Facebook Unveils $100M Trade Finance Program
The social media giant will buy invoices from small businesses owned by women and minorities, sparing them the usual wait to be paid by customers.
Six Ways CFOs Can Help Small Businesses Recover
Accurate reporting, proactive cash flow management, and contingency planning all play a role.
Feds Net 57 People in Probe of PPP Loan Scams
The defendants allegedly tried to steal a total of $175 million from the program, which some had feared would be a magnet for fraud.
AmEx Buys Kabbage in SMB Solutions Move
The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."
Top CEOs Urge Congress to Save Small Firms
More than 100 executives said small businesses need "much more significant and sustained support" than the PPP to weather the COVID-19 pandemic.
Intuit Warns of Revenue Hit From Virus Crisis
The software firm cited the negative impact of COVID-19 on small business customers and the extension of the tax filing deadline to July 15.
Over 1.6M Small Firms Get Corona Crisis Loans
The Paycheck Protection Program has "enjoyed broad-based participation from lenders of all sizes and a wide array of industries and businesses."
Fed Offers More Support for Loans, Corporate Debt
The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
Moody’s Sees Potential Recovery in 2nd Half of 2020
But downside risks to growth remain high as the spread of the coronavirus and duration of lockdowns remain “highly uncertain."
Virus Relief Bill Targets $350B for Small Businesses
“We are cautiously optimistic that this will provide the cash flow that small businesses needed yesterday."
Senate GOP Unveils $1T Virus Stimulus Package
The proposal includes direct cash payments to Americans but Democrats say it unduly favors corporations.