Small business owners who have been waiting to have their Paycheck Protection Program (PPP) loan forgiven can breathe a sigh of relief. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
A team of police and investigators raided the headquarters of KfW, a German state-owned development bank, over a 100 million euro ($117 million) loan it made to Wirecard, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and...
Finicity, a financial data provider, is rolling out a new program that will aid financial institutions (FIs) in their decision-making on credit issues. The “open banking” company allows third-party providers access to customers’ personal and financial data, when authorized. Get the Full Story Complete the...
More than 5 million small- to medium-sized businesses (SMBs) received $525 billion from the Paycheck Protection Program (PPP), the popular federal rescue initiative passed by Congress in March. But the Small Business Administration (SBA) program that promised loan forgiveness as long as SMBs used 60 percent...
Small- to medium-sized businesses (SMBs) are reporting difficulty with the forgiveness aspect of the Paycheck Protection Program (PPP) as that feature opens up, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Approximately one million homeowners are at risk of losing their homes through foreclosure despite the safety net established by Congress at the start of the COVID-19 pandemic, according to industry data. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Uber Technologies is taking advantage of rock-bottom pandemic interest rates to refinance some debt. The San Francisco-based ride-hailing service on Monday (Sept. 14) said it will borrow $500 million to help refinance a piece of its multibillion-dollar debt load. Get the Full Story Complete the...
When Congress first passed the CARES Act earlier this year to ameliorate COVID-19’s economic havoc, U.S. homeowners with mortgages on their properties were among the groups singled out for special protection. Perhaps aiming to avoid a replay of the 2008 foreclosure crisis, the law required lenders...
Billions of dollars in dry powder for Main Street SMB lending – and relatively few takers. 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...
