Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Demand For PPP Loans Evaporates; $150B Still Available

Demand For PPP Loans Evaporates; $150B Still Available
Demand For PPP Loans Evaporates; $150B Still Available
May 26, 2020  |  Loans

When the first round of forgivable Paycheck Protection Program (PPP) loans became available April 3, the funds ran out within days. When the second round...

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How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help
How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help
May 26, 2020  |  Debt

Amid the pandemic, banks have “frozen” at least $150 billion of loans – equating to about 5 percent of their consumer portfolios. The question becomes: What...

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FinTechs Aid Banks In Their Own Open Banking Initiatives
FinTechs Aid Banks In Their Own Open Banking Initiatives
May 21, 2020  |  B2B Payments

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). This week’s...

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Public Companies Have Returned Nearly A Third of PPP Loan Money
Public Companies Have Returned Nearly A Third of PPP Loan Money
May 15, 2020  |  Loans

Thanks…but, on second thought, no thanks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Saving Main Street: Alliance Stands Up For SMB Policies
Saving Main Street: Alliance Stands Up For SMB Policies
May 15, 2020  |  Retail

If anyone is on the front lines of Main Street’s struggle to survive, it’s Amanda Ballantyne. As the executive director of the Main Street Alliance,...

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SBA Revises Guidance On PPP Loan Forgiveness
SBA Revises Guidance On PPP Loan Forgiveness
May 13, 2020  |  Loans

The Paycheck Protection Program (PPP) has been nothing if not fluid. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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What Lenders Are Learning About Emerging PPP Loan Fraud
What Lenders Are Learning About Emerging PPP Loan Fraud
May 12, 2020  |  Security & Fraud

In the mad dash to secure Paycheck Protection Program (PPP) funds, small businesses have faced confusion, anxiety and often a lack of clarity as to...

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Deadline Looms For Five Firms To Return PPP Loans
Deadline Looms For Five Firms To Return PPP Loans
May 11, 2020  |  Loans

Five publicly traded companies have until midnight on Monday (May 11) to return their Payroll Protection Program (PPP) loans or explain why they should be...

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India’s Tata Capital Introduces App For Commercial Loan Clients
India’s Tata Capital Introduces App For Commercial Loan Clients
May 11, 2020  |  B2B Payments

Mumbai-based Tata Capital, a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage...

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