Small Business Loans

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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Brazil Plans Small Business Coronavirus Bailout
Brazil Plans Small Business Coronavirus Bailout
April 13, 2020  |  Coronavirus

Help is on the way to small businesses in Brazil, as the country plans to launch a $1.9 billion program to support micro businesses hit...

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US Senate Fails To Pass Additional SMB Aid
US Senate Fails To Pass Additional SMB Aid
April 10, 2020  |  Coronavirus

A federal measure to provide additional relief for small and medium-sized businesses (SMBs) hurt by the coronavirus pandemic will have to wait. In a duel...

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Trump Wants Additional $250 Billion For SMB Loans
Trump Wants Additional $250 Billion For SMB Loans
April 07, 2020  |  Loans

President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized...

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Senate Majority Leader Calls For More SMB Relief Funds
Senate Majority Leader Calls For More SMB Relief Funds
April 07, 2020  |  Loans

Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a small business loan...

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Small Business Rescue Program Encounters Technical Challenges
Small Business Rescue Program Encounters Technical Challenges
April 06, 2020  |  Loans

Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth day on Monday...

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SMBs Scramble As Bigger Firms Eye Piece Of The $349B PPP Pie
SMBs Scramble As Bigger Firms Eye Piece Of The $349B PPP Pie
April 06, 2020  |  Economy

In business, size matters. Larger firms, typically, have the capital cushion to weather economic shocks better than smaller peers, as they have broader customer bases, more...

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BOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone 
BOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone 
April 06, 2020  |  Coronavirus

Three days after lenders began accepting applications for business bailout loans, Bank of America said requests for the cash reached 10 percent by Monday (April...

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Bank Of America Boasts $22B In Bailout Loans
Bank Of America Boasts $22B In Bailout Loans
April 03, 2020  |  Coronavirus

It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion...

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