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

Trump Wants Additional $250 Billion For SMB Loans

Trump Wants Additional $250 Billion For SMB Loans
Trump Wants Additional $250 Billion For SMB Loans
April 07, 2020  |  Loans

President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized...

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Senate Majority Leader Calls For More SMB Relief Funds
Senate Majority Leader Calls For More SMB Relief Funds
April 07, 2020  |  Loans

Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a small business loan...

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Singapore Loosens Banking Rules Amid COVID-19 Economic Turmoil
Singapore Loosens Banking Rules Amid COVID-19 Economic Turmoil
April 07, 2020  |  Bank Regulation

The Monetary Authority of Singapore (MAS) said on Tuesday (April 7) that it will allow banks more leeway with regulatory requirements and programs so that...

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Small Business Rescue Program Encounters Technical Challenges
Small Business Rescue Program Encounters Technical Challenges
April 06, 2020  |  Loans

Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth day on Monday...

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Bank Of America Boasts $22B In Bailout Loans
Bank Of America Boasts $22B In Bailout Loans
April 03, 2020  |  Coronavirus

It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion...

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People’s Bank Of China Injects $56B Of Liquidity To Boost Lending
People’s Bank Of China Injects $56B Of Liquidity To Boost Lending
April 03, 2020  |  International

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as...

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics
Deep Dive: Digital-First Banks Harness The Power Of Data Analytics
April 02, 2020  |  Digital-First Banking

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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UK Urges Banks To Nix Personal Guarantees For SMBs
UK Urges Banks To Nix Personal Guarantees For SMBs
April 01, 2020  |  B2B Payments

The U.K. government is seeking an agreement with financial institutions (FIs) to forgo the need for small businesses to offer personal guarantees to get coronavirus...

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Deluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
Deluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
April 01, 2020  |  Coronavirus

Already buried in emergency loan applications from small and medium-sized businesses (SMBs), five U.K. lenders have dropped out of the Coronavirus Business Interruption Loan Scheme...

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