loans

Bumpy First Days As Banks Grapple With SMB PPP Demand
Bumpy First Days As Banks Grapple With SMB PPP Demand
April 05, 2020  |  Loans

Call it a bumpy beginning — and that’s a charitable statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Bank Of America Boasts $22B In Bailout Loans
Bank Of America Boasts $22B In Bailout Loans
April 03, 2020  |  Coronavirus

It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion...

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People’s Bank Of China Injects $56B Of Liquidity To Boost Lending
People’s Bank Of China Injects $56B Of Liquidity To Boost Lending
April 03, 2020  |  International

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as...

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Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
April 02, 2020  |  Loans

Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing...

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Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
April 02, 2020  |  Coronavirus

Treasury Secretary Steve Mnuchin announced shortly after 7 p.m. Thursday, April 2 that the Paycheck Protection Program was live and ready to begin distributing $350...

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Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
April 02, 2020  |  Coronavirus

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic....

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SMBs Accuse Kabbage Of Abruptly Canceling Credit
SMBs Accuse Kabbage Of Abruptly Canceling Credit
April 02, 2020  |  B2B Payments

Amid a climate in which cash needs are on the rise, it’s been reported that Kabbage Inc. has abruptly cut off credit to small business...

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics
Deep Dive: Digital-First Banks Harness The Power Of Data Analytics
April 02, 2020  |  Digital-First Banking

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New Data: SMBs Shift COVID Cash Flow Challenges To Their Workforce
New Data: SMBs Shift COVID Cash Flow Challenges To Their Workforce
April 02, 2020  |  Coronavirus

The coronavirus pandemic is advancing, wreaking havoc on U.S. citizens and the economy. Get the Full Story Complete the form to unlock this article and...

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