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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......»»

Category: topSource: reutersAug 6th, 2018

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......»»

Category: topSource: bizjournalsApr 23rd, 2024

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.....»»

Category: topSource: bizjournalsApr 20th, 2024

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......»»

Category: topSource: bizjournalsMay 7th, 2021

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......»»

Category: topSource: washpostMay 7th, 2020

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.....»»

Category: blogSource: valuewalkMay 5th, 2020

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. .....»»

Category: topSource: moneycentralMay 3rd, 2020

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......»»

Category: topSource: reutersApr 29th, 2020

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......»»

Category: blogSource: crainsnewyorkApr 25th, 2020

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......»»

Category: topSource: bizjournalsApr 22nd, 2020

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.....»»

Category: topSource: businessinsiderApr 18th, 2020

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......»»

Category: topSource: bizjournalsApr 18th, 2020

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......»»

Category: topSource: bizjournalsApr 17th, 2020

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.....»»

Category: topSource: bizjournalsApr 17th, 2020

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.....»»

Category: topSource: bizjournalsApr 17th, 2020

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.....»»

Category: topSource: businessinsiderApr 16th, 2020

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.....»»

Category: topSource: bizjournalsApr 14th, 2020

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 .....»»

Category: topSource: bizjournalsApr 13th, 2020

PayPal and Intuit Can Make Emergency Small-Business Coronavirus Loans

The fintechs join traditional banks in the new Small Business Administration lending program......»»

Category: topSource: moneycentralApr 13th, 2020

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......»»

Category: topSource: bizjournalsApr 8th, 2020