SBA

More banks opt to sell PPP loans as heavy lifting nears

Many sellers are ditching the loans to avoid the cumbersome forgiveness process. For others, the Paycheck Protection Program was never a strategic fit.

August 6, 2020

Private Equity

Private equity on edge with U.S. plan to name relief recipients

Many firms pushed ahead, benefiting from the $669 billion Paycheck Protection Program run by the Small Business Administration and Treasury Department,

July 2, 2020

Other Sectors

Is Fed taking too long on middle-market loan relief?

The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.

May 12, 2020

Other Sectors

Bankers fear massive borrower fraud in PPP

Up to 12% of loans under the $660 billion small-business rescue program could be tied to misleading or completely phony applications, fueling concerns about lenders' potential liability.

May 8, 2020

Financial Services

Ready Capital Acquires Madison One

The deal will expand Ready Capital’s presence in USDA lending through programs that support guaranteed loans for small businesses and energy projects in rural areas.

June 13, 2024

Other Sectors

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

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

April 16, 2020

Bankers & Advisors

Fintechs help banks manage deluge of emergency small-business loans

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.

April 15, 2020

SBA

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