small business

Self-employed set to join loan program already overrun with demand

04/09/20

The week-old Paycheck Protection Program will be opened up to sole proprietors and independent contractors on Friday.

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How small banks can help small companies get through coronavirus

04/07/20

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

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Fed will buy small-business loans to help coronavirus response

04/06/20

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

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Small banks struggle to get SBA to return calls, process emergency loans

04/03/20

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

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Memo to bankers: Don't attack SBA program, make it better

04/03/20

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.

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Emergency loan program plagued by chaos on eve of launch

04/02/20

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.

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Banks can stand among the economy’s first responders

04/02/20

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

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How fintech can save small businesses on the brink

04/01/20

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

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Twelve years later, another ill-conceived bailout

03/31/20

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.

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The Bailout Cronyism and Corruption Have Already Begun

03/21/20

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 stupidity and corruption is unfortunately so hardwired into the Trump administration's DNA that it is being reflected in virtually every proposal out of the administration. 

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