News Topic: Small business lending

The Treasury Department and Small Business Administration are responsible for distributing $350 billion in coming months. ... Read full article

The 2008 package proved some banks were too big to fail. But the rushed $2.2 billion stimulus shows now any company can be bailed out. ... Read full article

Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses. ... Read full article

No online lenders are approved for the agency's traditional programs, but they could make loans under the coronavirus stimulus package if they get special approval. ... Read full article

Some industry observers are calling on the Treasury Department to bring back the Small Business Lending Fund to help small companies stay afloat during the coronavirus pandemic and get back on their feet once the crisis passes. ... Read full article

The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities. ... Read full article

The proposal from Sens. Marco Rubio and Susan Collins would provide the Small Business Administration with $300 billion to help companies hurt by the coronavirus outbreak meet immediate financial obligations, including payroll. ... Read full article

Lenders are rallying around a bill from Sen. Rubio that would give them access to another $50 billion under the 7(a) program. It could face obstacles in the House, where a bill favors direct lending by the Small Business Administration. ... Read full article

No-interest loans and overdraft forgiveness are among the lifelines banks are offering to consumers and small businesses whose livelihoods are being upended by the economic fallout. ... Read full article

The agency will be tasked with providing $50 billion in loans to small businesses harmed by the pandemic. It is unclear whether the SBA will need bankers' help. ... Read full article

The online lender's latest product shows business owners their cash flow over the past 90 days and how it is likely to change. The idea is to help borrowers save time. ... Read full article

CFPB Director Kathy Kraninger promised to complete the rule mandated by Dodd-Frank one day after a California court set a process for doing so. ... Read full article

After dragging its feet, the agency has agreed to a court-supervised process for writing a Dodd-Frank-mandated rule aimed at stamping out discrimination. ... Read full article

Lawmakers have also criticized the agency's decision to create qualifying standards for farmers and other small businesses. ... Read full article

The startup spawned in Eastern Bank's innovation lab says its bank customers asked for client-friendly software for account opening, credit cards and more types of commercial lending. ... Read full article

Reduced dine-in traffic is eating away at bottom lines, forcing eateries to rethink how they borrow money. ... Read full article

The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime. ... Read full article

The people of tiny Duncan, Ariz., have found creative ways to adapt to life in a banking desert, but their experience augurs a worrisome future for many other rural communities. ... Read full article