More technical issues plague replenished Paycheck Protection Program
04/28/2020
Chris Ferris, president and CEO of Fidelity Bank, says the second roll out of the COVID-19 aid program by the SBA was crippled by technical difficulties.
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Small N.O. Banks Competing with Big Guys to Get PPP Loan Applications In
04/28/2020
Yesterday, when the SBA reopened the application process for Paycheck Protection Program loans, ?batch uploads? from big banks were the likely reason the SBA?s computer system was overloaded and difficult to use. The problems continued today.
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Financial advisor: Mortgage rates low but qualifying for a loan may be tougherFinancial advisor: Mortgage rates low but qualifying for a loan may be tougher
04/26/2020
If you're planning to relocate or move, financial advisors say, now's the time to do it.
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Will dominance of Louisiana's smaller banks in early coronavirus relief lending mean lasting change?
04/24/2020
Louisiana's smaller banks dominated lending in the first $349 billion round of the Paycheck Protection Program (PPP), accounting for the bulk of nearly 27,000 loans, according to SBA data. That provided more than $5.1 billion for Louisiana companies who can have the debt forgiven if the proceeds are used mainly to keep workers on the payroll during the shut-down.
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Paycheck Protection Program Round 2: What to expect
04/24/2020
A $484 billion stimulus package signed into law Friday ? the fourth so far in the coronavirus pandemic ? includes more than $300 billion for a small business forgivable loan program that ran out of funding two weeks after it launched with $349 billion.
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