Fintechs sidelined in second round of SBA PPP funding
The new round of funding for the Paycheck Protection Program, which includes $60 billion for smaller businesses, excludes non-depository...
News by FinTech Collective
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House passes COVID-19 relief package to replenish PPP loan funding
On Thursday, the House passed the newest federal stimulus package aimed at providing financial relief for businesses and institutions hit...
New guidance issued for second round of PPP funding, pressuring public companies to return funds
The SBA issued new guidance on Thursday making it less likely that big publicly traded companies can access the next round of funding for...
Interesting statistics from first round of SBA PPP loans
Given the speed at which the initial disbursements were made, the following statistics help understand the magnitude of the coverage and...
U.S. Fintech Firms Struggle for Role in Bailout
Only a handful of fintech companies have been approved as SBA lenders and before they were approved, could still participate, but only as...
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