Paycheck Protection Program

Judge Lets Bank Of America Favor SMB Clients With PPP Loans
Judge Lets Bank Of America Favor SMB Clients With PPP Loans
April 15, 2020  |  B2B Payments

A federal judge has ruled that Bank of America (BoA) can prioritize its own customers in distributing loans for the $349 billion Paycheck Protection Program...

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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses
More PPP Funds Would Help CDFIs Lend Money To Micro Businesses
April 14, 2020  |  Coronavirus

Community Development Financial Institutions (CDFIs) are hoping more Paycheck Protection Program (PPP) funding is passed by Congress soon so that smaller businesses left behind can...

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Mark Cuban Says Banks Moving Too Slow To Help SMBs
Mark Cuban Says Banks Moving Too Slow To Help SMBs
April 13, 2020  |  Loans

Billionaire entrepreneur Mark Cuban, owner of the Dallas Mavericks and investor on the reality show “Shark Tank,” said the Paycheck Protection Program (PPP) is moving...

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Why PPP Will Be A Pivot Point For The Future Of Digital Security
Why PPP Will Be A Pivot Point For The Future Of Digital Security
April 13, 2020  |  Security & Fraud

Small businesses are hurting, which has been reflected in record unemployment numbers, the near-total shutdown of mainstream businesses and in PYMNTS data revealing that as...

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PayPal Approved To Process SMB PPP Loans
PayPal Approved To Process SMB PPP Loans
April 12, 2020  |  Disbursements

PayPal has become one of the first non-bank institutions allowed to distribute loans to help small- to medium-sized businesses (SMBs) in response to the coronavirus...

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Trump Wants New Business Relief Pushed Through As-Is
Trump Wants New Business Relief Pushed Through As-Is
April 10, 2020  |  Coronavirus

A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to pass the measure...

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JPMC Halts Non-PPP SMB Loans
JPMC Halts Non-PPP SMB Loans
April 08, 2020  |  Loans

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase, which has decided to focus solely...

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GIACT To Help Streamline Financial Aid For SMBs In COVID-19 Payout
GIACT To Help Streamline Financial Aid For SMBs In COVID-19 Payout
April 08, 2020  |  Authentication

GIACT, which helps to verify and authenticate customers for businesses, is getting into the fray of the Paycheck Protection Program (PPP) for small- to medium-sized...

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Mastercard Pledges $250M In Help For Small Businesses
Mastercard Pledges $250M In Help For Small Businesses
April 07, 2020  |  Mastercard

Recognizing that Main Street is being hard hit by the coronavirus pandemic, Mastercard committed $250 million over the next five years to support small- to...

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