small business loans
New Bill Offers Second Loans to PPP Borrowers
“Congress must once again act urgently to support our most vulnerable small businesses through this crisis."
Amazon, Goldman to Offer SMB Credit Lines
In a marriage of tech and Wall Street, sellers on Amazon will be eligible for credit lines of up to $1 million from Goldman Sachs' Marcus brand.
SBA Clarifies PPP Loan Guidelines Amid Uproar
New guidance from the SBA comes after a public outcry over large companies receiving hundreds of millions of dollars in loans.
Why Shake Shack is Returning $10M Government Loan
The burger chain has faced operating losses of over $1.5 million each week amid the COVID-19 lockdown.
Banks Brace for Crisis Loan Program Rollout
Lenders fear the launch of the $350 billion program could be "a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013."
Intuit Launches Small-Business Loan Service
The software company is aiming to leverage the data it collects from QuickBooks to make working-capital loans of up to $35,000.
California Leads the Way in Alternative Lending
Alternative lenders made $15.9 billion in U.S. loans in 2014, with California transactions increasing by 936% since 2010.
Bank's credit underwriting standards loosened considerably in 2014, especially among commercial loan products, says the OCC.
Small Businesses Left Out of Lending Spree
The amount of small business loans held on banks' books is stagnating and is still 18% below the peak dollar volume, which occurred in 2008.
As Banks Loosen Underwriting, Credit Risk Rises
Examiners find U.S. banks reducing collateral requirements and loosening covenants on business loans. Particularly the highly leveraged kind.