Loans

Loans
Square’s Cash App Tests Small-Dollar, Short-Term Loans
August 12, 2020

Cash App, Square Inc.’s mobile payment app, has launched a pilot program to offer short-term loans of up to $200, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Loans
Banks Brace For Wave Of Corporate Credit Calamities
August 11, 2020

Before the deluge – of possible bankruptcies, that is – come the provisions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Loans
$765M Eastman Kodak Loan Put On Hold Until ‘Allegations Are Cleared’
August 09, 2020

A $765 million loan agreement between Eastman Kodak and the government to provide pharmaceutical ingredients has been put on hold due to questions about Kodak’s recent securities transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loans
House Democrats Eye Kodak’s $765M US Loan
August 05, 2020

The meteoric rise, and then fall, of Eastman Kodak stock — and the recent profits scored by top executives there — is garnering more attention. House Democrats are now looking into a $765 million federal loan as well as trading activity by company executives before...

Loans
Banks Toughen Lending Requirements For Consumers, Businesses
August 04, 2020

Banks are increasing their standards for loans to businesses and households, according to the Fed’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loans
SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
August 04, 2020

Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange Commission (SEC), a new report finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loans
Rubio: Revamped PPP, SMB Loan Programs Aim To Smooth Out ‘Uneven Recovery’
August 02, 2020

Senator Marco Rubio of Florida, who spearheaded the landmark Paycheck Protection Program (PPP) to help small businesses survive the coronavirus pandemic, now has to organize further funding to help the still-ailing economy, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form...

Loans
US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions
July 29, 2020

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Loans
Senators Want New PPP Program With Different Guidelines
July 28, 2020

It’s looking increasingly likely that Congress will vote on a new round of COVID-19 stimulus funding, with the Paycheck Protection Program (PPP) an increasing area of focus. The latest plan put forward by Senate Republicans calls for a fresh round of funding for PPP loans,...