SBA

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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Trump Wants Additional $250 Billion For SMB Loans
Trump Wants Additional $250 Billion For SMB Loans
April 07, 2020  |  Loans

President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized...

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SBA Computer System Crash Further Tangles PPP Loan Process
SBA Computer System Crash Further Tangles PPP Loan Process
April 07, 2020  |  Loans

The Paycheck Protection Program (PPP) introduced April 3 is experiencing more setbacks as the Small Business Administration (SBA) works to solve computer system problems, according...

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Small Business Rescue Program Encounters Technical Challenges
Small Business Rescue Program Encounters Technical Challenges
April 06, 2020  |  Loans

Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth day on Monday...

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Mnuchin: Community Banks Processed Almost $875M In Relief Loans
Mnuchin: Community Banks Processed Almost $875M In Relief Loans
April 03, 2020  |  Coronavirus

In a social media post, U.S. Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP)...

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Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
April 03, 2020  |  Loans

The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. Get the Full Story...

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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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Mnuchin Will Lobby For More SMB Money When First $350B Is Gone
Mnuchin Will Lobby For More SMB Money When First $350B Is Gone
April 01, 2020  |  Coronavirus

Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will go back to...

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SMBs Wary Of Stimulus Loans Without Returning Consumers
SMBs Wary Of Stimulus Loans Without Returning Consumers
March 25, 2020  |  Coronavirus

A debt trap may loom for the smaller businesses that desperately, and immediately, need access to capital. Get the Full Story Complete the form to...

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