loans

Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs

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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Lawmakers Call For Marijuana SMB Inclusion In Next Stimulus Package
Lawmakers Call For Marijuana SMB Inclusion In Next Stimulus Package
April 19, 2020  |  B2B Payments

Members of Congress from both sides of the political fence are pushing for the marijuana industry to be included in the next round of government...

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Funding Circle Halts Retail Investing To Focus On SMB Stimulus
Funding Circle Halts Retail Investing To Focus On SMB Stimulus
April 19, 2020  |  B2B Payments

Funding Circle has been given the go-ahead by the British Business Bank to distribute business loans to small- to medium-sized business (SMB) owners hurting because...

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Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
April 19, 2020  |  Loans

Tom Donohue, CEO of the U.S. Chamber of Commerce, is urging Congress to finish up a plan for the next round of stimulus spending by...

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Big Restaurant Chains Feast On Millions From PPP Program
Big Restaurant Chains Feast On Millions From PPP Program
April 19, 2020  |  Loans

The hospitality group behind Ruth’s Chris Steak House — operator or franchiser of 159 restaurants — showed a profit of $42 million on $468 million...

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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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