Small Business Administration

Failed $16 Billion Rescue Program Hits Sour Notes For Music Venues
Failed $16 Billion Rescue Program Hits Sour Notes For Music Venues
April 18, 2021  |  Economy

A $16 billion federal program designed to help performance venues and museums closed due to COVID-19 that was supposed to debut more than a week...

READ MORE >
SBA Doubled Up Loans To More Than 4,000 Businesses
SBA Doubled Up Loans To More Than 4,000 Businesses
March 15, 2021  |  Loans

According to an analysis by the Small Business Administration (SBA)’s Office of the Inspector General, there were 4,260 borrowers who received duplicate loans sent out...

READ MORE >
With Just Over Half Of PPP Funds Approved For Loans, Legislators Aim For Extension
With Just Over Half Of PPP Funds Approved For Loans, Legislators Aim For Extension
March 11, 2021  |  SMBs

A potential deal to lengthen the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP) is in progress ahead of the initiative’s current March 31 deadline,...

READ MORE >
Biden Administration Puts New PPP Focus On Smaller, Minority-Owned Firms
Biden Administration Puts New PPP Focus On Smaller, Minority-Owned Firms
February 22, 2021  |  Economy

President Biden plans to rework the U.S. Paycheck Protection Program (PPP) so that smaller companies, those in underserved communities and those owned by minorities gain...

READ MORE >
Shuttered Venue Operators Hanging On Delayed $15 Billion SBA Grants
Shuttered Venue Operators Hanging On Delayed $15 Billion SBA Grants
February 16, 2021  |  Economy

A $15 billion Small Business Administration (SBA) grant program for companies in the business of live events has still not launched, The Wall Street Journal...

READ MORE >
Cultural Venues Seeking Relief Could Overwhelm Federal Fund
Cultural Venues Seeking Relief Could Overwhelm Federal Fund
February 04, 2021  |  Economy

Operators of cash-strapped performance venues shuttered by pandemic restrictions are expected to turn out in droves seeking funds from a $15 billion program Congress created...

READ MORE >
PPP Round Two: New Loans Top $72.7 Billion In January
PPP Round Two: New Loans Top $72.7 Billion In January
February 02, 2021  |  Loans

A new report from the Small Business Administration (SBA) found that there were $72.7 billion in Paycheck Protection Program (PPP) loans distributed in the month...

READ MORE >
PPP Round Two: SBA Approves $35 Billion In New Loans
PPP Round Two: SBA Approves $35 Billion In New Loans
January 26, 2021  |  Loans

The U.S. Small Business Administration (SBA) has approved 400,000 more pandemic relief loans worth $35 billion, saying it is trying to repair operational problems in...

READ MORE >
Today In Digital-First Banking: Banque de France Completes CBDC Pilot; New PPP Extends $5 Billion In Loans In First Week
Today In Digital-First Banking: Banque de France Completes CBDC Pilot; New PPP Extends $5 Billion...
January 20, 2021  |  Digital Banking

In today’s top news in digital-first banking, Banque de France has completed its central bank digital currency (CBDC) test, while roughly 60,000 loans were distributed during...

READ MORE >