loans

Wells Fargo Says Lift Asset Cap To Helps SMBs

Wells Fargo Says Lift Asset Cap To Helps SMBs
Wells Fargo Says Lift Asset Cap To Helps SMBs
April 06, 2020  |  Loans

Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP). But...

READ MORE >
Plaid Offers Lenders Payroll Data To Expedite SMB Loans
Plaid Offers Lenders Payroll Data To Expedite SMB Loans
April 06, 2020  |  Loans

Plaid, a startup being acquired by Visa, wants to help money get to those who need loans faster. To do so, it’s attacking the problem...

READ MORE >
Small Business Rescue Program Encounters Technical Challenges
Small Business Rescue Program Encounters Technical Challenges
April 06, 2020  |  Loans

Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth day on Monday...

READ MORE >
Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI Voice Assistant Startup Voysis
Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI...
April 06, 2020  |  News

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice...

READ MORE >
BOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone 
BOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone 
April 06, 2020  |  Coronavirus

Three days after lenders began accepting applications for business bailout loans, Bank of America said requests for the cash reached 10 percent by Monday (April...

READ MORE >
Wells Fargo To Cap SMB Bailout Loans at $10 Billion
Wells Fargo To Cap SMB Bailout Loans at $10 Billion
April 06, 2020  |  Loans

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10...

READ MORE >
Switzerland Issues $15B In SMB Loans Within First Week Of Launch
Switzerland Issues $15B In SMB Loans Within First Week Of Launch
April 05, 2020  |  Loans

Switzerland is in the midst of an economic surge compared to other coronavirus-ravaged countries, with fast and efficient loans making the difference, experts say. Get...

READ MORE >
Global Bankers Release $500B In Capital To Facilitate Lending
Global Bankers Release $500B In Capital To Facilitate Lending
April 05, 2020  |  Loans

Financial regulators have made $500 billion in capital available for lenders around the world, which gives lenders the freedom for another $5 trillion of loans...

READ MORE >
BoA Receives $6B In SMB Loan Requests Within Hours
BoA Receives $6B In SMB Loan Requests Within Hours
April 05, 2020  |  B2B Payments

Banks were supposed to start taking applications for the Paycheck Protection Program (PPP) on Friday (April 3), but among the bigger U.S. lenders, only Bank...

READ MORE >