Small Business Administration

$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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Today In Payments: Mastercard Expands Commitment To Connect 1B People; Digital Car Buying Platform Vroom To Test June IPO
Today In Payments: Mastercard Expands Commitment To Connect 1B People; Digital Car Buying Platform Vroom...
May 11, 2020  |  News

In today’s top news, Mastercard vows to connect 1 billion people to the digital economy by 2025, and Vroom is looking at filing an initial...

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PPP, SBA Disbursements Seek Faster Routes
PPP, SBA Disbursements Seek Faster Routes
May 11, 2020  |  Disbursements

As May flowers bloom, millions of Americans are still awaiting pandemic relief monies from the government. Some got it via direct deposit. Others believe there’s...

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Report Says SBA Erred In Providing PPP Loan Guidance
Report Says SBA Erred In Providing PPP Loan Guidance
May 08, 2020  |  Loans

A new report says the Small Business Administration (SBA) failed to follow several congressional mandates in implementing a loan program designed to aid businesses during...

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Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
May 08, 2020  |  Loans

The Paycheck Protection Program (PPP) is going back to court, this time over the new guidance handed out by the federal government on April 29...

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Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
May 08, 2020  |  Gig Economy

Businesses and consumers still see the new coronavirus’s reverberating effects upon their finances and lives. Gig workers have been particularly affected by the pandemic, as...

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SBA Shuts Door On SMB Disaster Loans
SBA Shuts Door On SMB Disaster Loans
May 07, 2020  |  Loans

Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The...

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Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan
Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan
May 07, 2020  |  Legal

As the deadline looms for businesses to return Paycheck Protection Program (PPP) loans they were ineligible for, a California software company is suing the Small...

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Banks Extend $500B In PPP Loans To Help Struggling SMBs 
Banks Extend $500B In PPP Loans To Help Struggling SMBs 
May 05, 2020  |  Loans

Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business...

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