Small Business Administration

PPP Loans Could Be Boon For Banks In Processing Fees
PPP Loans Could Be Boon For Banks In Processing Fees
July 07, 2020  |  Banking

Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal...

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House Investigates Bank Procedures For PPP Loan Processing
House Investigates Bank Procedures For PPP Loan Processing
June 16, 2020  |  B2B Payments

A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when...

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Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
June 10, 2020  |  Economy

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...

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New Data: Inside Main Street SMB’s Digital Shift
New Data: Inside Main Street SMB’s Digital Shift
May 28, 2020  |  Coronavirus

When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and...

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BoA Experiences Potential PPP Application Data Breach
BoA Experiences Potential PPP Application Data Breach
May 27, 2020  |  Safety and Security

Bank of America notified principal owners of a potential data breach after the bank uploaded the loan applications of some customers to a “limited access,...

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PPP Loan Forgiveness May Be Hard To Win For Self-Employed Workers
PPP Loan Forgiveness May Be Hard To Win For Self-Employed Workers
May 22, 2020  |  Loans

The self-employed might regret getting one of the Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA). CNBC reported these independent contractors who...

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SMBs Could Get More Flexibility To Use PPP Loans 
SMBs Could Get More Flexibility To Use PPP Loans 
May 17, 2020  |  Loans

The rules surrounding small business loans from the Paycheck Protection Program (PPP) are being overhauled as demand cools and small and medium-sized business (SMBs) owners...

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Almost 350 Public Firms Keep PPP Loan As Giveback Deadline Hits
Almost 350 Public Firms Keep PPP Loan As Giveback Deadline Hits
May 14, 2020  |  Loans

Cutera, a California-based beauty device maker, was among the recipients of the Paycheck Protection Program (PPP) despite being worth $26.7 million in stock sales just...

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$120B Still Available As Appetite For PPP Loans Slows
$120B Still Available As Appetite For PPP Loans Slows
May 12, 2020  |  Loans

The small business Paycheck Protection Program (PPP) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small...

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