Small Business Loans

Cloud Banking Firm nCino, Codat Team on SMB Loan Underwriting
Cloud Banking Firm nCino, Codat Team on SMB Loan Underwriting
September 14, 2022  |  Digital-First Banking

Codat, an API for small business data, will be partnering with cloud banking firm nCino to automate and accelerate the ways banks can underwrite small...

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Fed Relaxes Requirements For Nonprofits To Borrow From Main Street Lending Program
Fed Relaxes Requirements For Nonprofits To Borrow From Main Street Lending Program
July 17, 2020  |  Loans

It will now be a lot easier for schools, hospitals and social service organizations to access funds using the Main Street Lending Program. The initiative,...

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Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
July 17, 2020  |  Loans

Another phase of the Paycheck Protection Program (PPP) should be more focused and should provide loans on a “more targeted” basis to help the companies...

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Fed Releases Main Street Program Lender List
Fed Releases Main Street Program Lender List
July 08, 2020  |  Loans

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 Program on Wednesday...

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$132B Still Available From PPP, Including $30B That Companies Returned
$132B Still Available From PPP, Including $30B That Companies Returned
July 06, 2020  |  Loans

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 crisis. In a...

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Will Congress Extend The PPP’s June 30 Deadline?
Will Congress Extend The PPP’s June 30 Deadline?
June 26, 2020  |  Loans

The deadline for applying for Paycheck Protection Program loans is coming next Tuesday (June 30) after the PPP’s long and eventful run, which started in...

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Goldman Pledges Another $250M For SMB Loans, Aims To Help Minority-Owned Businesses
Goldman Pledges Another $250M For SMB Loans, Aims To Help Minority-Owned Businesses
June 15, 2020  |  Loans

Goldman Sachs has upped the ante by another $250 million in the amount of capital it is providing for a federal loan program aimed at...

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More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
May 19, 2020  |  Loans

It’s no secret that the federal Paycheck Protection Program (PPP) has had a rocky few weeks since initially launching in early April. There were the...

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ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
May 06, 2020  |  Economy

The pandemic has spared no one on Main Street – the fallout has touched everyone, from the smallest of storefronts to the largest of mid-sized...

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