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...
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...
Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business...
Some 2.2 million small business loans totaling $175 billion were extended on Sunday (May 3) in the second round of the Paycheck Protection Program (PPP)....
JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to...
The COVID-19 pandemic has triggered a massive consumer migration to digital commerce. Consumers living under stay-at-home orders are going online to manage their personal...
For the first time since a small business loan program was launched, small lenders have been moved to the front of the line. On Wednesday...
Businesses that borrow money through the federal Paycheck Protection Program (PPP) can expect to be audited before the loans are forgiven, Treasury Secretary Steven Mnuchin...
Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury...