loans

SBA Shuts Door On SMB Disaster Loans

SBA Shuts Door On SMB Disaster Loans
SBA Shuts Door On SMB Disaster Loans
May 07, 2020  |  Loans

Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The...

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New PPP Loan Rules On Student Workers Offers Break To Colleges
New PPP Loan Rules On Student Workers Offers Break To Colleges
May 06, 2020  |  Loans

Colleges suffering from lost revenues during the pandemic may have a better chance now as clarifications to the Paycheck Protection Program’s (PPP) rules say these...

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SBA Still Clearing Up PPP Loan Confusion
SBA Still Clearing Up PPP Loan Confusion
May 06, 2020  |  Loans

It’s a fact that it’s a lot of money, but disbursing hundreds of billions of dollars for the Payroll Protection Program (PPP) has been overly...

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More Than Half of SMBs Might Not Have Enough Cash To Make It Through Crisis
More Than Half of SMBs Might Not Have Enough Cash To Make It Through Crisis
May 06, 2020  |  SMBs

Almost 60 percent of SMB retailers say they might not have enough cash on hand to get through the pandemic’s economic gut-punches, according to PYMNTS research....

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Jack Ma’s MYbank To Issue $282 Billion In SMB Loans This Year
Jack Ma’s MYbank To Issue $282 Billion In SMB Loans This Year
May 05, 2020  |  Loans

MYbank, the online lending program of billionaire Jack Ma, is facing a serious test as the Chinese economy reels from the effects of the coronavirus,...

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Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches $100M Amid Pandemic Uncertainty
Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches...
May 05, 2020  |  News

In today’s top news, analysts lowered Wells Fargo’s rating, and N26 raised $100 million in funding. Plus, U.S. banks have extended over $500 billion in...

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Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
May 05, 2020  |  Retail

Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought...

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Banks Extend $500B In PPP Loans To Help Struggling SMBs 
Banks Extend $500B In PPP Loans To Help Struggling SMBs 
May 05, 2020  |  Loans

Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business...

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Fed: Demand For Commercial, Consumer Loans Fell As Banks Tightened Standards
Fed: Demand For Commercial, Consumer Loans Fell As Banks Tightened Standards
May 05, 2020  |  Loans

As the coronavirus took hold of the economy, banks in the U.S. tightened standards on loans for both companies and individuals, according to the April...

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