loans

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
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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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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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UK Urges Banks To Nix Personal Guarantees For SMBs
UK Urges Banks To Nix Personal Guarantees For SMBs
April 01, 2020  |  B2B Payments

The U.K. government is seeking an agreement with financial institutions (FIs) to forgo the need for small businesses to offer personal guarantees to get coronavirus...

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Portfolio Firms Want Cut Of Coronavirus SMB Rescue Funds
Portfolio Firms Want Cut Of Coronavirus SMB Rescue Funds
April 01, 2020  |  Coronavirus

Industry lobbyists and executives from major private equity firms are asking the federal government for a piece of the coronavirus small business stimulus funds, the...

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Banks Will See Windfall From SMB $350B COVID-19 Bailout
Banks Will See Windfall From SMB $350B COVID-19 Bailout
April 01, 2020  |  SMBs

Financial institutions stand to make billions from the $350 billion coronavirus bailout package for small and medium-sized businesses (SMBs), according to a Financial Times (FT)...

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NYMBUS Accelerates SBA Loan Processing For Banks
NYMBUS Accelerates SBA Loan Processing For Banks
March 31, 2020  |  B2B Payments

A new program from NYMBUS will help small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic apply for loans through an online portal, according...

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