Stories Tagged as
Small business loans
The business lending environment is tough right now — especially for people of color
by
Justin Ho
Jan 15, 2024
The Biden administration has tried to make it easier for business owners to get loans. But high interest rates are a challenge.
With higher interest rates, small businesses and lenders proceed with caution
by
Justin Ho
Oct 10, 2023
Only a quarter of small businesses say they're getting the credit they need, according to the National Federation of Independent Business.
Banks are pushing more business loans. Some business owners aren’t sure they want them.
by
Justin Ho
Apr 27, 2022
In the words of one business owner: "Why would I want to go into any type of expansion?"
PPP loan deadline extension would help banks process more applications
by
Justin Ho
Mar 29, 2021
The latest loans have moved more slowly than the previous round, due in part to additional compliance checks to prevent fraud.
New PPP plan aims to level playing field for smallest businesses
Feb 24, 2021
Smaller businesses owned by women and people of color often lack the banking relationships that larger companies have.
What small business owners might expect from Biden
by
Justin Ho
Dec 7, 2020
Biden has pledged to provide additional resources for small businesses. Business owners say the type of aid matters.
The Fed wants to lend money to more small businesses, but many aren't interested
by
Justin Ho
Nov 2, 2020
The central bank dropped the minimum loan amount under its Main Street Lending Program to $100,000. But not many businesses feel confident taking out loans they'll have to repay in five years.
For public good, not for profit.
Bankers want businesses to know "there’s still money" for PPP loans
by
Kai Ryssdal
and Maria Hollenhorst
Jun 3, 2020
Laurie Stewart, CEO of Seattle-based Sound Community Bank, says the bank has made more than 700 loans through the program.
SBA temporarily shuts out big banks and businesses from Paycheck Protection Program
by
David Brancaccio
, Nova Safo
and Alex Schroeder
Apr 30, 2020
For eight hours, only smaller banks were able to process applications.
Upper Midwest, Great Plains states have fared best in SBA emergency loan program
by
Justin Ho
Apr 23, 2020
As Congress weighs a new round of funding, data reveal that the upper Midwest and Great Plains regions benefited the most from the first round of PPP funding.