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California Businesses get Major Share of Virus-Related Disaster Loan

California businesses have already received more than $239 million in loans from the Small Business Administration (SBA), far more than those in any other

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Facebook to Give  million in Small Business Grants to Bay Area Companies

Facebook pledged $15 million in grants to small businesses in the Bay Area on Tuesday as part of a $100 million initiative to help

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These Banks and Lenders Are Accepting SBA Paycheck Protection Program Loan Applications

The Paycheck Protection Program allows small businesses affected by the pandemic to apply for up to $10 million from Small Business Association approved lenders.

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U.S. Government Platform for Small Business Relief Claims Crashes

The Small Business Administration’s (SBA) platform for processing loan applications crashed for hours on Monday. The New York Times reported that banks were unable to

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Big U.S. Banks Accepting Small Business Aid Requests

Bank of America and JPMorgan Chase are accepting applications from small businesses for the coronavirus stimulus loan program.  The largest lenders in the U.S. were

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The Small-Business Loan Program Is Already Hitting 4 Big Snags

Small businesses are looking for a bailout from the Paycheck Protection Program, but many say the safety net has too many holes.  Major lenders are

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Fed Preparing to Finance New Small- Business Payroll Loans

The Federal Reserve said Monday that it will support banks in the effort to lend money to small businesses during the coronavirus pandemic.  “To facilitate

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Citi Working on Online Portal to Facilitate Small Business Loans

Citigroup is “working around the clock” to build an online portal so the bank can participate in the small business loan program to help

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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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