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MSN | Outlook, Office, Skype, Bing, Breaking News, and Latest ... | April 13, 2020
The CARES Act created a $350 billion program to make emergency loans to small businesses impacted by the coronavirus crisis, designed to help these companies continue to pay workers and cover their rent or mortgage payments. This is officially known as the Paycheck Protection Program, or PPP. Since the program's introduction, major banks and regional financial institutions have approved billions' worth of these loans. However, the major fintech companies had been left on the sidelines. N...
U.S. Bank | August 13, 2021
U.S. Bank has entered into an agreement to acquire Bento Technologies, known as Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses. The innovative Bento platform offers businesses simple and easy-to-use tools to better manage card-based payments and other expenses via spend tracking and card transaction controls.
The acquisition is part of the vision at U.S. Bank to bring p...
Nuula | June 15, 2022
Nuula, a fintech company that provides small businesses with the tools and capital they need to excel, announced its Canadian launch today. Starting today, Nuula will offer Canadian small business owners a groundbreaking way to track their company's performance and gain access to various financial products tailored to their needs as owners.
Nuula's super app supports many useful features to help small business owners stay on top of what's valuable. It includes monitori...
Newtek | April 29, 2020
Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck Protection Program (PPP), according to a press release.
The company estimated that this has been able to help 66,000 employees of borrowers from Newtek stay on the payroll.
The NSBF estimated it has another $24.9 million in PPP loans that will be funded later this week by the Small Business Administration (SBA), the release...
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