Small business lending

PPP total loans April 8, 2020-April 13, 2020
John Reosti
April 13, 2020 6:02 PM

PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the go-ahead. They could be crucial to reaching the smallest firms trying to survive the economic toll of the coronavirus pandemic.

5 Min Read
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SBA
Kate Berry
April 13, 2020 3:22 PM

Just days after the Fed lifted Wells Fargo's asset cap so it could make more Paycheck Protection Program loans, it warned customers its queue is long and they may want to go elsewhere before program funds are exhausted.

2 Min Read
April 9, 2020 4:31 PM

Midsize businesses and state and local governments are among the beneficiaries of the central bank's latest $2 trillion effort to mitigate the economic damage caused by the coronavirus pandemic.

9 Min Read
Paul Davis
April 9, 2020 3:28 PM

Many banks were hitting their limits for lending to small businesses devastated by the coronavirus outbreak. They say the Fed's decisions to help fund additional loans and relax capital requirements will resolve many of their problems.

3 Min Read
Attendees walk past a signage for Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon.com Inc. Web Services chief executive officer Andy Jassy is leading a push into artificial intelligence to boost Amazon's cloud computing, which commands about 45 percent of the market for infrastructure as a service, where companies buy basic computing and storage power from the cloud. Photographer: David Paul Morris/Bloomberg
SBA
John Reosti
April 8, 2020 4:26 PM

The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week.

3 Min Read
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William M. Isaac
April 7, 2020 11:35 AM

The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.

3 Min Read
The Fed's initiative will allow banks to remove PPP loans from their balance sheets in order to issue more loans to small businesses hurt by the coronavirus.
April 6, 2020 3:05 PM

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

1 Min Read
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John R. Koelmel
April 3, 2020 1:56 PM

Yes, the Small Business Administration's emergency funding program for the coronavirus crisis is off to a rocky start, but that shouldn't stop banks from helping customers in need.

2 Min Read
Putting the pieces together: Who stays and who goes? This is what ADOBE calls it: Two teams of managers merging on a jigsaw puzzle at dawn showing a partnership.
Dave Martin
April 2, 2020 10:36 AM

Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet.

3 Min Read
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Jo Ann Barefoot
April 1, 2020 10:59 AM

Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says.

3 Min Read