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

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

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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Goldman, JetBlue Team Up On Installment Loan Product
Goldman, JetBlue Team Up On Installment Loan Product
April 10, 2020  |  Loans

Two days after JetBlue said it would temporarily consolidate service in five U.S. cities, the New York airline has joined Goldman Sachs to offer an...

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Trump Wants New Business Relief Pushed Through As-Is
Trump Wants New Business Relief Pushed Through As-Is
April 10, 2020  |  Coronavirus

A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to pass the measure...

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Too Little, Too Late For COVID-19 Stimulus Efforts?
Too Little, Too Late For COVID-19 Stimulus Efforts?
April 10, 2020  |  Coronavirus

Trillions of dollars for governments, for businesses, and for individuals – and it may all be a case of too little, too late. Get the...

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Fed Bets Trillions In SMB Lending That Consumers Will Return
Fed Bets Trillions In SMB Lending That Consumers Will Return
April 10, 2020  |  Loans

A quick recovery may be in the cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Fed Eyes Opening SBA Loans To FinTechs
Fed Eyes Opening SBA Loans To FinTechs
April 09, 2020  |  Loans

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in...

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