Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
U.S. Democratic lawmakers, in letters to the chief executives of several large banks, demanded the release of documents related to loans made under the government’s Paycheck Protection Program (PPP), CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Goldman Sachs has upped the ante by another $250 million in the amount of capital it is providing for a federal loan program aimed at small businesses, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A group of Democratic senators has introduced a new Paycheck Protection Program (PPP) for small businesses with 100 or fewer employees, including sole proprietorships and the self-employed, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will resume payments soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed to build infrastructure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Chuck E. Cheese, the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As some firms grapple with meeting pivotal standards for loan forgiveness amid the pandemic, President Donald Trump signed a bill into law on Friday (June 5) to provide greater spending options to those who receive government Paycheck Protection Program (PPP) loans. The president said that...
As reported, the Senate voted unanimously on Wednesday (June 3) to pass the Paycheck Protection Program Flexibility Act, which had passed the House with a single dissenting vote last week. The bill then headed to the White House for President Trump’s signoff. Get the Full...
