Small Business Loans

FIS Connects With Lenders On COVID-19 Relief For Small Businesses
FIS Connects With Lenders On COVID-19 Relief For Small Businesses
April 03, 2020  |  Coronavirus

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 Payroll Protection Program,...

READ MORE >
Mnuchin: Community Banks Processed Almost $875M In Relief Loans
Mnuchin: Community Banks Processed Almost $875M In Relief Loans
April 03, 2020  |  Coronavirus

In a social media post, U.S. Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP)...

READ MORE >
Pelosi Calls For More SMB Funding For COVID-19 Relief
Pelosi Calls For More SMB Funding For COVID-19 Relief
April 03, 2020  |  Coronavirus

Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business loan funding, additional...

READ MORE >
Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
Why Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
April 03, 2020  |  Loans

The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. But is the $350...

READ MORE >
Bank Of America Can Now Accept Small Business Relief Applications
Bank Of America Can Now Accept Small Business Relief Applications
April 03, 2020  |  Coronavirus

Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small business loan program...

READ MORE >
Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
April 02, 2020  |  Coronavirus

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic....

READ MORE >
Can Stimulus Funds Battle Back The Main Street Cash Crunch?
Can Stimulus Funds Battle Back The Main Street Cash Crunch?
April 02, 2020  |  Economy

By the numbers the news is not bright this week — pretty much no matter where one looks as the coronavirus pandemic continues. Unemployment filings have...

READ MORE >
Deluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
Deluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
April 01, 2020  |  Coronavirus

Already buried in emergency loan applications from small and medium-sized businesses (SMBs), five U.K. lenders have dropped out of the Coronavirus Business Interruption Loan Scheme...

READ MORE >
Mnuchin Will Lobby For More SMB Money When First $350B Is Gone
Mnuchin Will Lobby For More SMB Money When First $350B Is Gone
April 01, 2020  |  Coronavirus

Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will go back to...

READ MORE >