Mad dash for small business loans slows down

Banks are preparing for an onslaught of applications for loans from the $349 billion Paycheck Protection Program, and small business owners are being advised to act as soon as possible before the money runs out......»»

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......»»

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.....»»

Non-existent farms, such as "Ritter Wheat Club" and "Deely Nuts," each received the maximum loan of $20,833, ProPublica found. President Joe Biden. Scott Olson/Getty Images Fake firms collected $7 million in COVID-19 small business relief.....»»

Leawood-based C2FO plans to start offering unsecured, low fixed-rate loans of $10,000 to $1 million to small and midsize businesses this summer......»»

The Small Business Administration said the Paycheck Protection Program has been exhausted. As of Sunday, the PPP had given out nearly 10.8 million loans worth.....»»

California Gov. Gavin Newsom signed legislation Thursday that allows most California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven to deduct expenses they paid with those loans......»»

The legislation allows most California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven to deduct expenses they paid with those loans......»»

Backers of the program have said it's one of the largest state-involved loan efforts in America to come out of the coronavirus pandemic......»»

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......»»

PPP loans at $2 million and above, borrowers are required to fill out a questionnaire so the Small Business Administration can determine if the loan was necessary......»»

So far, nearly 1,100 businesses have applied through ECDI’s portal, and more than 380 loans have been closed and approved by the U.S. Small Business Administration. Another 700 are waiting approval......»»

Through March 10 of this year loans, the Hawaii Bankers Association had received over 15,500 Paycheck Protection Program applications, with over 10,500 of them successfully submitted to the Small Business Administration.....»»

The Senate passed a PPP extension on March 2.....»»

Chicago announced Wednesday a $25 million fund to help women- and minority-owned contractors access loans from the federal Paycheck Pr.....»»

The Small Business Administration has started offering loans for its next round of PPP funding. Here's what small-business owners should expect in the next round of funding......»»

The devil is in the details for businesses seeking funding from the Paycheck Protection Program. Small mistakes can derail your application. Here's what to know......»»

In total, SBA identified 75,746 franchise businesses that received loans under the small-business pandemic loan program......»»

The small-business aid included in the $900 billion federal pandemic relief package approved last month has st.....»»

KeyCorp CEO Chris Gorman is a big believer in the U.S. Small Business Administration's Paycheck Protection Program. The program has been the federal government's main vehicle for providing financial relief to small businesses so they can survive the C.....»»