President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized businesses get back on their feet in the wake of the COVID-19 pandemic. Get the Full Story Complete the form...
Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a small business loan program intended to assist companies that have faced coronavirus impacts. The legislator said the $350 billion effort would require more...
The Paycheck Protection Program (PPP) introduced April 3 is experiencing more setbacks as the Small Business Administration (SBA) works to solve computer system problems, according to a report in Politico on Monday (April 6). Get the Full Story Complete the form to unlock this article...
The Federal Reserve is collaborating with the Treasury Department to develop a new facility to help small and medium-sized businesses (SMBs) stay afloat as the coronavirus pandemic continues, according to a report in the Wall Street Journal (WSJ). Get the Full Story Complete the form...
You could say that Friday’s (April 3) rollout of the $350 billion small business relief Paycheck Protection Program (PPP), part of the $2 trillion CARES Act stimulus package, went less than smoothly when it started. Get the Full Story Complete the form to unlock this...
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 to do that, the bank may have to have its asset cap, placed there by law after a fake accounts...
Plaid, a startup being acquired by Visa, wants to help money get to those who need loans faster. To do so, it’s attacking the problem of how long it takes to acquire payroll data, according to a report by CNBC. Get the Full Story Complete...
Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth day on Monday (April 6). Lenders faced loan requests in the thousands, as they encountered difficulties with tech access and changing paperwork, Reuters reported....
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 billion to nonprofits and businesses with fewer than 50 employees. Get the Full Story Complete the form to unlock this...
