SBA

Main Street On Lockdown: The COVID-19 Cash Chasm
Main Street On Lockdown: The COVID-19 Cash Chasm
August 25, 2020  |  Coronavirus

The Paycheck Protection Program (PPP) relief effort began accepting applications from small to mid-sized businesses (SMBs), which employ roughly half of the United States workforce,...

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SMB Cash Flow Gaps, Transit Payments, Disaster Loans Top This Week’s News
SMB Cash Flow Gaps, Transit Payments, Disaster Loans Top This Week’s News
July 17, 2020  |  The Weekender

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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SBA: EIDL Emergency Grant Program Runs Out Of Money
SBA: EIDL Emergency Grant Program Runs Out Of Money
July 13, 2020  |  Loans

A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a...

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PPP Loans, Cash Crunches And Now, The Specter Of Public Shame
PPP Loans, Cash Crunches And Now, The Specter Of Public Shame
July 08, 2020  |  SMBs

And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left...

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PPP Loans Could Be Boon For Banks In Processing Fees
PPP Loans Could Be Boon For Banks In Processing Fees
July 07, 2020  |  Banking

Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal...

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$132B Still Available From PPP, Including $30B That Companies Returned
$132B Still Available From PPP, Including $30B That Companies Returned
July 06, 2020  |  Loans

There’s still lots of federal cash available for small and medium-sized businesses (SMBs) in need of a hand up through the COVID-19 crisis. In a...

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SBA, Treasury Fail To Release PPP Loan Data
SBA, Treasury Fail To Release PPP Loan Data
July 06, 2020  |  Loans

The Treasury Department and Small Business Administration (SBA) don’t seem likely to release the data this week on Paycheck Protection Program (PPP) loans as they’d...

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GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
June 25, 2020  |  Coronavirus

Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S....

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Treasury To Release SMB Data On PPP Loans
Treasury To Release SMB Data On PPP Loans
June 22, 2020  |  Loans

In a 180-degree turn, the Trump administration now says it will release the names of Paycheck Protection Program (PPP) recipients and the amount of taxpayer-funded...

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