applications this week to the Paycheck...

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Big Banks Temporarily Shut Out Of SBA’s PPP Loan Portal
Big Banks Temporarily Shut Out Of SBA’s PPP Loan Portal
April 29, 2020  |  Coronavirus

For the first time since a small business loan program was launched, small lenders have been moved to the front of the line. On Wednesday...

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Mnuchin: All PPP Loan Recipients Will Face Audits
Mnuchin: All PPP Loan Recipients Will Face Audits
April 29, 2020  |  Coronavirus

Businesses that borrow money through the federal Paycheck Protection Program (PPP) can expect to be audited before the loans are forgiven, Treasury Secretary Steven Mnuchin...

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PPP Resumes Operation, But Delays Continue
PPP Resumes Operation, But Delays Continue
April 27, 2020  |  Coronavirus

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27)...

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Digital-First Banking Has Connections
Digital-First Banking Has Connections
April 27, 2020  |  Digital-First Banking

You’ve got to hand it to the internet. A pandemic breaks out, everyone’s ordered to work at home or just plain stay at home —...

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