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Small Business Loans
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LoansFed Releases Main Street Program Lender List
The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending...
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Loans$132B Still Available From PPP, Including $30B That Companies Returned
There’s still lots of federal cash available for small and medium-sized businesses (SMBs) in need of a hand up through the COVID-19...
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LoansWill Congress Extend The PPP’s June 30 Deadline?
The deadline for applying for Paycheck Protection Program loans is coming next Tuesday (June 30) after the PPP’s long and eventful run,...
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LoansGoldman Pledges Another $250M For SMB Loans, Aims To Help Minority-Owned Businesses
Goldman Sachs has upped the ante by another $250 million in the amount of capital it is providing for a federal loan...
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LoansMore PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
It’s no secret that the federal Paycheck Protection Program (PPP) has had a rocky few weeks since initially launching in early April....
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EconomyADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
The pandemic has spared no one on Main Street – the fallout has touched everyone, from the smallest of storefronts to the...
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EconomyLooking Back — And Ahead At What’s Next — As PPP Runs Dry
And just like that: No more. Not now. For the time being, anyway. Small business owners have tapped into, and exhausted, the $349...
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CoronavirusFed Renews Pledge To Back PPP Loans
The Federal Reserve Board reassured lenders on Thursday (April 16) that its loan guarantee program to small businesses is alive and well....
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LoansSBA Small Business Loan Program Is Out Of Cash
There’s no more money in the Small Business Administration’s (SBA) bailout initiative. CNBC has reported that the $349 billion intended to keep...
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CoronavirusSBA Fund Coffers Said To Run Dry Unless Congress Adds More
For businesses that have not yet applied for a loan under the $350 billion federal stimulus program designed to mitigate the economic...
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CoronavirusBrazil Plans Small Business Coronavirus Bailout
Help is on the way to small businesses in Brazil, as the country plans to launch a $1.9 billion program to support...
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CoronavirusUS Senate Fails To Pass Additional SMB Aid
A federal measure to provide additional relief for small and medium-sized businesses (SMBs) hurt by the coronavirus pandemic will have to wait....
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LoansTrump Wants Additional $250 Billion For SMB Loans
President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help...
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LoansSenate Majority Leader Calls For More SMB Relief Funds
Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a...
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LoansSmall Business Rescue Program Encounters Technical Challenges
Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth...
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EconomySMBs Scramble As Bigger Firms Eye Piece Of The $349B PPP Pie
In business, size matters. Larger firms, typically, have the capital cushion to weather economic shocks better than smaller peers, as they have broader...
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CoronavirusBOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone
Three days after lenders began accepting applications for business bailout loans, Bank of America said requests for the cash reached 10 percent...
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CoronavirusBank Of America Boasts $22B In Bailout Loans
It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied...
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LoansJPMorgan Now Taking Applications For Paycheck Protection Program
JPMorgan, one of the nation’s largest lenders, started accepting applications for loans from the federal government’s Paycheck Protection Program (PPP) on Friday...
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CoronavirusFIS Connects With Lenders On COVID-19 Relief For Small Businesses
Florida-based FinTech FIS is helping lenders provide Small Business Administration (SBA) loans under the coronavirus stimulus package, the company announced Friday (April 3). The...
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CoronavirusMnuchin: Community Banks Processed Almost $875M In Relief Loans
In a social media post, U.S. Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck...
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CoronavirusPelosi Calls For More SMB Funding For COVID-19 Relief
Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business...
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LoansWhy Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. But...
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CoronavirusBank Of America Can Now Accept Small Business Relief Applications
Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small...
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CoronavirusBottomline Helps Small Businesses Apply For COVID-19 Relief Funding
New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by...
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EconomyCan Stimulus Funds Battle Back The Main Street Cash Crunch?
By the numbers the news is not bright this week — pretty much no matter where one looks as the coronavirus pandemic...
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CoronavirusDeluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
Already buried in emergency loan applications from small and medium-sized businesses (SMBs), five U.K. lenders have dropped out of the Coronavirus Business...
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CoronavirusMnuchin Will Lobby For More SMB Money When First $350B Is Gone
Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will...
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B2B PaymentsOpen Banking Expands Into SMB Lending, Smaller Banks
Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. But the latest...
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LoansWhy The Goldman-Amazon Bet On SMB Loans Is No Sure Thing
In the platform economy, scale matters. And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses...
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SMBsGoldman, Amazon Discuss SMB Lending Partnership
Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S.,...
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B2B PaymentsJudo Bank Adds InfraRisk Tech To Bolster SMB Lending
Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending...
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InternationalChina Ramps Up SMB Loans To Boost Economy
Chinese banks are easing loan requirements in an attempt to stimulate a stalled economy and fulfill the government’s goal to increase small...
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B2B PaymentsGerman Digital Banking Firm Penta Clears Gateway For Iwoca loans
Germany’s Penta, the digital platform for small and medium-sized business (SMB) banking, is partnering with the German FinTech iwoca, to help those...
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LoansGiving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why
Of late, California’s emissions standards have become a source of some controversy as the state’s ability to set emission standards for cars...
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BitcoinBitcoin Daily: Bank of China Issues $2.8B Via Blockchain; Brazil Fines Failure To Declare Crypto
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using...
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B2B PaymentsUK Finance Solution Provider 1pm Opens New Facilities
The U.K.-based independent finance provider 1pm is opening new facilities for the group’s loan division to enable it to better serve small...
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B2B PaymentsPayPal Expands SMB Loan Offering To Canada
PayPal is expanding its small business lending operations into Canada. In a press release issued on Monday (Oct. 21), the company announced...
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B2B PaymentsSmall Business Loan Fraud Puts FinServ On High Alert
Though fraud technology has evolved to combat the monster of payments fraud, there is a growth threat for banks that innovators are...
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B2B PaymentsEurope Business Lender iwoca Awarded £10M Stipend
A £10m grant from Banking Competition Remedies (BCR) was awarded to iwoca, one of Europe’s largest business lenders, as announced by iwoca...
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BankingUK’s B-North To Launch SMB-Only Banks Next Year
B-North has announced plans to open a network of small-business-only bank offices throughout the U.K. by the end of next year. The...
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B2B PaymentsMarketplace Lending At The Crux Of Changing SMB Finance Tides
The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially...
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LoansSquare Capital Expands SMB Loan Access To Third Parties
Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the...
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B2B PaymentsOnDeck Launches Same Day ACH Service For SMB Borrowers
Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. In...
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Alternative FinancesPayPal Hits £1B UK SMB Lending Milestone
PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United...
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B2B PaymentsFunding Circle Hits $2B In SMB Loan Volume
Alternative lending firm Funding Circle announced it has reached $2 billion in small business loans facilitated through its platform, a figure that...
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B2B PaymentsLendingClub Links Lenders To Loan Metrics Via Brismo
Lending performance data solutions provider Brismo is integrating its technology into the LendingClub platform, enabling lenders to analyze the performance of their...
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B2B PaymentsAlt Lender Fountainhead Secures SBA Loan License
Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. A press release issued on...
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B2B PaymentsCapX Taps Moody’s For SMB Loan Underwriting
Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. The...
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B2B PaymentsFundation Digitizes SMB Loans For Banc Of California
Alternative small business lender Fundation has struck a new partnership with another financial institution, the company revealed Wednesday (Jan. 23). In a...
