loans

Mnuchin: PPP Kept ‘Tens Of Millions’ Employed

Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
June 10, 2020  |  Economy

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...

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Amazon, Goldman Have Lots To Gain From Their New Partnership
Amazon, Goldman Have Lots To Gain From Their New Partnership
June 10, 2020  |  Partnerships

Small businesses hit hard by COVID-19 shutdowns are facing thin cash reserves, and the extension of credit to those SMBs has become an increasingly crowded...

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Merkado, Kapital Connection Team To Offer SMB Finance Options
Merkado, Kapital Connection Team To Offer SMB Finance Options
June 09, 2020  |  B2B Payments

Merkado RHA, which offers digital transformation solutions, will work with Singapore-based Kapital Connection to offer inclusive investing and financing services to Indian startups and small-...

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Auto Debt Set Records Before Potential Coronavirus Impact Hits
Auto Debt Set Records Before Potential Coronavirus Impact Hits
June 09, 2020  |  Debt

Trouble may be brewing in the key auto finance sector in the months ahead amid the economic fallout from the coronavirus, despite a drop in...

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Bracing For Another Wave Of SMB Lending Disruption
Bracing For Another Wave Of SMB Lending Disruption
June 09, 2020  |  B2B Payments

The financial services community continues to rally around America’s small- to medium-sized businesses (SMBs) with the understanding that Main Street remains the backbone of economic...

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Today In Payments: EU Launches Pandemic Economy Financial Crime Team; US Lenders Expect Few Loan Defaults
Today In Payments: EU Launches Pandemic Economy Financial Crime Team; US Lenders Expect Few Loan...
June 08, 2020  |  News

In today’s top news, the EU has established a team to fight financial crime amid the economic downturn, and U.S. lenders expect most borrowers to...

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US Lenders Expect Few Loan Defaults
US Lenders Expect Few Loan Defaults
June 08, 2020  |  Loans

U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will...

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High Tech Microlending — And Why Chickens Hatch Great ROI
High Tech Microlending — And Why Chickens Hatch Great ROI
June 08, 2020  |  Loans

The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed...

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