Small Business Administration

New Data: Inside Main Street SMB’s Digital Shift
New Data: Inside Main Street SMB’s Digital Shift
May 28, 2020  |  Coronavirus

When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and...

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BoA Experiences Potential PPP Application Data Breach
BoA Experiences Potential PPP Application Data Breach
May 27, 2020  |  Safety and Security

Bank of America notified principal owners of a potential data breach after the bank uploaded the loan applications of some customers to a “limited access,...

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PPP Loan Forgiveness May Be Hard To Win For Self-Employed Workers
PPP Loan Forgiveness May Be Hard To Win For Self-Employed Workers
May 22, 2020  |  Loans

The self-employed might regret getting one of the Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA). CNBC reported these independent contractors who...

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SMBs Could Get More Flexibility To Use PPP Loans 
SMBs Could Get More Flexibility To Use PPP Loans 
May 17, 2020  |  Loans

The rules surrounding small business loans from the Paycheck Protection Program (PPP) are being overhauled as demand cools and small and medium-sized business (SMBs) owners...

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Almost 350 Public Firms Keep PPP Loan As Giveback Deadline Hits
Almost 350 Public Firms Keep PPP Loan As Giveback Deadline Hits
May 14, 2020  |  Loans

Cutera, a California-based beauty device maker, was among the recipients of the Paycheck Protection Program (PPP) despite being worth $26.7 million in stock sales just...

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$120B Still Available As Appetite For PPP Loans Slows
$120B Still Available As Appetite For PPP Loans Slows
May 12, 2020  |  Loans

The small business Paycheck Protection Program (PPP) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small...

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Today In Payments: Mastercard Expands Commitment To Connect 1B People; Digital Car Buying Platform Vroom To Test June IPO
Today In Payments: Mastercard Expands Commitment To Connect 1B People; Digital Car Buying Platform Vroom...
May 11, 2020  |  News

In today’s top news, Mastercard vows to connect 1 billion people to the digital economy by 2025, and Vroom is looking at filing an initial...

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PPP, SBA Disbursements Seek Faster Routes
PPP, SBA Disbursements Seek Faster Routes
May 11, 2020  |  Disbursements

As May flowers bloom, millions of Americans are still awaiting pandemic relief monies from the government. Some got it via direct deposit. Others believe there’s...

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Report Says SBA Erred In Providing PPP Loan Guidance
Report Says SBA Erred In Providing PPP Loan Guidance
May 08, 2020  |  Loans

A new report says the Small Business Administration (SBA) failed to follow several congressional mandates in implementing a loan program designed to aid businesses during...

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