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.

Wells Fargo Says Lift Asset Cap To Helps SMBs

Wells Fargo Says Lift Asset Cap To Helps SMBs
Wells Fargo Says Lift Asset Cap To Helps SMBs
April 06, 2020  |  Loans

Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP). But...

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Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI Voice Assistant Startup Voysis
Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI...
April 06, 2020  |  News

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice...

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Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment
Lawsuit Accuses BoA Of Unfair Preferential SMB Treatment
April 06, 2020  |  B2B Payments

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying...

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Wells Fargo To Cap SMB Bailout Loans at $10 Billion
Wells Fargo To Cap SMB Bailout Loans at $10 Billion
April 06, 2020  |  Loans

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10...

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BoA Receives $6B In SMB Loan Requests Within Hours
BoA Receives $6B In SMB Loan Requests Within Hours
April 05, 2020  |  B2B Payments

Banks were supposed to start taking applications for the Paycheck Protection Program (PPP) on Friday (April 3), but among the bigger U.S. lenders, only Bank...

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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. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
April 03, 2020  |  News

In today’s top news, Airbnb has lowered its internal valuation 16 percent as lockdowns continue to hammer business, and gig workers face uncertainty over how...

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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. Get the Full Story...

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The Week In Payments: What The New Normal Will Look Like When It Comes
The Week In Payments: What The New Normal Will Look Like When It Comes
April 03, 2020  |  Coronavirus

It is impossible at this point to write the week in payments (commerce, financial services and technology) without writing about COVID-19. As the United States...

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