After a frenzied rush to file for small business loans, entrepreneurs nervously wait on bank approvals
As the government's $350 billion loan program gets underway, small business owners are anxiously awaiting notice from their lenders about loan approvals......»»
California bill to allow deductions on forgiven PPP loans is closer to approval
California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven may finally get some direction from the state on how to file their taxes......»»
Next Avenue: How entrepreneurs can raise money for a new business—and the advantages if you’re over 50
Believe it or not, small-business owners who are 50+ have two big advantages. Here's what to know about crowdfunding, grants, bank financing and tapping your savings......»»
Citi has 2,000 employees working on small-business loan program
Citigroup said it has shifted 2,000 employees to help with Paycheck Protection Program loans for small businesses. The bank has submitted more than 27,500 applications to the federal Small Business... To view the full story, click the title link......»»
Fed study finds SBA loans went to areas with more bank customers
Emergency small-business loans have gone disproportionately to areas where borrowers had pre-existing banking relationships rather than areas hardest hit by the coronavirus pandemic, according to... To view the full story, click the title link......»»
Bank of America receive loan approvals worth about $25 billion for small businesses
Bank of America Corp. said Monday that it has received loan approvals from the Small Business Ad.....»»
Fintech company Kabbage is offering eligible small businesses Paycheck Protection Program loans up to $2 million
Alyssa Powell/Business Insider Fintech company Kabbage has partnered with a bank that is an SBA-approved lender to provide automatic Paycheck Protection Program (PPP) loans to small businesses. You don't have to be an existing Kabbage customer.....»»
The stimulus money was supposed to help small businesses. But big banks reportedly let their wealthiest clients get money first.
Spencer Platt/Getty Images JPMorgan Chase, Citibank, and US Bank prioritized their wealthiest customers' applications for small-business loans, the New York Times reported on Wednesday. The bank.....»»
How a family-owned Nebraska bank became a leader on coronavirus loans
Working from home, employees hustled to process small-business applications under the Paycheck Protection Program......»»
Texas, California top SBA"s PPP approvals
Texas' small businesses received more loan approvals for the U.S. Small Business Administration's Paycheck Protection Program than any other state in the country – California received the most dollar volume. Texas had 134,737 loans approved, to.....»»
Wells Fargo again urges small business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo again urges small-business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small-business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo is again urging small-business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small-business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo is again urging small business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Wells Fargo is again urging small business customers to consider other banks for SBA relief loans
Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»
Small businesses say loans aren"t coming fast enough
When one business owner went to apply for a loan with the bank, his banker "didn't know what was going on.".....»»
Small businesses say loans aren"t coming fast enough
When one business owner went to apply for a loan with the bank, his banker "didn't know what was going on.".....»»
Fed studying if new facility for small business loans might be opened to non-bank lenders
The Federal Reserve may expand a program to back Small Business Administration loans to include non-bank lenders as a way to help speed distribution of $350 billion in loans considered critical to helping the smallest firms through the coronavirus crisis......»»
Wells Fargo asset cap eased for coronavirus small business loans
The Federal Reserve on Wednesday said it would temporarily ease its asset cap on Wells Fargo to encourage the bank to lend to small businesses harmed by the outbreak of coronavirus......»»
Fed says modifying Wells Fargo asset cap so bank can make more small business loans
The U.S. Fe.....»»
Fed says it will provide financing against new U.S. "payroll protection" loans
The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the U.S. central bank for cash, easing concerns among banks about getting stuck holding the low interest loans......»»