Forgivable Loans news and trends

US Lenders Expect Few Loan Defaults
Loans // June 08, 2020

U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will resume payments soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

SMBs Could Get More Flexibility To Use PPP Loans 
Loans // May 17, 2020

The rules surrounding small business loans from the Paycheck Protection Program (PPP) are being overhauled as demand cools and small and medium-sized business (SMBs) owners voice complaints that the money is hard to get. Get the Full Story Complete the form to unlock this article...

$120B Still Available As Appetite For PPP Loans Slows
Loans // May 12, 2020

The small business Paycheck Protection Program (PPP) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small Business Administration (SBA) data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Quick Reads
Wells Fargo Sets Out Its $400M Plan For Small Business Aid

July 09, 2020
Wells Fargo has come up with details of how it will donate the $400 million in processing fees that it raked in from the U.S. Paycheck Protection Program. In a press release, the company said it would use its new Open for Business Fund “to engage nonprofit organizations to provide capital, technical support, and long-term resiliency […]

US Lenders Expect Few Loan Defaults

June 08, 2020
U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will resume payments soon. Get the...

SMBs Could Get More Flexibility To Use PPP Loans 

May 17, 2020
The rules surrounding small business loans from the Paycheck Protection Program (PPP) are being overhauled as demand cools and small and medium-sized business (SMBs) owners voice complaints that the money...

$120B Still Available As Appetite For PPP Loans Slows

May 12, 2020
The small business Paycheck Protection Program (PPP) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small Business Administration (SBA) data. Get...