SBA Loans

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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PPP Won’t Fill Main Street SMBs’ Cash Gap
PPP Won’t Fill Main Street SMBs’ Cash Gap
April 14, 2020  |  Coronavirus

Main Street small businesses have differing timeframes as to when they expect to run out of operating cash, but they all see it coming. And...

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Armor-Plating Personally Identifiable Information
Armor-Plating Personally Identifiable Information
April 07, 2020  |  Safety and Security

An unprecedented deluge of personally identifiable information (PII) is right now coursing between government agencies, financial institutions (FIs), individuals and business owners, as tens of...

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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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JPMorgan Now Taking Applications For Paycheck Protection Program
JPMorgan Now Taking Applications For Paycheck Protection Program
April 03, 2020  |  Loans

JPMorgan, one of the nation’s largest lenders, started accepting applications for loans from the federal government’s Paycheck Protection Program (PPP) on Friday (April 3), according...

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SMBs Accuse Kabbage Of Abruptly Canceling Credit
SMBs Accuse Kabbage Of Abruptly Canceling Credit
April 02, 2020  |  B2B Payments

Amid a climate in which cash needs are on the rise, it’s been reported that Kabbage Inc. has abruptly cut off credit to small business...

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B2B FinTech Accelerates Product Rollouts To Support SMBs
B2B FinTech Accelerates Product Rollouts To Support SMBs
April 01, 2020  |  B2B Payments

Small- to medium-sized businesses (SMBs) are struggling to stay afloat. A new survey from Alignable via its Weekly Pulse Poll found that more than one-third...

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NYMBUS Accelerates SBA Loan Processing For Banks
NYMBUS Accelerates SBA Loan Processing For Banks
March 31, 2020  |  B2B Payments

A new program from NYMBUS will help small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic apply for loans through an online portal, according...

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US Gov’t Shutdown To Affect 30M SMBs
US Gov’t Shutdown To Affect 30M SMBs
December 26, 2018  |  SMBs

With the federal government in a partial shutdown, around 30 million small businesses will likely be impacted. The shutdown is the result of the Trump...

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