SBA

The Paycheck Protection Program, Round Two
The Paycheck Protection Program, Round Two
April 22, 2020  |  Loans

U.S. small businesses have been waiting on pins and needles for Capitol Hill to determine the future of the Paycheck Protection Program (PPP), and now...

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JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
April 22, 2020  |  Loans

While the Payment Protection Program (PPP) was aimed in part at mom-and-pop businesses – and is run through the Small Business Administration (SBA) – it...

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SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans
SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans
April 22, 2020  |  Security & Fraud

Nearly 8,000 applicants for small business loans through the government’s Emergency Injury Disaster Loan (EIDL) stimulus program have possibly been affected by a data breach...

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What We’ve Learned Watching Uncle Sam Disburse $2T In Stimulus Payments
What We’ve Learned Watching Uncle Sam Disburse $2T In Stimulus Payments
April 22, 2020  |  Coronavirus

The unprecedented $2 trillion stimulus package pushed forward a little over a month ago was no doubt created and passed with the best of all...

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Senate Passes Bill That Adds $310B More To PPP Loans
Senate Passes Bill That Adds $310B More To PPP Loans
April 21, 2020  |  Loans

The Senate has passed a new $484 billion coronavirus relief package, including more than $300 billion in additional funds for the Paycheck Protection Program (PPP) designed...

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Schumer: ‘We Have a Deal’ On More PPP Funding, Although GOP Not Quite Sure
Schumer: ‘We Have a Deal’ On More PPP Funding, Although GOP Not Quite Sure
April 21, 2020  |  Loans

U.S. Senate Minority Leader Chuck Schumer (D-New York) said on Tuesday (April 21) that “we have a deal” on a new $300 billion-plus package of...

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Main Street ‘Cash Chasm’ Too Deep For Many SMBs
Main Street ‘Cash Chasm’ Too Deep For Many SMBs
April 21, 2020  |  Coronavirus

It’s been two weeks since the Payroll Protection Program (PPP) began accepting applications for emergency aid, and as of April 16, the Small Business Administration’s...

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Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
April 20, 2020  |  News

In today’s top news, Shake Shack said it would return the $10 million Paycheck Protection Program (PPP) loan from the government, and Uber expanded its...

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Small Businesses Question Handling Of US Stimulus Loans
Small Businesses Question Handling Of US Stimulus Loans
April 20, 2020  |  Loans

As Congress was poised on Monday (April 20) to replenish funds for its small business loan program, complaints persist about how previous funds were doled...

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