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SBA Site Slammed As SMB Loan Program Relaunches
April 27, 2020

It didn’t take long for the Small Business Administration (SBA) to become overwhelmed by a deluge of applicants for the latest round of Paycheck Protection Program (PPP) money. Less than five minutes after the much-hyped launch of PPP II scheduled for 10:30 a.m. on Monday...

Loans
Next Round Of $1,200 IRS Stimulus Checks To Go Out Soon
April 27, 2020

The latest round of checks under the massive U.S. stimulus program is set to go out in the next few days. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’
April 27, 2020

In all manner of life – especially corporate life – where there are rules and legislation, there are paths to follow the spirit and the letter of the law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Second Round Of PPP SBA Loans Now Available
April 27, 2020

The race is on. 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 newsletter, PYMNTS Today. By completing this form, you agree to receive marketing...

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BoA CEO Says All PPP Applications Should Be Funded
April 26, 2020

As the Paycheck Prevention Program (PPP) reopens on Monday (April 27) with $310 billion, Bank of America (BoA) chief executive officer (CEO) Brian Moynihan said he thinks Congress should make the assistance big enough to help all small businesses. Get the Full Story Complete the...

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

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 dollars they received after backlash, many are keeping the money, asserting that it will be used for paying furloughed employees,...

Loans
US Lenders Cautious About Making European Loans Amid Pandemic
April 26, 2020

Banks in the U.S. are taking a cautious approach when it comes to extending loans to businesses in Europe, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill
April 24, 2020

Representatives from Colorado and Oregon, states known for liberal cannabis laws, want the cannabis industry to be included in future Paycheck Protection Program (PPP) legislation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Banks Warn Replenished PPP Loan Funds May Already Be Spoken For
April 24, 2020

Banks are sounding the alarm that the upcoming funding round for the federal Paycheck Protection Program (PPP) is likely already tapped. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...