Allbirds, the New Zealand-American footwear company, will return its Paycheck Protection Program (PPP) loan. 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...
Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The Washington Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
One week. 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. By completing this form, you agree to receive marketing communications from...
Colleges suffering from lost revenues during the pandemic may have a better chance now as clarifications to the Paycheck Protection Program’s (PPP) rules say these institutions can exclude work-study students from their final counts of employees, according to Bloomberg. Get the Full Story Complete the...
It’s a fact that it’s a lot of money, but disbursing hundreds of billions of dollars for the Payroll Protection Program (PPP) has been overly fraught since day one. Business owners remain fuzzy on basic details like how many employees they can have to qualify,...
The Paycheck Protection Program (PPP) was intended to extend forgivable loans to businesses struggling to pay workers and stay afloat amid the coronavirus pandemic. Instead, small businesses in areas less affected by the crisis — like the midwest — are getting a disproportionately higher number...
MYbank, the online lending program of billionaire Jack Ma, is facing a serious test as the Chinese economy reels from the effects of the coronavirus, according to a Bloomberg report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business Administration (SBA) and the Treasury Department said there is roughly $145 billion left in the fund, according to a Reuters...
As the coronavirus took hold of the economy, banks in the U.S. tightened standards on loans for both companies and individuals, according to the April Senior Loan Officer Opinion Survey on Bank Lending Practices, published Monday (May 4). Get the Full Story Complete the form...
