Santander to apply for slice of RBS small business lending funds, Bloomberg 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.....»»
McDonald’s, Subway and other franchises got $15.6 billion in small-business funds
In total, SBA identified 75,746 franchise businesses that received loans under the small-business pandemic loan program......»»
Third round of PPP lending tops $35 billion as SBA irons out glitches
The Small Business Administration is two weeks into its third round of coronavirus relief lending......»»
San Francisco moves closer to creating nation’s first city-owned public bank
A San Francisco Public Bank could use the city's substantial financial firepower to support economic development, affordable housing, green projects and small business lending, supporters said......»»
East Multnomah County businesses get more than $1 million in CARES funds
East Multnomah County has lacked access to the Paycheck Protection Program, the federal government's primary relief program for small business......»»
Newsom proposes $4.5B in small business relief, workforce development in upcoming budget
Gov. Gavin Newsom is proposing billions in new funds for small business and workforce recovery efforts, which are expected to appear in the 2021-2022 state budget......»»
Newsom proposes $4.5 billion in small-business relief, workforce development in upcoming budget
Gov. Gavin Newsom is proposing billions in new funds for small business and workforce recovery efforts, which are expected to appear in the 2021-2022 state budget......»»
Move Forward With Small Business Loan Data Transparency
NCRC Urges CFPB To Move Forward With Critical Small Business Lending Transparency E.....»»
Small-business loans to big companies prompt Congress to overhaul PPP rules
More than 1,000 Sonic Drive-Ins received a total of over $100 million, the latest example of a chain amassing PPP funds......»»
Aspen Institute to return $8 million in small business funds
One day after saying it needed money to fill budget shortfalls, a nonprofit think tank reverses course and returns its $8 million loan......»»
Questions Swirl As To Why Small-Business Emergency Lending DropsÂ
Questions Swirl As To Why Small-Business Emergency Lending Drops .....»»
Watchdog faults SBA on minority-owned and rural small-business relief lending
Watchdog faults SBA on minority-owned and rural small-business relief lending.....»»
Houston Grand Opera receives PPP loan, recalls furloughed employees
The Houston Grand Opera received a $2.5 million loan in the second round of the Small Business Administration's Paycheck Protection Program. The organization is utilizing the funds to restore all furloughed employees, starting May 4, and cancel salary r.....»»
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......»»
Capitol Report: As small-business coronavirus funds dwindle, here’s the latest bipartisan plan to save entrepreneurs
Democratic Sen. Mi.....»»
Strip clubs, payday lenders, lobbyists fight to get emergency federal loans
In a wave of lawsuits, companies battered by covid-19 but excluded from aid seek small-business funds......»»
Wells Fargo faces government inquiries into its PPP lending
Federal and state agencies are looking into Well Fargo & Co.'s lending through the U.S. Small Business Administration's Paycheck Protection Program, the bank said in a filing Tuesday. San Francisco-based Wells Fargo (NYSE: WFC) also said it’s f.....»»
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. .....»»
For small business loan program, forgiveness may be the hardest part
The U.S. government's $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans......»»
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......»»