Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
April 22, 2020  |  Loans

While the Payment Protection Program (PPP) was aimed in part at mom-and-pop businesses – and is run through the Small Business Administration (SBA) – it...

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KeyBank On Digitizing In-Person Services With Data Analytics
KeyBank On Digitizing In-Person Services With Data Analytics
April 22, 2020  |  Digital-First Banking

The ongoing COVID-19 pandemic has put a damper on in-branch banking as banks scramble to find ways to continue their business during this crisis. Customers...

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Barclays Rolls Out Coronavirus Loans To Help Large UK Corporates
Barclays Rolls Out Coronavirus Loans To Help Large UK Corporates
April 21, 2020  |  B2B Payments

To support large business banking customers affected by COVID-19 in Britain, Barclays is rolling out its Coronavirus Large Business Interruption Loan Scheme. The bank said...

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Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
April 20, 2020  |  Loans

As the economic collateral damage induced by the COVID-19 epidemic has spread far and wide throughout the nation, leaving nearly 20 million Americans newly unemployed,...

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Restaurants Seek More Aid As April Losses Could Top $50B
Restaurants Seek More Aid As April Losses Could Top $50B
April 20, 2020  |  Coronavirus

With U.S. restaurants facing prospects of losing an estimated $240 billion by year’s end, the industry has asked Congress for more financial aid as the...

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Small Businesses Question Handling Of US Stimulus Loans
Small Businesses Question Handling Of US Stimulus Loans
April 20, 2020  |  Loans

As Congress was poised on Monday (April 20) to replenish funds for its small business loan program, complaints persist about how previous funds were doled...

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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SBA Says It Has Approved 1.6M PPP Loans
SBA Says It Has Approved 1.6M PPP Loans
April 17, 2020  |  Loans

The U.S. Small Business Administration (SBA) says that nearly 5,000 lenders have approved 1.6 million loans totaling $342.2 billion under the agency’s Paycheck Protection Program. Get...

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Schumer: New COVID-19 Stimulus Could Come ‘Soon’
Schumer: New COVID-19 Stimulus Could Come ‘Soon’
April 17, 2020  |  Coronavirus

Sen. Charles Schumer (D-New York) says Democrats and the White House could “soon” agree on a new COVID-19 stimulus package, presumably including more loans for small...

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