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Paycheck Protection Program
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Paycheck Protection Program

FintechNews RoundupUSA
·May. 26, 2020

SBA Issues New Guidelines for PPP Loan Forgiveness

Late last Friday the SBA and Treasury issued more guidance for the Paycheck Protection Program; the latest interim final rule...
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FintechNews RoundupUSA
·May. 19, 2020

Jamie Dimon Says Crisis is a Wake-Up Call for Fairer Economy

JPMorgan Chase CEO Jamie Dimon says the current crisis is a wake up call for both government and business to...
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FintechNews RoundupUSA
·May. 18, 2020

Changes Coming to PPP Program

Lawmakers and other government officials are working to make changes to the Paycheck Protection Program; there has been slowing demand...
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FintechNews RoundupUSA
·May. 14, 2020

New Fiserv CEO Talks First Data Merger and Post Covid Financial World

New Fiserv CEO Frank Bisignano is set to take over in July and has quite the to do list ahead...
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FintechNews RoundupUSA
·May. 11, 2020

Fintechs Hope for Long Term Relationship with SBA

Fintech lenders are hoping their participation in the Paycheck Protection Program will lead to working with the Small Business Administration...
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FintechNews RoundupUSA
·May. 20, 2020

Citigroup Buying PPP Loans from Minority-owned Banks

Citigroup is committing $50 million to buy PPP loans from minority-owned depository institutional; the loan purchase program is in partnership...
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FintechNews RoundupUSA
·May. 18, 2020

Magic Johnson’s Insurance Company Funding $100 Million to Support Small Businesses

Magic Johnson told the WSJ that his life insurance company will provide $100 million to small businesses as part of...
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FintechNews RoundupUSA
·May. 18, 2020

Kabbage Shares PPP Loan Data

Kabbage shared today that over 110,000 small businesses have been approved through their platform totaling $3.5 billion; Kabbage is an...
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FintechNews RoundupUSA
·May. 12, 2020

Biz2Credit Small Business Lending Index Shares Record Low Loan Approval Rates

Approval percentages for small business loan applications at banks with $10+ billion in assets fell to 8.9%, down from 15.4%...
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FintechNews RoundupUSA
·May. 11, 2020

New Guidance Slows Firehose of Funds from the PPP

When the government announced the first tranche of funding for the Paycheck Protection Program (PPP) there was a flood of...
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