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U.S. Approves 8 Billion in Small Business Loans Since Program Began

The U.S. has approved more than 650,000 loans for employers since the launch of the Paycheck Protection Program.   “We’re now at 661,000 loans approved.

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Seven out of 10 Small Businesses Have Applied for a Cares Act Loan

A full 70% of small businesses in the U.S. have attempted to apply for an emergency loan through the Paycheck Protection Program (PPP) —

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500,000 Coronavirus Small Business Loans Approved

More than 500,000 Paycheck Protection Program (PPP) loans have been approved in the last week to alleviate the coronavirus pandemic. White House economic adviser Larry

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Banks Granted Capital Break for Small Business Loans Amid Crisis

The Federal Reserve on Thursday gave banks capital breaks to incentivize lending through the Paycheck Protection Program.   Regulators won’t mandate that lenders maintain capital buffers

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Community Banks to Seek More U.S. Help in Small Business Program

A community bank trade group will send a letter to the Treasury Department and the Small Business Administration asking for more access to the

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Fed Relaxes Wells Fargo Restrictions to Aid Struggling Loan Program

The Federal Reserve on Wednesday reduced the punitive restrictions on Wells Fargo to allow the bank to fully participate in the coronavirus stimulus program. Rep.

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Coalition Urges Expedited Small Business Funding Via Payroll Processors

A coalition of CPAs, franchisees and payroll processing companies urged President Trump to speed up the cash infusion to small businesses.  The coalition includes the

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FinTechs Can Help Banks Ease The PPP Lending Pain

Fintech startups are looking to get in on the Paycheck Protection Program, promising to underwrite loans at “speed and scale.” The U.S. government is backing

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AICPA Thanks Congressional Caucus on CPAs and Accountants

The American Institute of CPAs (AICPA) sent a word of thanks on Wednesday to the eight U.S. House of Representative members of the Congressional

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Mnuchin Asks for Additional 0 Billion for Small-Business Coronavirus Program

Treasury Secretary Steven Mnuchin on Tuesday requested an additional $250 billion commitment from Congress to add to the current $349 billion Paycheck Protection Program

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