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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.....»»

Category: blogSource: theflyonthewallMay 17th, 2018

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......»»

Category: topSource: washpostJan 28th, 2021

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......»»

Category: topSource: washpostJan 26th, 2021

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......»»

Category: topSource: bizjournalsJan 26th, 2021

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......»»

Category: topSource: bizjournalsJan 6th, 2021

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......»»

Category: topSource: bizjournalsJan 5th, 2021

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......»»

Category: topSource: bizjournalsJan 5th, 2021

Move Forward With Small Business Loan Data Transparency

NCRC Urges CFPB To Move Forward With Critical Small Business Lending Transparency E.....»»

Category: blogSource: valuewalkDec 16th, 2020

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......»»

Category: topSource: washpostDec 13th, 2020

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......»»

Category: topSource: washpostMay 14th, 2020

Questions Swirl As To Why Small-Business Emergency Lending Drops 

Questions Swirl As To Why Small-Business Emergency Lending Drops .....»»

Category: blogSource: zerohedgeMay 9th, 2020

Watchdog faults SBA on minority-owned and rural small-business relief lending

Watchdog faults SBA on minority-owned and rural small-business relief lending.....»»

Category: topSource: washpostMay 8th, 2020

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.....»»

Category: topSource: bizjournalsMay 7th, 2020

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

Capitol Report: As small-business coronavirus funds dwindle, here’s the latest bipartisan plan to save entrepreneurs

Democratic Sen. Mi.....»»

Category: topSource: marketwatchMay 7th, 2020

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......»»

Category: topSource: washpostMay 6th, 2020

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.....»»

Category: topSource: bizjournalsMay 6th, 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

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......»»

Category: topSource: reutersMay 1st, 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

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......»»

Category: topSource: bizjournalsApr 28th, 2020