Small Business Administration

What’s Next For Small Businesses Amid The SBA PPP Loan Saga?
What’s Next For Small Businesses Amid The SBA PPP Loan Saga?
April 17, 2020  |  SMBs

On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic. The...

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SMBs Scramble For Cash As PPP Runs Dry
SMBs Scramble For Cash As PPP Runs Dry
April 16, 2020  |  Loans

As lawmakers battle over how the next round of bailout money for small businesses should be spent, the president and CEO of Atlanta’s Federal Reserve...

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Looking Back — And Ahead At What’s Next — As PPP Runs Dry
Looking Back — And Ahead At What’s Next — As PPP Runs Dry
April 16, 2020  |  Economy

And just like that: No more. Not now. For the time being, anyway. Small business owners have tapped into, and exhausted, the $349 billion Paycheck Protection...

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Fed Renews Pledge To Back PPP Loans
Fed Renews Pledge To Back PPP Loans
April 16, 2020  |  Coronavirus

The Federal Reserve Board reassured lenders on Thursday (April 16) that its loan guarantee program to small businesses is alive and well. Under the Small...

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SBA Small Business Loan Program Is Out Of Cash
SBA Small Business Loan Program Is Out Of Cash
April 16, 2020  |  Loans

There’s no more money in the Small Business Administration’s (SBA) bailout initiative. CNBC has reported that the $349 billion intended to keep small businesses afloat...

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Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive The Pandemic
Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive...
April 16, 2020  |  Coronavirus

The Paycheck Protection Program (PPP) began accepting applications on April 3. Lawmakers and business leaders alike have high hopes for the program, believing it will...

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SBA Fund Coffers Said To Run Dry Unless Congress Adds More
SBA Fund Coffers Said To Run Dry Unless Congress Adds More
April 15, 2020  |  Coronavirus

For businesses that have not yet applied for a loan under the $350 billion federal stimulus program designed to mitigate the economic ravages of the...

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Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In May
Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In...
April 10, 2020  |  News

In today’s top news, the Federal Reserve has launched a multi-trillion-dollar lending program that targets smaller companies and local governments, while the demand for Small...

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The Two Things Keeping PPP Funds From Flowing Into SMB Bank Accounts
The Two Things Keeping PPP Funds From Flowing Into SMB Bank Accounts
April 09, 2020  |  Banking

For the last week, a veritable tidal wave of small- to medium-sized business (SMB) owners have been lining up to apply for Paycheck Protection Program (PPP) funds —...

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