Many US Restaurants Say PPP Loans Don’t Meet Their Needs

Many US Restaurants Say PPP Loans Don’t Meet Their Needs
Many US Restaurants Say PPP Loans Don’t Meet Their Needs
April 29, 2020  |  Loans

An industry trade group said it’s highly likely that many restaurants will return loans from the U.S. Small Business Association’s (SBA) bailout program, the Financial...

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Blue Apron Sees Higher Demand Because Of The Coronavirus
Blue Apron Sees Higher Demand Because Of The Coronavirus
April 29, 2020  |  Retail

Amid reaccelerated marketing efforts, Blue Apron saw net revenue rise 8 percent and customers increase 7 percent sequentially from Q4 2019. The meal kit company reported...

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Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
April 29, 2020  |  Loans

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury...

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Technology Is Helping FIs Build Resilience And Battle Black Swans
Technology Is Helping FIs Build Resilience And Battle Black Swans
April 29, 2020  |  Innovation

The trouble with black swan events is that no two of them look alike, so preparing for them is a dicey business. Get the Full...

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Macy’s Loses Credit Insurance Coverage
Macy’s Loses Credit Insurance Coverage
April 28, 2020  |  Retail

As if closing stores, laying off workers and incurring mounting debt amid the coronavirus pandemic wasn’t bad enough, now retailers face another obstacle, Bloomberg News reported....

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States Show Mixed Results Getting Extra $600-A-Week COVID Jobless Benefits Out
States Show Mixed Results Getting Extra $600-A-Week COVID Jobless Benefits Out
April 28, 2020  |  Coronavirus

The $600 a week in extra COVID-19 unemployment benefits that many laid-off U.S. workers have been expecting are showing up unevenly. Get the Full Story...

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Simon Said To Reopen 49 Malls In May
Simon Said To Reopen 49 Malls In May
April 28, 2020  |  Retail

The nation’s biggest mall owner is set to reopen more than four dozen shopping centers next month. Get the Full Story Complete the form to unlock...

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Stimulus Relief Checks: Less Spending, More Saving
Stimulus Relief Checks: Less Spending, More Saving
April 28, 2020  |  Economy

Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. All in, the $290 billion program – part of the $...

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PPP Loan Site Sputters On Opening Day Of Second Round
PPP Loan Site Sputters On Opening Day Of Second Round
April 28, 2020  |  Loans

The second round of Paycheck Protection Program (PPP) funding was an instant replay of the first, as the loan network collapsed from the tsunami of...

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