small business

SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans

SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans
SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans
April 22, 2020  |  Security & Fraud

Nearly 8,000 applicants for small business loans through the government’s Emergency Injury Disaster Loan (EIDL) stimulus program have possibly been affected by a data breach...

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Amid Scramble For Fed Funds, Fundamental Question: Who’s An SMB?
Amid Scramble For Fed Funds, Fundamental Question: Who’s An SMB?
April 21, 2020  |  Economy

The middle of a deepening recession may not be the best time to play with semantics. Get the Full Story Complete the form to unlock...

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Schumer: ‘We Have a Deal’ On More PPP Funding, Although GOP Not Quite Sure
Schumer: ‘We Have a Deal’ On More PPP Funding, Although GOP Not Quite Sure
April 21, 2020  |  Loans

U.S. Senate Minority Leader Chuck Schumer (D-New York) said on Tuesday (April 21) that “we have a deal” on a new $300 billion-plus package of...

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Main Street ‘Cash Chasm’ Too Deep For Many SMBs
Main Street ‘Cash Chasm’ Too Deep For Many SMBs
April 21, 2020  |  Coronavirus

It’s been two weeks since the Payroll Protection Program (PPP) began accepting applications for emergency aid, and as of April 16, the Small Business Administration’s...

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The Next Round Of PPP Funds: Will It Happen In Time For SMBs?
The Next Round Of PPP Funds: Will It Happen In Time For SMBs?
April 20, 2020  |  Coronavirus

Reports indicate that Senate Democrats and Republicans are approaching an agreement that would add more than $400 billion into the Paycheck Protection Program (PPP) for...

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JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
April 17, 2020  |  Loans

JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association...

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SBA Says It Has Approved 1.6M PPP Loans
SBA Says It Has Approved 1.6M PPP Loans
April 17, 2020  |  Loans

The U.S. Small Business Administration (SBA) says that nearly 5,000 lenders have approved 1.6 million loans totaling $342.2 billion under the agency’s Paycheck Protection Program. Get...

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FinTech Faces Hurdles Making SBA Loans
FinTech Faces Hurdles Making SBA Loans
April 16, 2020  |  Digital Banking

PayPal Holdings Inc., Square Inc. and Intuit Inc., three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was...

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SBA Emergency Loan Program Bombarded With Over 3 Million Applications
SBA Emergency Loan Program Bombarded With Over 3 Million Applications
April 16, 2020  |  B2B Payments

After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low...

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