SMBs

Small and Medium businesses are privately owned corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation.

PayPal Approved To Process SMB PPP Loans

PayPal Approved To Process SMB PPP Loans
PayPal Approved To Process SMB PPP Loans
April 12, 2020  |  Disbursements

PayPal has become one of the first non-bank institutions allowed to distribute loans to help small- to medium-sized businesses (SMBs) in response to the coronavirus...

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China Regs To Assess Banks’ SMB Financing Efforts
China Regs To Assess Banks’ SMB Financing Efforts
April 10, 2020  |  B2B Payments

With the newest effort to direct more funding its most susceptible business vertical, China’s banking regulator said it would begin to watch the level of...

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Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In May
Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In...
April 10, 2020  |  News

In today’s top news, the Federal Reserve has launched a multi-trillion-dollar lending program that targets smaller companies and local governments, while the demand for Small...

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Trump Wants New Business Relief Pushed Through As-Is
Trump Wants New Business Relief Pushed Through As-Is
April 10, 2020  |  Coronavirus

A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to pass the measure...

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Too Little, Too Late For COVID-19 Stimulus Efforts?
Too Little, Too Late For COVID-19 Stimulus Efforts?
April 10, 2020  |  Coronavirus

Trillions of dollars for governments, for businesses, and for individuals – and it may all be a case of too little, too late. Get the...

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Open Banking, Supply Chain Tech Land Fresh VC Funding
Open Banking, Supply Chain Tech Land Fresh VC Funding
April 10, 2020  |  B2B Payments

Adding to ongoing confusion and hiccups surrounding the U.S. stimulus package, some small- to medium-sized businesses (SMBs) remain unclear as to whether their ties to...

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The Two Things Keeping PPP Funds From Flowing Into SMB Bank Accounts
The Two Things Keeping PPP Funds From Flowing Into SMB Bank Accounts
April 09, 2020  |  Banking

For the last week, a veritable tidal wave of small- to medium-sized business (SMB) owners have been lining up to apply for Paycheck Protection Program (PPP) funds —...

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Fed Eyes Opening SBA Loans To FinTechs
Fed Eyes Opening SBA Loans To FinTechs
April 09, 2020  |  Loans

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in...

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Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs
Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs
April 09, 2020  |  Loans

The Federal Reserve said it would offer as much as $2.3 trillion in loans aimed at shoring up small to mid-sized businesses, U.S. households and...

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