Small Business Administration

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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Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
May 08, 2020  |  Gig Economy

Businesses and consumers still see the new coronavirus’s reverberating effects upon their finances and lives. Gig workers have been particularly affected by the pandemic, as...

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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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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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Banks Extend $500B In PPP Loans To Help Struggling SMBs 
Banks Extend $500B In PPP Loans To Help Struggling SMBs 
May 05, 2020  |  Loans

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...

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Kudlow: Third Round Of SBA PPP Loans ‘May Be’ Necessary
Kudlow: Third Round Of SBA PPP Loans ‘May Be’ Necessary
May 03, 2020  |  Loans

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)....

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Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
May 01, 2020  |  Loans

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...

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NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
May 01, 2020  |  Coronavirus

  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...

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Big Banks Temporarily Shut Out Of SBA’s PPP Loan Portal
Big Banks Temporarily Shut Out Of SBA’s PPP Loan Portal
April 29, 2020  |  Coronavirus

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...

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