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.

Fed Turns To Banks For Feedback On Main Street Lending Program

Fed Turns To Banks For Feedback On Main Street Lending Program
Fed Turns To Banks For Feedback On Main Street Lending Program
April 28, 2020  |  Loans

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to...

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Fintainium, CIT Group Pair Up To Optimize B2B Payments Workflows
Fintainium, CIT Group Pair Up To Optimize B2B Payments Workflows
April 28, 2020  |  B2B Payments

CIT Group will add a new level of B2B payment functionality to the software from workflow solutions provider Fintainium, aiming to make accounts payable (AP)...

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Adjusting To The Pandemic With Loans, Apps And Biometrics
Adjusting To The Pandemic With Loans, Apps And Biometrics
April 28, 2020  |  Today In Data

The Paycheck Protection Program (PPP) loans are viewed not only as a “must-have” to navigate the current challenges – they are also seen as tools that can...

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PPP Is No Panacea, But Is Crucial To SMB Outlook
PPP Is No Panacea, But Is Crucial To SMB Outlook
April 28, 2020  |  Economy

From the ongoing saga that is the Payroll Protection Program (PPP), we’ve quickly learned that $349 billion is just a down payment on a revivified...

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Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
April 28, 2020  |  Loans

U.S. Treasury Secretary Steven Mnuchin said he never “in a million years” expected that the Los Angeles Lakers would take a multi-million-dollar federal loan intended...

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PPP Loan Site Sputters On Opening Day Of Second Round
PPP Loan Site Sputters On Opening Day Of Second Round
April 28, 2020  |  Loans

The second round of Paycheck Protection Program (PPP) funding was an instant replay of the first, as the loan network collapsed from the tsunami of...

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Visa’s Jack Forestell On Helping SMBs Fast Track Into The Digital Age
Visa’s Jack Forestell On Helping SMBs Fast Track Into The Digital Age
April 28, 2020  |  VISA

After many weeks and months of social distancing, the world is now actively and audibly wondering when the economic recovery will begin. Get the Full...

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Newtek Small Business Finance Has Funded Over $500M For PPP
Newtek Small Business Finance Has Funded Over $500M For PPP
April 27, 2020  |  B2B Payments

Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck...

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