Sometimes we really do learn from our mistakes! I remember hearing a presentation years ago that the United States should not have allowed Lehman Brothers fail. Certain pundits would suggest, right or wrong and not to be debated, that this event was...
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March 08, 2022, 05:00 AM
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Huntington National Bank is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the fourth consecutive year at the close of SBA fiscal year 2021, further strengthening its position as the leader in...
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October 11, 2021, 07:18 AM
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The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital...
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January 11, 2021, 07:18 AM
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The American Institute of CPAs (AICPA) is a strong advocate of additional relief for small businesses and worked in recent months to prepare CPA firms for the next round of Paycheck Protection Program (PPP) funding through the development of...
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December 29, 2020, 07:25 AM
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The American Institute of CPAs (AICPA) and a coalition of more than 560 organizations representing millions of employers and American workers sent Congressional leaders a letter urging passage of legislation making it clear that expenses related to a...
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December 04, 2020, 07:18 AM
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Earlier this year, the American Institute of CPAs (AICPA) joined more than 170 organizations urging Congress to include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP) in its next...
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November 24, 2020, 07:10 AM
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NFIB’s Research Center released the latest survey relating to COVID-19 and its impact on the small business economy. The majority of Paycheck Protection Program (PPP) borrowers have used all of their loans and are preparing to apply for...
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October 12, 2020, 07:15 AM
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The American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, and fintech leader Biz2Credit announced they are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms...
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September 23, 2020, 07:17 AM
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The NFIB Research Center released a survey on the state of small business and the Paycheck Protection Program (PPP). The PPP loan application is set to close on Aug. 8 after Congress extended the deadline to allow more small business owners to...
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August 03, 2020, 07:25 AM
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The Federal Reserve Board announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide...
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July 30, 2020, 07:15 AM
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The NFIB Research Center released a survey updating the state of small business and financial assistance programs, including the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL).“Small businesses have been using...
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July 13, 2020, 07:15 AM
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Following an April industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled the details of an approximately $400 million effort to help small businesses impacted by the ongoing...
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July 10, 2020, 07:20 AM
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According to new research from Paychex, Inc., 90 percent of business owners say the Paycheck Protection Program Flexibility Act’s provision extending the forgiveness period from eight to 24 weeks will be impactful to their business, and 82 percent...
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June 29, 2020, 07:15 AM
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The NFIB Research Center released a survey with an update on the state of small business and the progress with federal loan programs. Twenty-seven percent of owners reported experiencing a significant or moderate increase in sales due to eased...
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June 26, 2020, 07:26 AM
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Some 56 percent of business executives said their companies had sought relief funds through the Paycheck Protection Program (PPP), a $660 billion initiative under the CARES Act designed to protect small businesses and their employees, a survey by the...
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June 15, 2020, 07:10 AM
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In reaction to the June 5 signing of the Paycheck Protection Program Flexibility Act, the American Institute of CPAs (AICPA) encouraged small businesses to apply for Paycheck Protection Program (PPP) funds ahead of the fast-approaching June 30...
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June 09, 2020, 07:00 AM
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LCA Bank Corporation (LCAB) continues its momentum to assist small business requiring PPP support. On May 20, LCAB was chosen to participate in an evening call-in event for minority entrepreneurs from Dallas, TX, all the way to Richmond, VA. The...
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May 27, 2020, 07:15 AM
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The NFIB Research Center released a survey on the status of the small business loan programs. Among NFIB members, 80 percent applied for a Paycheck Protection Program (PPP) loan and almost 90 percent have received the loan. Most of the loans were...
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May 22, 2020, 07:14 AM
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Amur Equipment Finance, Inc. (AmurEF), a nationally ranked Top Five independent equipment finance company, announced it has been approved by the U.S. Small Business Administration (SBA) to serve as a lender under the Paycheck Protection Program (PPP)...
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May 13, 2020, 07:20 AM
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LCA Bank Corporation (LCAB) announced the funding of more than $60 million in Paycheck Protection Program loans. LCAB is a wholly owned subsidiary of Lease Corporation of America (LCA), a full-service financing company specializing in technology and...
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May 13, 2020, 07:17 AM
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The NFIB Research Center released a survey on the small business loan programs. Small business owners were asked about the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs. The PPP is very popular among small...
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May 08, 2020, 07:10 AM
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OnDeck announced it has been approved by the U.S. Small Business Administration (SBA) to provide Paycheck Protection Program loans. "OnDeck's mission has always been to promote the growth and success of underserved small businesses by providing fast...
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April 16, 2020, 07:00 AM
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OnDeck announced it is partnering with a top SBA lender to serve small business owners seeking funding under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). “OnDeck recognizes that operating a small business during the...
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April 14, 2020, 07:15 AM
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The NFIB Research Center released the following data on the small business loan programs: The severity of economic disruptions in the small business sector is quickly increasing the immediate demand for financial assistance among small business...
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April 14, 2020, 07:00 AM
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