Small Business Administration

Today In Payments: Toast Reduces Headcount Amid Coronavirus; SBA Faces Difficulties With Relief Loans
Today In Payments: Toast Reduces Headcount Amid Coronavirus; SBA Faces Difficulties With Relief Loans
April 08, 2020  |  News

In today’s top news, Toast is decreasing its headcount amid the coronavirus, and Amazon is halting its shipping service as it needs workers for more...

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Mastercard Pledges $250M In Help For Small Businesses
Mastercard Pledges $250M In Help For Small Businesses
April 07, 2020  |  Mastercard

Recognizing that Main Street is being hard hit by the coronavirus pandemic, Mastercard committed $250 million over the next five years to support small- to...

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Small Business Rescue Program Encounters Technical Challenges
Small Business Rescue Program Encounters Technical Challenges
April 06, 2020  |  Loans

Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth day on Monday...

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Bumpy First Days As Banks Grapple With SMB PPP Demand
Bumpy First Days As Banks Grapple With SMB PPP Demand
April 05, 2020  |  Loans

Call it a bumpy beginning — and that’s a charitable statement. Friday, banks and other lenders officially opened the gates for applications to the Paycheck...

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Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
April 03, 2020  |  Loans

The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. But is the $350...

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Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
April 02, 2020  |  Coronavirus

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic....

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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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Can Stimulus Funds Battle Back The Main Street Cash Crunch?
Can Stimulus Funds Battle Back The Main Street Cash Crunch?
April 02, 2020  |  Economy

By the numbers the news is not bright this week — pretty much no matter where one looks as the coronavirus pandemic continues. Unemployment filings have...

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SBA Automatically Defers Existing Disaster Loans To Help Borrowers
SBA Automatically Defers Existing Disaster Loans To Help Borrowers
March 23, 2020  |  Coronavirus

To assist borrowers who are paying back U.S. Small Business Administration loans from past disasters, SBA Administrator Jovita Carranza has put into place automatic deferment...

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