JPMorgan Chase has distributed more than $14 billion in stimulus loans, but says it needs $26 billion more in funding to service the needs of business owners.  The big bank claims it closed more small business loans than any other financial institution, according to CNBC. However, it still has about $26

The Paycheck Protection Program may be depleted, but some states are more flush with cash than others.  Nebraska businesses received $2.7 billion in loans, which covers about 75% of their payroll employees. California businesses, however, received $20.9 billion, but that amount will cover less than 25% of the state’s payroll expenses.

Women-owned businesses are particularly vulnerable during the coronavirus crisis because of their historical struggle with securing capital. Now that the Paycheck Protection Program has been depleted, many female entrepreneurs are wondering where to turn next.  Here is a list of 11 possible resources from Fast Company for female employers.  Tory Burch Foundation

Many franchises were refused coronavirus stimulus funding because they didn’t meet relief package regulations.  The affected businesses are mainly structured as tiered franchises, according to The Wall Street Journal. In the tiered model, a franchiser sells regional rights to franchisees, which then sell local units. Another type of franchise omitted were

If your small business hasn’t applied for the Paycheck Protection Program (PPP), you may be out of luck. The Small Business Administration announced Thursday that the PPP has hit its $350 billion limit.  The SBA has so far approved 1,661,397 loans from 4,975 lenders, according to NBC News. However, only a

Many small brick-and-mortar restaurants are still waiting for cash from the Paycheck Protection Program while large restaurant chains are having a much easier time getting funds using the coronavirus stimulus act.  The publication Restaurant Business Online recently reported that while major companies, like the parent company Ruth’s Chris steakhouse, have received

Banks are reinforcing their cash stash in case billions of dollars in loans go into default during the coronavirus pandemic.  Five major banks including JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman Sachs now have a combined total of more than $19 billion in cash reserves held to guard against

A few of America’s largest companies, including Amazon, Facebook and Salesforce have launched economic relief initiatives to help small businesses weather the pandemic.  These economic initiatives include micro-grants, ad credits and low-interest loans, according to Business Insider. Below is a list of 10 companies offering financial relief for employers. Amazon's Neighborhood Small

The Small Business Reorganization Act may qualify as many as 70% of small businesses to reorganize much cheaper and faster after a bankruptcy.  The law went into effect just two months ago to help insolvent companies with less than $2.7 million in debt by temporarily raising the debt limit to $7.5

App development firm Unqork teamed with Deloitte Tuesday to simplify the distribution of loans to businesses in need of coronavirus relief.  The partners dubbed the concept “small business lending in a box” and plan to launch a “fully-managed small business lending service to digitize the end-to-end loan life cycle.” The service

Many small business owners are frustrated with the speed and size of the Paycheck Protection Program in the U.S., but the stimulus isn’t the only way employers can get their hands on monetary relief. Grants and other local initiatives are filling the gap for business owners who have been negatively affected

The $349 billion Paycheck Protection Program may run out by Thursday as the move to replenish funds has hit a snag in Congress. As of Tuesday, the program had already approved about 1.1 million applications for more than $257 billion, according to Bloomberg. While there is a consensus in Congress to