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Wells Fargo Closes Loan Window

Wells Fargo claimed Sunday that it has depleted its $10 billion capacity for lending under the stimulus package’s Paycheck Protection Program (PPP) due to

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Bank of America Loosens Criteria for Small Business Pandemic Loans

Bank of America announced Saturday that it will expand its eligibility requirements for the new small business loan program during the coronavirus pandemic.  One of

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Newsom Announces Help for Small Businesses & Workers Displaced by Coronavirus

California Governor Gavin Newsom released a series of new resources Thursday to help small businesses and workers who have been economically impacted by the

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Where Can I Get the Stimulus Loan to Support My Small Business?

The Small Business Association (SBA) will post a tool as soon as Friday to help small businesses find approved lenders participating in the coronavirus

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How is the Paycheck Protection Program Different from an Economic Injury Loan?

Business owners have two major loan choices for economic relief during the pandemic, the Paycheck Protection Program (PPP) or the economic injury loan (EIL).

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What are the Advantages of the Refundable Payroll Tax Credit & Tax Deferral?

The payroll-tax deferment and tax credits are open to all businesses and can be put into action immediately to help with economic distress due

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Top U.S. banks may shun small-business rescue plan on liability worries

Big banks in the U.S. may not be fully on board with the federal government’s rescue program for small businesses, citing concerns about financial

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Venture-backed Startups Will be Eligible for Small Business Loans

Venture capital-backed startups will qualify for the $350 billion in small business loans now available to companies affected by the coronavirus pandemic.  "I just got

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U.S. Doubles Small-Business Loans’ Rate to 1% After Lenders Balk

The Small Business Administration (SBA) increased the Paycheck Protection Program  interest rate to 1% on Thursday so lenders would be more incentivized to put

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Federal Small-Business Loan Program Faces Rocky Start

JPMorgan Chase will not be accepting applications for the federal small-business loan program as early as Friday.  Chase, the country’s largest lender, isn’t the only

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