loans

Federal Reserve Extends Reach Of Main Street Lending Program

Federal Reserve Extends Reach Of Main Street Lending Program
Federal Reserve Extends Reach Of Main Street Lending Program
April 30, 2020  |  Loans

The Federal Reserve is extending its $600 billion Main Street lending program to reach small and medium-sized businesses (SMBs) hit by the coronavirus pandemic, the...

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The Complicated Picture Of Banking Cannabis SMBs
The Complicated Picture Of Banking Cannabis SMBs
April 30, 2020  |  B2B Payments

As the narrative goes, legal cannabis companies, often small- to medium-sized businesses (SMBs), are forced to rely on cash for both B2B and B2C payments....

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JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans
JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans
April 30, 2020  |  Loans

JPMorgan Chase was the biggest saver of funds in an effort by banks around the world to get ahead of a spate of bad loans...

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AICPA Calls On Fed For AR Financing Program
AICPA Calls On Fed For AR Financing Program
April 29, 2020  |  B2B Payments

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make...

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Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP Funds Given To Larger Firms Returned
Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP...
April 29, 2020  |  Loans

The coronavirus pandemic is disrupting businesses large and small. While the Paycheck Protection Program (PPP) was intended to help small- to medium-sized businesses (SMBs) weather...

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Many US Restaurants Say PPP Loans Don’t Meet Their Needs
Many US Restaurants Say PPP Loans Don’t Meet Their Needs
April 29, 2020  |  Loans

An industry trade group said it’s highly likely that many restaurants will return loans from the U.S. Small Business Association’s (SBA) bailout program, the Financial...

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WhatsApp Considers Extending Loans To Indian Users
WhatsApp Considers Extending Loans To Indian Users
April 29, 2020  |  Cross-border Payments

WhatsApp in India is considering a move into credit and lending so it can extend loans to users in the country, according to a report...

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Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
April 29, 2020  |  Loans

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury...

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