small business

No More Bailouts

06/30/20

I have a new white paper out from the Roosevelt Institute's Great Democracy Initiative. The paper, which is co-authored with Lindsay Owens and Ganesh Sitaraman, proposes a standing emergency economic stabilization authority to provide an off-the-shelf immediately available response to common problems that recur in national economic crises.

[more]

Neobanks catering to self-employed see influx during pandemic

06/23/20

Challengers like Joust, Lili and NorthOne that offer banking services to freelancers and small-business owners are getting record levels of new customers as the traditional workforce thins.

[more]

Wave Financial bundles bookkeeping and banking in one account

06/11/20

The maker of accounting and invoicing software is, with the help of a community bank, the latest fintech to cater to small-business owners.

[more]

Here's Congress's chance to help black communities

06/10/20

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

[more]

Alibaba launches interest-free financing for U.S. small businesses

06/02/20

The new product, which comes as an earlier partnership with the online lender Kabbage is sputtering, figures to appeal to companies with tight cash flows.

[more]

Justice Dept. asks United Community for PPP documents

06/02/20

The Georgia company said the agency is looking at its policies for paying, or withholding, Paycheck Protection Program fees to borrowers' agents.

[more]

Pot banking rules grow hazier during pandemic

05/27/20

Bankers have become more uncertain about how to serve marijuana businesses owing to confusion about which states deem them essential.

[more]

An insider account of JPMorgan's PPP approach

05/21/20

Jennifer Roberts, the company's head of business banking, details a process to have units work one-on-one with customers to get Paycheck Protection Program funds deployed faster.

[more]

New challenger bank caters to freelancers, gig workers

05/15/20

Oxygen helps customers obtain business licenses and separate their personal and business lives. Its says its services will be in demand as the pandemic accelerates a shift away from traditional jobs.

[more]

PPP is a compliance minefield for banks

05/06/20

Regulators need to give more detailed guidance on the coronavirus relief program for small businesses so lenders don’t get trapped in underwriting mistakes down the road.

[more]