Red Points

The Small Business Administration | June 18, 2020

The SBA unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes in the PPP Forgiveness Act. The SBA and Treasury said the changes would result in a more efficient process and make it easier for businesses to re...

INDUSTRY OUTLOOK

The Insurance Bureau of Canada | October 29, 2020

A group representing Canadian insurance companies has launched a team that will help small businesses find affordable coverage as rates rise during the pandemic, but critics expressed skepticism over the move. The Insurance Bureau of Canada, an association that represents the industry, said Thursday that the team will start its work by focusing on helping the hard-hit hospitality sector in Ontario. The move comes after business owners and politicians raised concerns over increasing instances of ...

Yahoo News | March 09, 2020

State-owned bank Natwest has announced a £5bn ($6.5bn) package of support for UK small businesses hit by coronavirus. Natwest, which is owned by Royal Bank of Scotland (RBS.L), said Monday it was setting up a £5bn working capital facility that would help small and medium sized businesses hit by the economic fallout from coronavirus. New measures announced include emergency no-fee loans, loan repayment holidays of up to six months, emergency overdraft extensions, and help with cashflo...

TECHNOLOGY

ICS | August 02, 2022

ICS, a portfolio company of ClearLight Partners and leading provider of Information Technology (IT) Managed Services to a vast array of client profiles, announced it has acquired Cards Technology (Cards), also a leading provider of Managed IT Services to small to medium businesses, headquartered in Ocean City, Maryland.Cards was founded in 2000 and has grown by helping small-to-medium sized businesses in the markets surrounding Ocean City, MD achieve success by providing technology solutions and...