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Fourth Installment: SAS Executive Stu Br…
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USDA to Provide $1bn in Rural Business Support
Agriculture sector support comes through the same CARES Act legislation as the Paycheck Protection Program
Nearly 5m Now in Forbearance Due to Pandemic, Says Survey
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
Major Banks Granted Additional Lending Capacity
A temporary rule change will allow the largest US lenders to expand their balance sheets further to help companies and households through the pandemic
How PPP Forgiveness Will Work
The SBA has published details of how borrowers using the $669 billion lending program can have their loans forgiven
How to Commit Stimulus Fraud
Officials have dumped an enormous amount of money into the economy in a matter of weeks. That means the environment is ripe for fraud.
If lenders are struggling with PPP, wait until they hit Main Street
Once again, lenders across the US have been inundated with applications and are struggling to keep up with demand
Banks Eye Revenue Boost From COVID-19 Support Packages
Data indicates that banks have earned more than $20 billion in fees from processing PPP loans so far
PPP By Numbers: Where the SBA’s Aid Has Helped the Most
The Paycheck Protection Program has provided loans to almost half of businesses in every state – and in some it has reached much more
Banks Update on PPP Loans as Wells Fargo Probed
Authorities have inquired about Wells Fargo’s handling of PPP loans, according to a regulatory filing
Business Loan Programs Expanding as Demand Soars
The Fed is boosting several pandemic aid programs, including the PPP, as data shows more than half of its first expansion has been used up
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