Small Business Administration

Some Smaller Public Cos Opt To Keep PPP Funds
Some Smaller Public Cos Opt To Keep PPP Funds
April 26, 2020  |  Loans

While some of the more than 200 publicly traded companies that received funds from the Paycheck Protection Program (PPP) agreed to return the millions of...

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SBA To Roll Out More COVID-19 SMB Aid Early Next Week
SBA To Roll Out More COVID-19 SMB Aid Early Next Week
April 24, 2020  |  Coronavirus

U.S. Senator Marco Rubio said the Small Business Administration (SBA) will make more financial assistance available early next week for small businesses impacted by COVID-19,...

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What’s Next For PPP: A Banker, An SMB And A FinTech CEO Weigh In
What’s Next For PPP: A Banker, An SMB And A FinTech CEO Weigh In
April 24, 2020  |  Loans

The rollout of the Paycheck Protection Program (PPP) aimed at small- to medium-sized businesses (SMBs) has, by any account, been a wild ride to date....

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$484B Stimulus Bill Heads To President Trump For Signature
$484B Stimulus Bill Heads To President Trump For Signature
April 23, 2020  |  Loans

The House of Representatives on Thursday (April 23) passed a $484 billion bill for more financial aid for small- to medium-sized businesses (SMBs) and others...

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Ruth’s Chris Steakhouse To Return $20M In PPP Relief Loans
Ruth’s Chris Steakhouse To Return $20M In PPP Relief Loans
April 23, 2020  |  Coronavirus

Another high-profile corporation is giving back its Paycheck Protection Program (PPP) money. The Ruth’s Chris steakhouse chain will return two loans totaling $20 million, The...

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SBA Says Large Firms ‘Unlikely’ To Get Next Round Of PPP
SBA Says Large Firms ‘Unlikely’ To Get Next Round Of PPP
April 23, 2020  |  Coronavirus

The Small Business Administration (SBA) has issued new rules it says will make it unlikely that publicly traded companies will receive money from the next...

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How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic
How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic
April 23, 2020  |  Digital-First Banking

The COVID-19 pandemic is creating new challenges for banks, as social distancing measures are pushing more customers to look for in-person services online, like loan...

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Nikola Motor CEO Defends $4M In PPP Funds
Nikola Motor CEO Defends $4M In PPP Funds
April 22, 2020  |  Loans

Trevor Milton, the CEO and founder of Nikola Motor Company, is defending his company’s receipt of $4.1 million from the Small Business Administration’s (SBA’s) Paycheck...

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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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