small business

SBA Says It Has Approved 1.6M PPP Loans

SBA Says It Has Approved 1.6M PPP Loans
SBA Says It Has Approved 1.6M PPP Loans
April 17, 2020  |  Loans

The U.S. Small Business Administration (SBA) says that nearly 5,000 lenders have approved 1.6 million loans totaling $342.2 billion under the agency’s Paycheck Protection Program. Get...

READ MORE >
FinTech Faces Hurdles Making SBA Loans
FinTech Faces Hurdles Making SBA Loans
April 16, 2020  |  Digital Banking

PayPal Holdings Inc., Square Inc. and Intuit Inc., three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was...

READ MORE >
SBA Emergency Loan Program Bombarded With Over 3 Million Applications
SBA Emergency Loan Program Bombarded With Over 3 Million Applications
April 16, 2020  |  B2B Payments

After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low...

READ MORE >
SBA On PPP Numbers: One Million Loans, $247B (So Far)
SBA On PPP Numbers: One Million Loans, $247B (So Far)
April 15, 2020  |  Loans

In just over a week, the Paycheck Protection Program (PPP) has approved more than one million loans, for a total gross dollar value, as of...

READ MORE >
Fed Bets Trillions In SMB Lending That Consumers Will Return
Fed Bets Trillions In SMB Lending That Consumers Will Return
April 10, 2020  |  Loans

A quick recovery may be in the cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

READ MORE >
Federal Reserve Facilitates $2.3T In Loans To Boost Economy
Federal Reserve Facilitates $2.3T In Loans To Boost Economy
April 09, 2020  |  Loans

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve...

READ MORE >
SBA Overwhelmed With Requests, May Cause Delay In SMB Loans
SBA Overwhelmed With Requests, May Cause Delay In SMB Loans
April 08, 2020  |  Coronavirus

As businesses around the U.S. wait eagerly for loans from the $2 trillion stimulus package passed by Congress, the Small Business Association (SBA) may be...

READ MORE >
NFIB Survey Shows SMB Optimism Slips Amid COVID-19
NFIB Survey Shows SMB Optimism Slips Amid COVID-19
April 07, 2020  |  Economy

Recent surveys and data points show that the sanguine outlook held by small and medium-sized businesses (SMBs) coming into 2020 — underpinned by rising revenues,...

READ MORE >
The COVID-19 Eclipse Darkens Main Street Commerce
The COVID-19 Eclipse Darkens Main Street Commerce
April 07, 2020  |  Economy

The 1918 Influenza pandemic. The Great Depression. World War II. The 9/11 attacks. The HIV epidemic of the 1980s and 1990s. Such events demarcate and...

READ MORE >