Well-publicized government aid aside, small- to medium-sized businesses (SMBs) — both on the supply and retail sides — still struggle with cash flow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The U.S. Senate has passed a bill extending the Paycheck Protection Program (PPP) until the end of May, which will give pandemic-beleaguered businesses more time to apply, Reuters reported. Additionally, the government will have more time process the requests. Get the Full Story Complete the...
Small businesses will soon be eligible for a lot more COVID relief from the Small Business Association (SBA), CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Regulators in China are considering limits on so-called “loan facilitation,” a potential set-back for internet lenders, The Wall Street Journal reported Tuesday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While bank deposits continue to climb, lending in the U.S. by financial institutions (FIs) is lower than ever, as banks remain cautious about extending loans over fears of defaults, Bloomberg reported Monday (March 22), citing data from the Federal Reserve. Get the Full Story Complete...
According to an analysis by the Small Business Administration (SBA)’s Office of the Inspector General, there were 4,260 borrowers who received duplicate loans sent out under the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Chinese regulators who have targeted the sprawling Ant Group and the country’s growing online lending sector are motivated in part by a desire to curtail what they see as out-of-control borrowing by the country’s young people — the same consumers who have helped drive the...
Collectively, Americans owe roughly $1.7 trillion in student loan debt, a figure likely to continue climbing as the cost of education continues to rise alongside the number of students seeking it. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.S. Department of the Treasury has announced that a new program intending to help out with access to capital in communities that have traditionally been underserved and that have suffered more than usual in the pandemic, a press release says. Get the Full Story...
