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3 out-of-state banking giants release PPP loan data for Arizona
Between April 27 and May 1, the U.S. Small Business Administratio.....»»
UK parliament tells Barclays CEO: explain emergency business loans delays
The British parliament's treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses......»»
More than 40 public companies giving back PPP coronavirus relief loans as feds threaten penalties
More than 40 public companies are pledging to return money to the government’s small-business coronavirus fund now that Treasury Secretary Steven Mnuchin is threatening criminal prosecutions for violating t.....»»
Capitol Report: Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications
The Trump administration will audit small-business loans above $2 million, Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash......»»
The US government will do a "full review" of any company taking a small business loan over $2 million after massive corporations took advantage of the program
Associated Press As $310 billion in new funding replenishes the Paycheck Protection Program, small businesses can expect more oversight. Treasury Secretary Steven Mnuchin said Tuesday that loans over $2 million will undergo a "full review" be.....»»
The Treasury Department said big companies can no longer get small business loans
and Pace University in New York were sued by two students seeking partial refunds on tuition and fees after being denied in-person classes because of the coronavirus<…; pandemic. The students, one... To view the full story, click the title link......»»
U.S. plans to bar hedge funds from small-business loan program
Hedge funds aren’t eligible for Small Business Administration stimulus loans because they are primarily engaged in investment speculation, the Treasury Department said in guidance posted... To view the full story, click the title link......»»
Treasury Posts Guidance To Stop PPP Loans From Going To Large Companies After Small Business Owners Shafted
Treasury Posts Guidance To Stop PPP Loans From Going To Large Companies After Small Business Owners Shafted .....»»
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.....»»
Maryland businesses approved for $6.54B in loans in first round of PPP
More than 26,000 small business relief loans were authorized by Maryland totaling $6.54 billion when the federal government's Paycheck Protection Program ran out of money. Data from the Small Business Administration on Friday showed that as of 12 p.m......»»
Key Words: Democratic congresswoman as red states beat out blue ones for small-business aid: ‘I smell a rat’
Democratic Rep. Jackie Speier of California highlights data showing coastal blue states mostly lagging red states in receiving loans from the Paycheck Protection Program. She says she’s “hard pressed not to think that this is political.â€.....»»
PPP loans could help these ABQ companies save hundreds of jobs. Here"s how.
More than 5,300 PPP loans worth $1.1 billion had been approved for businesses in the state, according to Small Business Administration data from Monday......»»
US Treasury To Ask For $200 Billion More In Small Business Loans
US Treasury To Ask For $200 Billion More In Small Business Loans Amid a surge in demand for the first tranche, the US Treasury is preparing to ask Congress for a further $200 billion for the small bu.....»»
Small businesses worry $349 billion emergency lending program isn’t big enough
The program got off to a rocky start with the Treasury Department and Small Business Administration failing to release a final version of the rules until hours before the emergency fund launched......»»
Large U.S. banks to take small business loan applications next week: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so far......»»
U.S. small banks have processed more than 700 small business relief loans for $2.5 million: Mnuchin
U.S. Treasury Secretary Steve.....»»
Mnuchin says small business rescue loans launch Friday, despite lender confusion
U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses despite confusion over last-minute final rules and lenders unprepared to approve applications......»»
Treasury secretary says $349B small business loan program will begin April 3
A federal program that will provide loans to small businesses — and forgiving portions used to pay employees — will be up and running Friday, Treasury Secretary Steve Mnuchin said Thursday afternoon. Experts expect a mad scramble by borrower.....»»
Treasury Secretary Mnuchin says emergency small-business loans to be available starting Thursday
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
Bond Report: Treasury yields fall on slightly weaker economic data
Yields on the benchmark 10-year Treasury note fall Tuesday as investors buy bonds following slightly weaker readings on inflation and small-business sentiment......»»