loans

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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JPMorgan Says It’s Processing 300,000 PPP Loans
JPMorgan Says It’s Processing 300,000 PPP Loans
April 14, 2020  |  Earnings

JPMorgan Chase reported results that showed the impact of the coronavirus, especially toward the end of the quarter, reflecting declines in consumer spending – and...

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US Hospitals Seek Over $1B In Credit From Banks To Stay Afloat
US Hospitals Seek Over $1B In Credit From Banks To Stay Afloat
April 13, 2020  |  Coronavirus

Hospitals across the U.S. have been busy sending banks requests for new lines of credit as they face thin revenue streams from having to eliminate...

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Mark Cuban Says Banks Moving Too Slow To Help SMBs
Mark Cuban Says Banks Moving Too Slow To Help SMBs
April 13, 2020  |  Loans

Billionaire entrepreneur Mark Cuban, owner of the Dallas Mavericks and investor on the reality show “Shark Tank,” said the Paycheck Protection Program (PPP) is moving...

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Today In Payments: Amazon Puts New Online Grocery Customers On Hold; JPMC Requires 700 Credit Score For New Mortgages
Today In Payments: Amazon Puts New Online Grocery Customers On Hold; JPMC Requires 700 Credit Score...
April 13, 2020  |  News

In today’s top news, Amazon will put new customers for its grocery delivery service on a waitlist and JPMorgan Chase is raising its standards for...

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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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Why PPP Will Be A Pivot Point For The Future Of Digital Security
Why PPP Will Be A Pivot Point For The Future Of Digital Security
April 13, 2020  |  Security & Fraud

Small businesses are hurting, which has been reflected in record unemployment numbers, the near-total shutdown of mainstream businesses and in PYMNTS data revealing that as...

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Companies Enlist Lobbyists For Stimulus Funds
Companies Enlist Lobbyists For Stimulus Funds
April 12, 2020  |  Coronavirus

Lobbyists are burning up the phone lines in Washington, D.C. as businesses from every sector rush to get their piece of the $2 trillion relief...

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JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages
JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages
April 12, 2020  |  Loans

JPMorgan Chase is attempting to stave off the oncoming economic downturn by raising the standards on who can borrow from them for the time being,...

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