Small Business Administration

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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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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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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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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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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Some Smaller Public Cos Opt To Keep PPP Funds
Some Smaller Public Cos Opt To Keep PPP Funds
April 26, 2020  |  Loans

While some of the more than 200 publicly traded companies that received funds from the Paycheck Protection Program (PPP) agreed to return the millions of...

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SBA To Roll Out More COVID-19 SMB Aid Early Next Week
SBA To Roll Out More COVID-19 SMB Aid Early Next Week
April 24, 2020  |  Coronavirus

U.S. Senator Marco Rubio said the Small Business Administration (SBA) will make more financial assistance available early next week for small businesses impacted by COVID-19,...

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What’s Next For PPP: A Banker, An SMB And A FinTech CEO Weigh In
What’s Next For PPP: A Banker, An SMB And A FinTech CEO Weigh In
April 24, 2020  |  Loans

The rollout of the Paycheck Protection Program (PPP) aimed at small- to medium-sized businesses (SMBs) has, by any account, been a wild ride to date....

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