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Republicans and Democrats in the Senate did not reach a
Even though the Paycheck Protection Program had limited funds, 71
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) —
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
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
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
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.
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
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
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