loans

PayPal Approved To Process SMB PPP Loans

PayPal Approved To Process SMB PPP Loans
PayPal Approved To Process SMB PPP Loans
April 12, 2020  |  Disbursements

PayPal has become one of the first non-bank institutions allowed to distribute loans to help small- to medium-sized businesses (SMBs) in response to the coronavirus...

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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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Too Little Too Late As 17M Lose Jobs And Relief Efforts Bottlenecked
Too Little Too Late As 17M Lose Jobs And Relief Efforts Bottlenecked
April 10, 2020  |  Coronavirus

The $3 trillion in relief approved by the federal government has so far reached few bank accounts as jobless claims mount and businesses remain closed...

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Chime Gives $200 Advances On Stimulus Checks
Chime Gives $200 Advances On Stimulus Checks
April 09, 2020  |  Loans

Chime, America’s most valuable digital bank, has begun offering cash advances ahead of the $1,200 stimulus payments Americans will be receiving next week, according 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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Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs
Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs
April 09, 2020  |  Loans

The Federal Reserve said it would offer as much as $2.3 trillion in loans aimed at shoring up small to mid-sized businesses, U.S. households and...

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