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FintechUSA
·Jun. 2, 2020

Mark Cuban’s Take on Small Business Banking

In Forbes, Ron Shevlin discussed the new initiative from Mark Cuban and Jill Castilla, CEO of Citizens Bank of Edmond,...
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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

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. 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. 4, 2020

The Upcoming Challenges Related to PPP Loan Forgiveness

In his latest piece, Ron Shevlin digs into the looming PPP forgiveness nightmare; the second round of the Paycheck Protection...
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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. 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. 8, 2020

The Second Round of the PPP Still Going as Demand Cools

Many people thought, including your LendIt editors, that the $310 billion allocated for the second round of the Paycheck Protection...
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FintechNews RoundupUSA
·May. 1, 2020

The Federal Reserve Expands Access to the PPP Liquidity Facility

Late yesterday the Federal Reserve announced that it was expanding access to the PPP Liquidity Facility to allow additional lenders;...
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