Main Street small businesses have differing timeframes as to when they expect to run out of operating cash, but they all see it coming. And their confidence hasn’t improved despite reports that infections are flattening, that ICU admissions are down or that “help is on...
An unprecedented deluge of personally identifiable information (PII) is right now coursing between government agencies, financial institutions (FIs), individuals and business owners, as tens of millions apply for new CARES Act funding under the Payroll Protection Program (PPP), in the form of emergency Small Business...
It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion in loans since online applications became available starting at 8:45 a.m. to help small businesses survive the downturn from COVID-19. Bank...
JPMorgan, one of the nation’s largest lenders, started accepting applications for loans from the federal government’s Paycheck Protection Program (PPP) on Friday (April 3), according to Reuters. The news service said the announcement was posted on the bank’s website. This development is a change from...
April 03, 2020
It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion in loans since online applications became available starting at 8:45 a.m. to help small businesses survive the downturn from COVID-19. Bank of America boasted that it was the first major financial […]
April 03, 2020
JPMorgan, one of the nation’s largest lenders, started accepting applications for loans from the federal government’s Paycheck Protection Program (PPP) on Friday (April 3), according to Reuters. The news service...
