Loans

Loans
SBA: EIDL Emergency Grant Program Runs Out Of Money
July 13, 2020

A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Loans
Fights Over Loan Terms Delayed Main Street Lending Program
July 12, 2020

More than three months ago, the U.S. Department of the Treasury and the Federal Reserve gave hope to small- to medium-sized businesses (SMBs) with the announcement of the Main Street Lending Program. Get the Full Story Complete the form to unlock this article and enjoy...

Loans
Fed Releases Main Street Program Lender List
July 08, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Loans
Mortgage Applications Skyrocket 33 Pct As Housing Market Rebounds
July 08, 2020

Homebuyer mortgage applications surged as June turned into July, in yet another sign of the housing market’s surprisingly strong rebound after the coronavirus-triggered shutdown this spring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Loans
$132B Still Available From PPP, Including $30B That Companies Returned
July 06, 2020

There’s still lots of federal cash available for small and medium-sized businesses (SMBs) in need of a hand up through the COVID-19 crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Loans
SBA, Treasury Fail To Release PPP Loan Data
July 06, 2020

The Treasury Department and Small Business Administration (SBA) don’t seem likely to release the data this week on Paycheck Protection Program (PPP) loans as they’d said, The Washington Post reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Loans
PPP Application Deadline Extended Until Aug. 8
July 01, 2020

The U.S. House of Representatives has passed a bill to extend the deadline for businesses to apply for forgivable loan aid through the Paycheck Protection Program (PPP), CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Loans
Senate Approves Five-Week Extension For Paycheck Protection Program 
July 01, 2020

Just as the application deadline was set to expire on the Paycheck Protection Program (PPP) at midnight Tuesday (June 30), the U.S. Senate extended the popular measure for five more weeks, The New York Times reported. Get the Full Story Complete the form to unlock...

Loans
Lenders Tighten Credit Requirements Amid New Reporting Rules
June 29, 2020

It’s a little harder for U.S. consumers to get credit as lenders retreat during the coronavirus crisis, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...