loans

PPP Is No Panacea, But Is Crucial To SMB Outlook

PPP Is No Panacea, But Is Crucial To SMB Outlook
PPP Is No Panacea, But Is Crucial To SMB Outlook
April 28, 2020  |  Coronavirus

From the ongoing saga that is the Payroll Protection Program (PPP), we’ve quickly learned that $349 billion is just a down payment on a revivified...

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Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
April 28, 2020  |  Loans

U.S. Treasury Secretary Steven Mnuchin said he never “in a million years” expected that the Los Angeles Lakers would take a multi-million-dollar federal loan intended...

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PPP Loan Site Sputters On Opening Day Of Second Round
PPP Loan Site Sputters On Opening Day Of Second Round
April 28, 2020  |  Loans

The second round of Paycheck Protection Program (PPP) funding was an instant replay of the first, as the loan network collapsed from the tsunami of...

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Newtek Small Business Finance Has Funded Over $500M For PPP
Newtek Small Business Finance Has Funded Over $500M For PPP
April 27, 2020  |  B2B Payments

Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck...

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Mexican Business Council, IDB To Offer Funds To SMBs
Mexican Business Council, IDB To Offer Funds To SMBs
April 27, 2020  |  B2B Payments

To help support the operations of small and medium-sized businesses (SMBs) as they contend with the economic disruption brought by the coronavirus, IDB Invest and...

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LA Lakers Return PPP Loan
LA Lakers Return PPP Loan
April 27, 2020  |  Loans

As the U.S. Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned...

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Senators Call For Guaranteed PPP Loans For Small Businesses
Senators Call For Guaranteed PPP Loans For Small Businesses
April 27, 2020  |  Loans

U.S. Senator Amy Klobuchar (D-Minnesota) and 21 of her Senate colleagues are urging the U.S. Treasury and the Small Business Administration (SBA) to make sure...

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Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
April 27, 2020  |  News

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Plus,...

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SBA Site Slammed As SMB Loan Program Relaunches
SBA Site Slammed As SMB Loan Program Relaunches
April 27, 2020  |  Loans

It didn’t take long for the Small Business Administration (SBA) to become overwhelmed by a deluge of applicants for the latest round of Paycheck Protection...

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