Small business lending

The new bankers' hours: Long nights and weekends

04/17/20

Stress and exhaustion are catching up to lenders and call center employees helping customers grapple with the coronavirus pandemic.

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Hundreds of thousands of emergency small-business loan applications in limbo

04/16/20

The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.

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House bill would temporarily lift credit union commercial lending cap

04/16/20

Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap.

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Dear Congress: Don’t let initial PPP be final word on small-business aid

04/15/20

The SBA’s Paycheck Protection Program is nearly depleted, but there are ways small banks and fintechs, with help from Congress, can remedy the situation.

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Fintechs help banks manage deluge of emergency small-business loans

04/14/20

Online lenders, core providers and software companies have created digital platforms that speed up and simplify Paycheck Protection Program loans for businesses reeling from the coronavirus pandemic.

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JPMorgan profits drop; Earnings may decide dividend payouts' fate

04/14/20

Bank’s earnings fall 69% in the first quarter; this week’s earnings reports could determine whether banks will need to suspend dividends.

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Fintechs OK'd to make emergency small-business loans

04/13/20

PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the OK. They could be crucial to reaching the smallest firms trying to survive the economic toll of the coronavirus pandemic.

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Wells Fargo tells business clients to consider other banks for emergency loans

04/13/20

Just days after the Fed lifted Wells Fargo's asset cap so it could make more Paycheck Protection Program loans, it warned customers its queue is long and they may want to go elsewhere before program funds are exhausted.

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SBA’s Amazon-assisted save, W.Va. bank failure, BofA’s selective lending: Top stories of the week

04/10/20

After opening-day fiasco, SBA upgrades lender portal with Amazon assist; West Virginia’s First State Bank closed by regulators; BofA offers emergency loans to borrowers first, freezing out depositors; and more from this week’s most-read stories.

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BofA defends giving priority to customers in rescue-loan program

04/10/20

Bank of America, which came under fire for prioritizing applications from existing small-business customers, asked a federal judge in Baltimore to reject a request in a lawsuit to temporarily bar it from employing the practice.

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