Tagged: ppp

Biz2Credit Announces Support For Biden-Harris Administration’s PPP Changes to Promote More Equitable Access to Funding

  Biz2Credit announced earlier this week it supports Biden-Harris Administration’s changes to the Paycheck Protection Program (PPP). The company claims that the changes will promote more equitable access to funding for small businesses in need of funding during the COVID-19 pandemic. Biz2Credit further revealed it has… Read More

LendingUSA Opens Second Round Paycheck Protection Program Applications For Small Business Owners

  LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, recently announced it has teamed up with Cross River Bank to open second round of Paycheck Protection Program (PPP) applications for small businesses. LendingUSA reported that small business… Read More

Rewards Network Partners With Womply to Facilitate Restaurant Applications for the Next Round of Paycheck Protection Program Loans

   Rewards Network, a provider of financing, marketing, and loyalty services to the restaurant industry, announced on Wednesday it has formed a partnership with software and API company serving local businesses and app developers Womply to facilitate restaurant applications for the next round of Paycheck… Read More

U.S. Financing Platform For Small Businesses Nav Announces Launch of PPP Application Portal

    Nav, a U.S.-based financing platform for small businesses, announced on Monday it has launched its Paycheck Protection Program (PPP) Application Portal. According to Nav, the portal is to help small businesses quickly apply for the new round of PPP loans. “The Nav PPP… Read More

Cross River Set to Participate in Next Round of Paycheck Protection Program

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced earlier this week t will be participating in the next round (Round B) of the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP).  In the initial round of… Read More

Wolters Kluwer, a Compliance, Finance, Legal, and Tax Solutions Provider, Enhances UX for PPP Funding

Wolters Kluwer, a company providing information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors, has enhanced the end-to-end user experience for the latest Paycheck Protection Program (PPP) funding va TSoftPlus software and the eOriginal platform…. Read More

Biz2Credit Opens Applications For New Round of Paycheck Protection Program Loans

Biz2Credit announced on Tuesday it has opened applications for anew round of Paycheck Protection Program (PPP) loans.  The PPP is part of the $2 trillion CARES Act signed on March 27, 2020, aimed at getting small business owners back on their feet and millions of Americans… Read More

AICPA, CPA.com, and Biz2Credit: Small Businesses and CPA Firms Should Be Readying for New Round of PPP Relief Funds

Biz2Credit has teamed up with the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com to recommend that small businesses and CPA firms should be readying for a new round of Paycheck Protection Program (PPP) relief funds. Biz2Credit reported that during the initial… Read More

The Paycheck Protection Program Had a Short Positive Impact, But PPP2 Needed: Biz2Credit

The Paycheck Protection Program (PPP), helicopter money disbursed by the federal government to aid businesses crushed by the ongoing COVID-19 pandemic had a positive effect but the overall impact has been short-lived, according to research provided by Biz2Credit. The online lender states that the government… Read More

Latino Owned Businesses Not Sufficiently Supported by PPP, Second Stimulus is Needed : Camino Financial

Camino Financial, a Fintech platform providing affordable credit and financial products for US Latino businesses, recently published a report on Latino-owned Businesses (LOBs) covering Q3 as well as insight into the impact of COVID-19 on these businesses. The US Latino Small Business Survey offers insights… Read More

SBA Approved Non-Bank Lender ACAP Signs Deal With Biz2Credit For License PPP Forgiveness Platform

ACAP, an SBA-approved non-bank lender and national loan aggregator of Paycheck Protection Program (PPP) loans, announced on Wednesday it has signed a new deal with Biz2Credit to utilize the Biz2X PPP Forgiveness Platform. ACAP reputed that it and its servicing team The Loan Source will… Read More

Lendio’s New Report Reveals How Network of Lenders Converged to Secure $8 Billion in PPP Loan Approvals (Infographic)

Online lending platform Lendio announced on Wednesday its latest report reveals how its network of lenders converged to help secure $8 billion in Paycheck Protection Program (PPP) approvals. The lender reported that more than 100,000 small business owners utilized its online application to access the… Read More

Kabbage to Stop Accepting New Applications for Paycheck Protection Program Before August 8th Deadline

Global financial service platform Kabbage announced it will not be accepting new applications for the Paycheck Protection Program after August 6th (today). The online lender decided to close the application process for new applicants before the August 8th deadline in order to finalize existing applications…. Read More

Texas Man Receives $1.1 Million Under Paycheck Protection Program, Uses Funds to Buy Crypto, Busted for Fraud

The US Attorney in the Southern District of Texas has arrested an individual for allegedly receiving over $1.1 million in Paycheck Protection Program (PPP) loans which were used to purchase cryptocurrency according to a statement by the Department of Justice. Joshua Thomas Argires, 29,  of… Read More

More than Half of Paycheck Protection Program Recipients are Focused on Financial Services, but Some Crypto Projects like Zcoin are Self-Funded

Over half or 50% of companies that applied for, and received funding via the US government’s Paycheck Protection Program were financial services providers or companies focused on related technology developments. As reported recently, Fintech firms managed to acquire significant amounts of funding from the PPP… Read More

Fintech Solutions Could Help SMBs Improve how they Submit Loan Applications for the Paycheck Protection Program, US Industry Professionals Explain

There were many borrowers in the US that signed up for Paycheck Protection Program (PPP) loans because they wanted to be able to make payroll, David O’Connell, a senior analyst focused on wholesale banking at Aite Group, confirmed. O’Connell claims that these businesses were thinking… Read More

Mainvest CEO Calls US Paycheck Protection Program a Failure: “the small business relief money didn’t go to the right people”

Nick Mathews, CEO of Mainvest – a FINRA regulated funding portal offering securities under Reg CF, believes that the highly touted and popular Paycheck Protection Program (PPP), launched by the US Government to backstop the economy during the COVID-19 pandemic, has been ineffective in getting money… Read More

Online SME Lender Funding Circle Posts Update on UK COVID-19 Support Schemes, US PPP Loans

Funding Circle (LSE:FCH) has posted an update on its participation and support of COVID-19 relief programs. Funding Circle is facilitating programs in both the US and UK. The SME online lender is participating in the British Business Bank’s (BBB) Coronavirus Business Interruption Loans Scheme (CBILS) and… Read More

Bitcoin Magazine, Bittrex, bitFlyer, CipherTrace, Circle, ConsenSys, LedgerX, Messari, Among Many Other Blockchain Firms have Received Funding via COVID-19 Linked PPP Scheme

The Trump Administration has released additional information regarding the recipients of the COVID-19 linked Payroll Protection Program (PPP). Brooklyn, New York-based ConsenSys, a leading Ethereum (ETH) development studio, and several digital asset exchanges were listed as beneficiaries of the recent PPP Coronavirus financial relief scheme…. Read More

Kabbage Approves More Than 209,000 Paycheck Protection Program Applications For $5.8 Billion

Global financial service platform Kabbage announced on Wednesday it has approved more than 209,000 Paycheck Protection Program (PPP) applications for $5.8 billion. Kabbage claimed it is the third-largest PPP lender in the country by application volume.  As previously reported, the PPP is part of the… Read More

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