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PYMNTS.com | April 06, 2020

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10 billion to nonprofits and businesses with fewer than 50 employees. The country’s fourth-largest bank said it has received a lot of interest in PPP loans since the program’s opening day on Friday (April 3). It anticipates that its loan capacity will be maxed out under the program since it is operating with the current asset cap limitat...

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Commercial Finance Fintech Lend, Business Lender Limba | June 07, 2021

Two Leading business lenders of Australia Lend and Limba announced their partnership to provide Australian small and medium businesses a greater access to funding. “We strongly believe in enabling businesses greater access to aligned funding solutions that alleviate working capital challenges or facilitate growth,” said Donelle Brooks, Head of Third Party,Lend. “We’re delighted to welcomeLimba Loansto our lender panel &ndash...

PNC | September 28, 2020

Amid this year's historic coronavirus pandemic, businesses are adapting by making major changes to their operations including increased use of technology, according to the latest PNC semi-annual survey of small and mid-size business owners and executives, which concluded Sept. 8. Eight in 10 (79%) reported that they have made adaptations to their business in response to COVID-19, including safety changes (69%) in the form of new policies and procedures (62%) or physical modifications ...

Newsday | May 04, 2020

Eleven public companies on Long Island have secured Paycheck Protection Program loans totaling more than $36 million and sustaining the salaries of about 2,200 workers, according to a Newsday review of securities filings. Some of the companies are still operating because they make essential products such as coronavirus diagnostic tests, scientific equipment and components for military aircraft. Forty-five percent made money last year and 55% did not. The group’s PPP loans ave...