loans

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
April 22, 2020  |  Loans

While the Payment Protection Program (PPP) was aimed in part at mom-and-pop businesses – and is run through the Small Business Administration (SBA) – it...

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What We’ve Learned Watching Uncle Sam Disburse $2T In Stimulus Payments
What We’ve Learned Watching Uncle Sam Disburse $2T In Stimulus Payments
April 22, 2020  |  Coronavirus

The unprecedented $2 trillion stimulus package pushed forward a little over a month ago was no doubt created and passed with the best of all...

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Shopify Capital Extends Loans To Canadian SMBs Struggling Amid Outbreak
Shopify Capital Extends Loans To Canadian SMBs Struggling Amid Outbreak
April 21, 2020  |  eCommerce

Shopify is introducing a financing division that will extend loans to small and-medium-sized businesses (SMBs) in Canada financially suffering due to the global coronavirus pandemic,...

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Lenders Ask Treasury To Focus Next PPP Round On ‘Real’ SMBs
Lenders Ask Treasury To Focus Next PPP Round On ‘Real’ SMBs
April 21, 2020  |  Loans

The biggest banks in the U.S. were reportedly in talks with the Treasury on Monday (April 20) over the next round of Paycheck Protection Program...

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Public Businesses Reap PPP Relief Of $300M 
Public Businesses Reap PPP Relief Of $300M 
April 21, 2020  |  Loans

Small businesses struggling to stay afloat were supposed to reap the most benefits from the federal Paycheck Protection Program (PPP). Instead, millions went to public...

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Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
April 20, 2020  |  Loans

As the economic collateral damage induced by the COVID-19 epidemic has spread far and wide throughout the nation, leaving nearly 20 million Americans newly unemployed,...

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Restaurants Seek More Aid As April Losses Could Top $50B
Restaurants Seek More Aid As April Losses Could Top $50B
April 20, 2020  |  Coronavirus

With U.S. restaurants facing prospects of losing an estimated $240 billion by year’s end, the industry has asked Congress for more financial aid as the...

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Small Businesses Question Handling Of US Stimulus Loans
Small Businesses Question Handling Of US Stimulus Loans
April 20, 2020  |  Loans

As Congress was poised on Monday (April 20) to replenish funds for its small business loan program, complaints persist about how previous funds were doled...

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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