Small Business Administration

Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
May 08, 2020  |  Gig Economy

Businesses and consumers still see the new coronavirus’s reverberating effects upon their finances and lives. Gig workers have been particularly affected by the pandemic, as...

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SBA Shuts Door On SMB Disaster Loans
SBA Shuts Door On SMB Disaster Loans
May 07, 2020  |  Loans

Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The...

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Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan
Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan
May 07, 2020  |  Legal

As the deadline looms for businesses to return Paycheck Protection Program (PPP) loans they were ineligible for, a California software company is suing the Small...

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Banks Extend $500B In PPP Loans To Help Struggling SMBs 
Banks Extend $500B In PPP Loans To Help Struggling SMBs 
May 05, 2020  |  Loans

Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business...

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Kudlow: Third Round Of SBA PPP Loans ‘May Be’ Necessary
Kudlow: Third Round Of SBA PPP Loans ‘May Be’ Necessary
May 03, 2020  |  Loans

Some 2.2 million small business loans totaling $175 billion were extended on Sunday (May 3) in the second round of the Paycheck Protection Program (PPP)....

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Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
May 01, 2020  |  Loans

JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to...

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NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
May 01, 2020  |  Coronavirus

  The COVID-19 pandemic has triggered a massive consumer migration to digital commerce. Consumers living under stay-at-home orders are going online to manage their personal...

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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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