PPP

The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs.

Source: en.wikipedia.org

Wells Fargo Says Lift Asset Cap To Helps SMBs
Wells Fargo Says Lift Asset Cap To Helps SMBs
April 06, 2020  |  Loans

Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP). But...

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Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment
Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment
April 06, 2020  |  B2B Payments

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying...

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Wells Fargo To Cap SMB Bailout Loans at $10 Billion
Wells Fargo To Cap SMB Bailout Loans at $10 Billion
April 06, 2020  |  Loans

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10...

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BoA Receives $6B In SMB Loan Requests Within Hours
BoA Receives $6B In SMB Loan Requests Within Hours
April 05, 2020  |  B2B Payments

Banks were supposed to start taking applications for the Paycheck Protection Program (PPP) on Friday (April 3), but among the bigger U.S. lenders, only Bank...

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Bumpy First Days As Banks Grapple With SMB PPP Demand
Bumpy First Days As Banks Grapple With SMB PPP Demand
April 05, 2020  |  Loans

Call it a bumpy beginning — and that’s a charitable statement. Friday, banks and other lenders officially opened the gates for applications to the Paycheck...

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Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
April 03, 2020  |  Loans

The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. But is the $350...

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