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U.S. banks further eased business loan standards in Q2 2018
Loan officers at U.S. banks reported easing lending standards for business loans for firms of all sizes while keeping terms for commercial real estate loans almost unchanged in the second quarter, a Federal Reserve survey showed on Monday......»»
With rare SBA license in hand, nonprofit Arkansas Capital will fund startup loans in Missouri
The SBA hasn't awarded a small business lending company license in 40 years. One of the three recent recipients plans to set up shop in Missouri......»»
Energize Colorado boosts local economy with $14M in lending to small businesses
In a game-changing move for the state’s economy, Energize Colorado announces it has injected $14 million in low-interest loans to over 300 local small business owners across various industries, supporting a sector that is the backbone of the stat.....»»
After big success with business loans, Square tests personal loans to Cash App users
“We do see a pretty incredible opportunity around lending to individuals,” said Square CEO Jack Dorsey......»»
Emergency disaster lending program for small businesses slashes loan cap
After initially telling businesses that individual disaster loans could be as high as $2 million, the Small Business Administration has now imposed a $150,000 limit without publicly announcing the change, people familiar with the situation said......»»
Time to Fix What’s Broken: Senate Leaders Seek Oversight of PPP Loans
WASHINGTON, D.C. – Since the launch of the Paycheck Protection Program (PPP), small business owners have been left behind by their banks and the government... The post Time to Fix What̵.....»»
Hotel Group Will Return Tens of Millions in Small Business Loans
One of the biggest beneficiaries of the government’s small business lending program said on Saturday that its companies will return at least $70 million in loans received through the Paycheck Protection Program. .....»»
Minority businesses worry they are locked out of payroll lending program
As the government issues a second round of aid for small business owners, some U.S. senators, community banking groups and minority-owned banks said they are worried businesses owned by people of color may miss out on receiving much-needed loans......»»
JPMorgan’s small-business loans instead went to its biggest customers
JPMorgan Chase & Co. provided loans to virtually all of its commercial banking customers that sought financing through the small business relief program, while the lender’s smallest customers were... To view the full story, click the title link......»»
ServisFirst CEO offers insights on bank"s PPP lending: Six months of loans in two weeks
SBA lending hasn't traditionally been a big line of business for ServisFirst......»»
PRESENTING: What to do if you missed out on federal small business loans, now that funding has dried up
Getty Images Less than two weeks after launch, all of the $349 billion allocated to small businesses in the CARES Act has been committed, meaning banks no longer have the backing of the US Treasury to provide forgiveable lo.....»»
Optimism still high so far for commercial developers in COVID-19 world
The coronavirus pandemic may have something to say about it, but local commercial developers were at least optimistic about their business at the start of the recovery......»»
Seeking equity in PPP lending, Wyden seeks demographic information
The Oregon Senator, the ranking member of the Senate Finance Committee, wants to know whether people of color had equitable access to $349 billion in business relief loans......»»
California scores largest share of nation"s PPP money
California businesses took in more federal PPP money than did those in any other state in the nation, according to final lending numbers. As of Thursday, California businesses had been approved for 112,967 loans through the U.S. Small Business Administ.....»»
113,000 PPP loans go to California businesses
California businesses took in more federal PPP money than did those in any other state in the nation according to final lending numbers. As of Thursday, California businesses had been approved for 112,967 loans through the U.S. Small Business Administr.....»»
The US government is on the verge of running out of money for coronavirus small business loans
Reuters The government is approaching the $349 billion lending limit on its Pay.....»»
Federal Reserve offers $600B to small and midsize business — here"s how it works
The Federal Reserve will launch a $600 billion low-interest loan program designed to fill in the cracks in the Small Business Administration's Paycheck Protection Program. The Main Street Lending Program is available to businesses with fewer than 1.....»»
Federal Reserve offers $600B to small and mid-sized business; here’s how it works
The Federal Reserve will launch a $600 billion low-interest loan program designed to fill in the cracks in the Paycheck Protection Program. The Main Street Lending Program is available to businesses with fewer than 10,000 employees and revenue of .....»»
PayPal and Intuit Can Make Emergency Small-Business Coronavirus Loans
The fintechs join traditional banks in the new Small Business Administration lending program......»»
Colorado-based brewer group: More than half of craft breweries fear closing in next 3 months
In addition, a Business Journals analysis of SBA lending over the past decade identified 3,184 loans totaling $1.57 billion to U.S. breweries......»»