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Small Business Loans Extended

2021-04-01 16:15:27| National Farmers Union

A day before the Small Business Administration (SBA) Paycheck Protection Program (PPP) was set to expire on March 31, President Joe Biden signed a two-month extension into law. The program, which provides forgivable loans to cover businesses’ payroll and other costs, is now open for applications through May 31, 2021. Though the term “paycheck” is used in the program name, businesses are not […]

Tags: business small extended small business

HSBC glitch led to thousands of small business loans in the wrong name

2020-07-07 01:41:00| BBC News | Business | UK Edition

HSBC customer Cesar Basanta has had to wait weeks to agree a 50,000 bounce back loan for his firm.

Tags: name business small led

Coronavirus business loans double, but only half approved

2020-04-23 11:48:52| BBC News | Business | UK Edition

Banks have approved 2.8bn of loans for small firms, compared with 1.1bn approved last week.

Tags: business half double approved

Bank of America revs up auto loans business despite warning signs

2016-03-03 12:07:35| Auto Dealers - Topix.net

The bank tapped mortgage executives Matt Vernon and John Schleck to lead the auto lending business last May, saying they would be able to sell auto loans alongside other products such as checking accounts and home equity loans. In interviews, the executives and their boss, D. Steve Boland, who oversees a broad swath of consumer lending, said they still see room for growth from borrowers who have good credit.

Tags: business auto america bank