SBA

Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
May 08, 2020  |  Loans

The Paycheck Protection Program (PPP) is going back to court, this time over the new guidance handed out by the federal government on April 29...

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Will PPP’s Lack Of Clarity Fail To Protect SMBs And Paychecks?
Will PPP’s Lack Of Clarity Fail To Protect SMBs And Paychecks?
May 08, 2020  |  Commentary

During last week’s On The Agenda discussion of the many twists and turns that now characterize the PPP program, Karen Webster, Planters First Bancorp CEO Dan Speight, Ingo Money CEO...

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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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Treasury Extends Deadline To Return PPP Loans To May 14
Treasury Extends Deadline To Return PPP Loans To May 14
May 07, 2020  |  Loans

One week. That’s how much time Paycheck Protection Program (PPP) loan recipients have to return their loan if they can’t meet the updated rules from...

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Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan
Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan
May 07, 2020  |  Legal

As the deadline looms for businesses to return Paycheck Protection Program (PPP) loans they were ineligible for, a California software company is suing the Small...

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NY Fed Study: Neediest SMBs Didn’t Get PPP Loans
NY Fed Study: Neediest SMBs Didn’t Get PPP Loans
May 06, 2020  |  Loans

The Paycheck Protection Program (PPP) was intended to extend forgivable loans to businesses struggling to pay workers and stay afloat amid the coronavirus pandemic. Instead,...

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COVID Report: Organizing A Recovery
COVID Report: Organizing A Recovery
May 06, 2020  |  Economy

Making history many times over, the U.S. government passed $3 trillion as a life-support effort for American businesses, with a focus on preserving the nation’s...

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SMBs Have Only 69 Days Of Cash, Even With PPP
SMBs Have Only 69 Days Of Cash, Even With PPP
May 04, 2020  |  SMBs

Count entrepreneurs among the most optimistic souls in the universe. While the coronavirus death toll continued to rise, nearly 70 percent of small- to medium-sized...

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Today In Payments: Google Phone Data: Mixed Stay-Home Compliance; India’s Jio Gets $750M Boost From Silver Lake
Today In Payments: Google Phone Data: Mixed Stay-Home Compliance; India’s Jio Gets $750M Boost From...
May 04, 2020  |  News

In today’s top news, Google phone data shows variance around the globe for how people are following stay-at-home orders, and Silver Lake is investing $750...

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