News Topic: small business

The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late. ... Read full article

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program. ... Read full article

While the federal government is touting the early success of the Paycheck Protection Program, community banks are complaining about headaches and glitches. ... Read full article

Yes, the Small Business Administration's emergency funding program for the coronavirus crisis is off to a rocky start, but that shouldn't stop banks from helping customers in need. ... Read full article

Many bankers find crucial parts of the SBA effort to help businesses hurt by the coronavirus outbreak to be unclear and onerous. If those issues go unresolved, participation could suffer. ... Read full article

Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet. ... Read full article

Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says. ... 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

We need to bail out the economy, and it's not going to be cheap. The government is going to have to carry the economy for 18-24 months. There's no way of avoiding that. But we don't need to be stupid or corrupt about the way we do it. And ... Read full article

Loans with favorable terms and gift certificates are among the solutions being promoted by companies like Kabbage and Honeycomb Credit. ... Read full article

Professor Ted Janger of Brooklyn Law School sent me a proposal for a small change to the Bankruptcy Code that might significantly help small businesses affected by the COVID-19 pandemic. His idea merits consideration. In Ted’s words: ... 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

Senator Elizabeth Warren has put out a plan for mitigating the economic fallout from the coronavirus. ... Read full article

The acquisition of the Texas-based lender will help Regions expand its offerings to small businesses while adding about $2 billion of loans to the bank's balance sheet. ... Read full article

Under the partnership with Fundation, Fifth Third will offer loans and credit lines up to $100,000 that can be funded in as little as a day. ... Read full article

A new app will allow small-business clients to quickly apply for credit while expanded offerings for homeowners associations will help CIT build up its base of low-cost deposits. ... Read full article

The agency's new leader began her career as a part-time night-shift package handler for UPS in Chicago. ... Read full article

The startup Rho argues that small firms still have unmet needs, especially tracking cash flow in real time. ... Read full article