Paycheck Protection Program

Newtek Small Business Finance Has Funded Over $500M For PPP
Newtek Small Business Finance Has Funded Over $500M For PPP
April 27, 2020  |  B2B Payments

Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck...

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LA Lakers Return PPP Loan
LA Lakers Return PPP Loan
April 27, 2020  |  Loans

As the U.S. Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned...

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PPP Resumes Operation, But Delays Continue
PPP Resumes Operation, But Delays Continue
April 27, 2020  |  Coronavirus

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27)...

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Mnuchin: Relief Efforts Now Should Show Results In Summer
Mnuchin: Relief Efforts Now Should Show Results In Summer
April 26, 2020  |  Coronavirus

Treasury Secretary Steve Mnuchin remains in good spirits over the U.S.’s economic future as summer approaches, saying the financial aid efforts thus far should help...

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Some Smaller Public Cos Opt To Keep PPP Funds
Some Smaller Public Cos Opt To Keep PPP Funds
April 26, 2020  |  Loans

While some of the more than 200 publicly traded companies that received funds from the Paycheck Protection Program (PPP) agreed to return the millions of...

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ID Verification, Insurance AI, Stimulus Funds Top This Week’s News
ID Verification, Insurance AI, Stimulus Funds Top This Week’s News
April 24, 2020  |  News

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Today In Payments: 19 Firms Trialing China’s Digital Yuan; Treasury Directs Public Firms To Return PPP Money
Today In Payments: 19 Firms Trialing China’s Digital Yuan; Treasury Directs Public Firms To Return...
April 24, 2020  |  News

In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies...

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Banks Warn Replenished PPP Loan Funds May Already Be Spoken For
Banks Warn Replenished PPP Loan Funds May Already Be Spoken For
April 24, 2020  |  Loans

Banks are sounding the alarm that the upcoming funding round for the federal Paycheck Protection Program (PPP) is likely already tapped. “The majority if not...

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Treasury Directs Public Firms To Return Small Business PPP Money
Treasury Directs Public Firms To Return Small Business PPP Money
April 24, 2020  |  Loans

The Treasury Department issued new guidance on Thursday (April 23) directing publicly traded companies to return Paycheck Protection Program (PPP) loans by May 7 if...

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