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

Keeping SMBs Afloat During The Coronavirus Crisis
Keeping SMBs Afloat During The Coronavirus Crisis
April 17, 2020  |  Today In Data

Lawmakers and business leaders had high hopes for the Paycheck Protection Program (PPP): They thought it would provide the funds required for small to medium-sized businesses...

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FinTech Faces Hurdles Making SBA Loans
FinTech Faces Hurdles Making SBA Loans
April 16, 2020  |  Digital Banking

PayPal Holdings Inc., Square Inc. and Intuit Inc., three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was...

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Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020  |  Economy

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future...

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SBA Small Business Loan Program Is Out Of Cash
SBA Small Business Loan Program Is Out Of Cash
April 16, 2020  |  Loans

There’s no more money in the Small Business Administration’s (SBA) bailout initiative. CNBC has reported that the $349 billion intended to keep small businesses afloat...

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UK Banks Call On Britain To Fully Back SMB Loans
UK Banks Call On Britain To Fully Back SMB Loans
April 15, 2020  |  Loans

The U.K. is under pressure to get coronavirus-related loans out faster, and some banking officials want the government to consider making them 100 percent state-guaranteed,...

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SBA On PPP Numbers: One Million Loans, $247B (So Far)
SBA On PPP Numbers: One Million Loans, $247B (So Far)
April 15, 2020  |  Loans

In just over a week, the Paycheck Protection Program (PPP) has approved more than one million loans, for a total gross dollar value, as of...

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Can Main Street SMBs Cross The PPP Cash Chasm?
Can Main Street SMBs Cross The PPP Cash Chasm?
April 13, 2020  |  Coronavirus

Friday, April 3 was the day everyone expected would bring a sigh of relief — and offer much-needed hope — to the 30 million SMBs...

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China Regs To Assess Banks’ SMB Financing Efforts
China Regs To Assess Banks’ SMB Financing Efforts
April 10, 2020  |  B2B Payments

With the newest effort to direct more funding its most susceptible business vertical, China’s banking regulator said it would begin to watch the level of...

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Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In May
Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In...
April 10, 2020  |  News

In today’s top news, the Federal Reserve has launched a multi-trillion-dollar lending program that targets smaller companies and local governments, while the demand for Small...

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