small business

Congress was wrong to leave PPP disbursement up to banks

04/28/20

Elected officials are better off deciding who’s most deserving of federally backed coronavirus relief funds for small businesses.

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The Role of Chapter 11 Bankruptcy in Addressing the Consequences of COVID19.

04/26/20

Many businesses may require bankruptcy proceedings to assist in recovery from the CV Recession. In my view, the best legal approach to any Chapter 11 reforms necessitated by the emerging CV-induced economic crisis lies in building up from the Small Business Reorganization Act (SBRA) to cover more Small and Medium Enterprises (SME), rather than trying to adjust the general provisions of Chapter 11, the home of bankruptcies like General Motors and American Airlines.

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Digital dollars would deploy financial relief faster

04/23/20

Lawmakers should approve a program to distribute stimulus funds using a government-sanctioned coin, which would be speedier than the current system.

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Revive the Treasury’s Small Business Lending Fund

04/22/20

The program, created in response to the 2008 financial crisis, generated $19 billion in small-business loans. It could be used as a viable path out of the coronavirus pandemic.

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Senate directs PPP aid to small banks in new funding measure

04/21/20

The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.

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Prioritize community banks in next small-business rescue plan

04/21/20

Small banks are a lifeline for many local businesses and should be given first crack at distributing funds from a continuation of the federal stimulus program.

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New coronavirus funding stalls; mortgage lenders pressure Mnuchin

04/17/20

Partisan differences get in the way of new aid program for small businesses as SBA program runs out of money; loan servicers want a bailout as defaults expected.

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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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Banks expect ugly earnings season; treading carefully on PPP loans

04/13/20

Q1 profits expected to drop by nearly 25%, while investment banking revenues could tank much more; many banks have tighter standards than the SBA.

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