Big banks start accepting small business aid requests
Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»
How to get a small business loan from the new $284 billion PPP program
The Small Business Administration plans to start offering PPP loans for its next round of PPP funding on Monday, Jan. 11. Here's what small business owners should expect in the next round of funding......»»
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.....»»
PPP loans start streaming into Central Ohio. Here"s how local businesses are using them
Ohio businesses are starting to see the impact of the U.S. Small Business Administration's Paycheck Protection Program......»»
14 books to read during quarantine if you want to start and run your own business
eukukulka/Shutterstock Heather Wilde is a a personal and career growth expert, executive coach, author, speaker, and the current CTO of consulting agency ROCeteer. As a professional advisor to startups and small busines.....»»
Wisconsin firms set to receive $1.68 billion in loans so far in second round of PPP
The U.S. Small Business Administration began accepting applications for the second round of funding Monday......»»
PPP reality for banks: Grueling hours, not much profit
For banks participating in the U.S. Small Business Administration's Payroll Protection Program, the hours are long and the technological investments to process loans are costly, but the payoff is paltry, bankers say......»»
5 Best Payment Methods for Your Small Business
Accepting only cash and checks for purchases limits both your revenue generation and customer acquisition. The Blueprint covers five more of the best payment methods to use at your small business......»»
BBVA USA provided more than $2B in first round of PPP loans
One of Birmingham’s largest banks approved in excess of $2 billion in the first round of Paycheck Protection Program loans through the Small Business Administration. BBVA USA received nearly 24,000 PPP applications and was approved to provide approxi.....»»
Top 8 HR KPIs You Need to Start Tracking for Your Small Business
Find out which human resources KPIs you should be tracking to find, attract, and retain talent; make your employees happy; and improve company performance......»»
PPP reality for banks: Grueling hours, not much profit. So why do it?
For banks participating in the U.S. Small Business Administration's Payroll Protection Program, the hours are long and the technological investments to process loans are costly, but the payoff is paltry, bankers say......»»
U.S. temporarily shuts big banks out of small business loan portal, CNBC says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
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......»»
Second round of PPP starts slowly as Milwaukee-area businesses still await loans
The U.S. Small Business Administration, which is running the federal relief program, began accepting new applications Monday morning for the fresh infusion of $310 billion in funds......»»
Where’s that PPP money: Banks processing loan applications complain of SBA bottleneck
The Small Business Administration said it would stop banks from using a system that automatically submits applications into the agency's ETran system. At some banks, the change means having to manually submit the applications, a much slower p.....»»
The second round of small-business aid is already stretched thin
Banks have a huge backlog of PPP applications, but you can still take advantage of tax relief, and Democrats are pushing for more cash advances......»»
U.S. banks battle technology issues in race for $310 billion in new small-business aid
U.S. bankers racing to grab $310 billion in fresh small-business aid worked through the night on Tuesday, with many battling ongoing technology problems created by 11th hour changes to the first-come-first-served program, multiple bankers said......»»
SBA regional director: New PPP funds will run out fast, despite slow start
The Small Business Administration expects the second round of Paycheck Protection Program funds to run out faster than the first round — so don't wait to apply......»»
Tech issues hobble U.S. banks" mad grab for $310 billion in new small-business aid
U.S. banks beginning another chaotic dash to grab $310 billion in fresh small-business aid released by the government on Monday were hamstrung after 11th-hour changes to the first-come-first-served program caused technology issues for many lenders......»»
"It"s a mess": Second round of PPP gets off to a bumpy start
Bankers have experienced challenges in getting loan applications uploaded to the Small Business Administration......»»
U.S. banks in another mad grab for $310 billion in new small-business aid
U.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small-business aid released by the government, after 11th-hour changes to the first-come-first-served program led to technology issues for some lenders......»»