Tagged small businesses

February 27, 2022

the Small Business Credit Survey 2022 Employer Business Reportpublished by the 12 Federal Reserve Banks, confirmed what many economists suspected: many small businesses have not returned to pre-pandemic levels,...

10 months later, Wauconda Brewery still waiting for promised SBA pandemic loan – CBS Chicago

February 15, 2022

CHICAGO (CBS) — Struggling to stay afloat two years into the pandemic, small business owners lament being unable to get any help from the Small Business Administration.A suburban brewery owner tells CBS 2's Tar...

Woman on the run from Covid fraud conviction is ‘fugitive’ for FBI

February 9, 2022

A California real estate broker has fled authorities rather than appear to serve jail time for her role in a massive family Covid loan fraud scheme - making her the third convict in the group of eight to go on ...

SBA details process for appealing PPP loan partial forgiveness decisions

February 4, 2022

Paycheck Protection Program (PPP) borrowers who have only received partial loan forgiveness from their lenders have a new process to appeal the lender's decision to the Small United States Business Admini...

UK fraud minister resigns over ‘dismal’ monitoring of Covid loans

January 24, 2022

Whitehall's efficiency minister resigned on Monday after sharply criticizing the UK government's 'dismal record' of cracking down on fraud under a flagship state-backed coronavirus business loan scheme ....

METCO board approves $200,000 in small business loans

January 21, 2022

Lending Cooperative

The Metropolitan Business Development Corporation (METCO) Board of Directors today approved $200,000 in low-interest small business loans. METCO's Boards of Directors meet monthly to review, discuss and vote o...

SBA opens recovery center in Hoover to help businesses recover from flooding

January 14, 2022

HOOVER, Alabama (WBRC) – The United States Small Business Administration (SBA) has opened a Business Recovery Center (BRC) at the Hoover Recreation Center in Hoover. The center provides Alabama businesses with...

IFC, Bank Alliance partner to expand small business lending in Ukraine, accelerates recovery

January 12, 2022

HaveKiev, Ukraine, January 12, 2022-In order to improve access to finance and stimulate the growth of small and medium-sized enterprises (SMEs), IFC has partnered with...

Banks open the year with billions for SME loans

January 11, 2022

Bank room at the headquarters of the Postal Bank. Major lenders - including Equity, KCB and Cooperative Bank of Kenya - have borrowed billions of shillings to support smaller entities in the wake of the ...

Biden OK accelerated major disaster declaration and paves the way for rapid assistance to businesses

December 31, 2021

President Joe Biden verbally approved an expedited declaration of major disaster following the Marshall fire that damaged or destroyed at least 500 homes and an unknown number of businesses in Louisville, Super...

The SBA EIDL loan application deadline is Friday

December 29, 2021

The US Small Business Administration is accepting applications for its COVID-19 Economic Disaster Lending Program until Friday, December 31. This loan program became available in response to COVID-19 for owners...

Australian borders: Greg Hunt confirms country will open up to international students and skilled workers

December 12, 2021

LATEST NEWS: Australia to open borders to international students and other migrants in two days despite Omicron fearsAustralia to welcome international students and skilled workers on Wednesday Mr ...

Small Business Outlook: 6 Forecasts for 2022 | Business

December 10, 2021

Small business owners viewed 2021 as a chance to bounce back and rebuild after...

Financial Sector Banks on Data, Automation – Business Journal Daily

December 7, 2021

YOUNGSTOWN, Ohio - Data reigns supreme in banks, and financial institutions use it to improve efficiency and boost businesses. Automation and artificial intelligence allow banks and credit unions to t...

Don’t bet on the end of oil and gas donations

December 4, 2021

The United States announced that, in accordance with President BidenJoe BidenPfizer CEO says vaccine data for under-5s could be available by year-end Omicron coronavirus variant found in at least 10 states Phot...

Representative Jim Clyburn Seeks Further Details in Congressional Investigation into Online Financial Company P3 Fraud

November 25, 2021

Congress is expanding its investigation into financial fraud during COVID-19, including taking a closer look at two of the major financial aid processors linked to the pandemic.According to USA Today, South Car...

BharatPe plans $ 5 billion loan portfolio to help small businesses get credit: CEO

October 31, 2021

Financial technology firm BharatPe plans to build a $ 5 billion loan portfolio over five years to serve the credit needed by millions of small businesses in India, a senior executive said. The Delhi-b...

Four things that scare small businesses this Halloween

October 30, 2021

As the worst economic nightmare caused by the COVID-19 pandemic has passed and the economy has rebounded, there are still major economic concerns for small businesses. With Halloween here and only two months a...

SB Corp increases 13-month loan facility to P500 M – Manila Bulletin

October 28, 2021

SB Corporation, the government's micro-finance arm attached to the Ministry of Trade and Industry, more than doubled on the 13the low rate loan facility of 500 million pesos to accommodate up to...

Can you apply for a small business credit card with just your EIN? – Councilor Forbes

October 26, 2021

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. ...

SBA Administrator Isabella Casillas Guzman Reports Hurricane Ida Assistance Has Exceeded $ 1 … | Your money

October 25, 2021

Washington, October 25, 2021 (GLOBE NEWSWIRE) - Isabella Casillas Guzman, dire...

Rishi Sunak to extend UK payback loan program until June 2022

October 25, 2021

Alternative loans The six-month extension comes as the program crosses the £ 1billion lending milestone.Image source: Rishi Sunak / The Treasury / Flickr.Chancellor Rishi Sunak is expected to postpone the c...

LendKey’s Vince Passione makes the most of an interesting market

October 21, 2021

As Loan key celebrates $ 500 million in funded loans, there's plenty more to celebrate too, co-founder and CEO Vince Passione noted. Passione said that as the country emerges from a pandemic year, there are m...

Brunswick man faces up to 30 years in prison for allegedly submitting falsified documents for loans under the CARES Act

October 19, 2021

BRUNSWICK, Ga (WSAV) - Brunswick man accused of lying to get loans under the CARES Act and using the money to buy a Mercedes-Benz faces up to 30 years in prison, according to the Southern District of G...

Dissatisfied with the price, ranchers try to set up their own meat factories.

October 16, 2021

Des Moines, Iowa (AP) - Like other ranchers across the country, Rusticemp is paid to cattle raised in central Nebraska, despite the continued rise in beef prices in grocery stores. I'm complaining about the ...

Credit for MSMEs: 5 Key Programs Beyond ECLGS, CGTMSE to Alleviate Small Business Capital Problems

October 14, 2021

For 20 years, the CGTMSE has been one of the major mechanisms deployed to meet the financing needs of MSMEs.Credit and financing for MSMEs: The Emergency Credit Guarantee Program (ECLGS) may have been the Modi ...

Louisiana US Senators Worried About SBA’s $ 4.5 Billion Loan Proposal | Louisiana

October 12, 2021

(The Center Square) - The two US senators from Louisiana are concerned about a...

Automation Helped Black Borrowers Get the Most Out of PPP in Fintechs and Big Banks: Study

October 12, 2021

Dive brief: According to an economic working paper by New York University researchers released Monday. The study found that after controlling for a company's zip code, industry, loa...

Capital One Spark 2% Cash Plus Card Review

October 9, 2021

The lifeline of most businesses is cash. Capital is essential for running a business and, more importantly, for growi...

USDA to launch loan guarantee initiative – Daily Leader

October 7, 2021

The U.S. Department of Agriculture is providing $ 100 million in additional fun...

SBA Provides Disaster Assistance To Businesses And Residents Of Monongalia Co. Affected By July Flood

October 6, 2021

MORGANTOWN, W.Va. - Businesses and residents of West Virginia affected by flooding on July 29, 2021 can apply for low-interest disaster loans with the US Small Business Administration, announced today hu...

Exim Bank Ghana: background, objectives and products, branches, CEOs, latest updates ▷ Ghana news

September 30, 2021

Banks are an integral part of the financial system. They provide checking accounts, savings accounts, credit cards, loans, mortgages, and other financial services. Banks also act as intermediaries be...

Small businesses turn to AI lending without human oversight – Quartz

September 28, 2021

When Xiomara Rosa-Tedla needed a small loan in February 2020 to fund her e-commerce startup Unoeth, she didn't reach out to a venture capitalist or bank agent. She asked for an algorithm.Rosa-Tedla founded Uno...

Impact of Covid-19 on MSMEs | Forbes India

September 28, 2021

A leather goods store in Dharavi, Mumbai. Image by Dhiraj Singh / Bloomberg via Getty ImagesVSars honk, traffic roars. It is a usual day on 60 Feet Road from Dharavi to Mumbai. But stores...

Top Small Business Banking Mistakes and How to Avoid Them – Oswego County Business Magazine

September 27, 2021

By Deborah Jeanne Sergent Yesour business finances are important to its success. By extension, your banking practices can also affect your success. A few banking executives in the region shared common banki...

“Transaction mapping” speeds up lending decisions

September 27, 2021

As is often the case with many small and medium-sized enterprises (SMEs), their accounting data is kept separate from their banking data, which works well, until B2Bs with limited cash flow try to request a bus...

Data isn’t important, but how you consume it

September 25, 2021

Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur United States, an international Entrepreneur Media franchise. ...

AfDB Approves $ 250 Million Loan for Bangladesh Economic Recovery Program

September 24, 2021

MANILA, PHILIPPINES (September 24, 2021) - The Asian Development Bank (AfDB) today approved a $ 250 million strategic loan to support Bangladesh's economic recovery fr...

Today in B2B: BoA Receivables, SME banking application

September 23, 2021

Today in B2B payments: Rabbet and AvidXchange facilitate the management of real estate invoices and Bank of America improves its Intelligent Receivables platform. In addition, MarketFinance has raised $ 382 mi...

Alaska to benefit greatly from historic infrastructure bill

September 22, 2021

Senator Lisa Murkowski, R-Alaska, one of the bipartisan infrastructure negotiators, leaves the chamber as the Senate moves forward to formally begin debate on a roughly $ 1,000 billion infrastructure plan, a pr...

Diversification paves the way for global trade in the Caribbean

September 22, 2021

A few weeks ago, Deodat Maharaj, executive director of the Caribbean Export Development Agency (CEDA), published a editorial calling for greater support for micro, small and medium enterp...

How FinTech Startup Coine.ai is Reshaping Lending for India’s Lower Economic Sectors

September 22, 2021

Last year, in the midst of the pandemic, Manideep Vasa applied for a bank loan. However, despite being a professional CA with regular income, his application was rejected due to inconsistencies in salary credi...

Glenwood Springs businesses hope relief money can help them recover from problematic summer – CBS Denver

September 22, 2021

GLENWOOD SPRINGS, Colorado (CBS4) - The Glenwood Canyon mudslides have wreaked havoc on businesses in Garfield County and beyond. For some small businesses in Glenwood Springs, financial relief may be underway...

Independent banking partners Digitized for digital lending to SMEs

September 21, 2021

Numerated, the fast-growing fintech that facilitates business banking services for financial institutions and their clients, has announced its partnership with Independent Bank, a $ 4.5 billion community bank w...

Delta Varian’s concerns lead SBA to increase EIDL cap to $ 2 million

September 19, 2021

As cities, states and countries reflect on how to tackle the Delta variant of COVID-19, the SBA has announced it is raising the ceiling on the Economic Disaster Lending (EIDL) to $ 2 million . In addition to i...

SBA Strengthens Disaster Loan Program Citing Challenges Of Delta Variant

September 11, 2021

The Small and Medium Business Administration said on Thursday that the Delta version of COVID-19 will continue to expand nationwide, so more SMEs will have access to government financial support under a progra...

$ 1.76 billion in P3 loans flowing to Vermont; Millions in Bennington, Windham Counties | Local News

August 24, 2021

As trade across the country continues to battle the lasting effects of the COV...

Upcoming SBA Houston events – 5 Corners District

August 20, 2021

WBEA 2021 Business Conference and Twinning Wednesday August 25 - Thursday August 26 | 8:30 a.m. - 4:00 p.m. CDT Innovative ideas! Intentional actions! This virtual event provides a platfor...

MACKINAC FINANCIAL: MI / MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

August 11, 2021

Forward-Looking Statements / Risk Factors This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities...

FIRST AMERICAN BANKING ACTIONS: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

August 11, 2021

ACTIVITY DESCRITION First US Bancshares, Inc., a Delaware corporation ("Bancshares" and, together with its subsidiaries, the "Company"), is a bank holding company with its principal offices in Birmingham, Al...

Florida digital lending market to reach $ 13.89 billion by 2027: Allied Market Research

August 9, 2021

OREGAON, PORTLAND, USA, Aug 9, 2021 /EINPresswire.com/ - According to the report released by Allied Market Research, the digital loan market in Florida generated $ 4.35 billion in 2019 and ...

How an independent Scotland can make its bankers more responsible

August 9, 2021