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Hawaii banks cross $1B threshold in PPP loans for 2021
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.....»»
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 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......»»
Dispatches from a Pandemic: ‘I have a mortgage to pay’: Sex workers banned from small-business loans under CARES Act due to ‘prurient sexual nature’
Andre Shakti majored in deaf studies and psychology at college, helps to support her father, and works as a stripper, dominatrix and sex educator......»»
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.....»»
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......»»
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......»»
New $310 billion for PPP small-business loans likely already gone, banks say
Banking groups say the volume of Paycheck Prot.....»»
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.....»»
Twin Cities lenders can still handle PPP loans, but how much more?
Yes, the Paycheck Protection Program loans are backed by the Small Business Administration, but banks can only carry so much on their balance sheets......»»
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.....»»
Here"s how many PPP loans are approved for Arizona businesses so far
Business owners have flooded banks with applications to get funds before they run out. Here's which states have received the most funding so far, and what's expected to happen next......»»
More than $3.5 billion in PPP loans approved in Arizona
Business owners have flooded banks with applications to get funds before they run out. Here's which states have received the most funding so far, and what's expected to happen next......»»
PayPal and Intuit Can Make Emergency Small-Business Coronavirus Loans
The fintechs join traditional banks in the new Small Business Administration lending program......»»
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......»»
Banks given capital break for small-business loans amid crisis
The Federal Reserve and other regulators have granted a sweeping capital break for banks providing loans to small businesses as part of the government’s response to the coronavirus-fueled economic... To view the full story, click the title link......»»