4/26/2020 9:06:45 PM Fintechs sidelined in second round of SBA PPP funding By Carlos Alonso Torras The new round of funding for the Paycheck Protection Program, which includes $60 billion for smaller businesses, excludes non-depository...
4/24/2020 2:19:48 AM House passes COVID-19 relief package to replenish PPP loan funding By Carlos Alonso Torras On Thursday, the House passed the newest federal stimulus package aimed at providing financial relief for businesses and institutions hit...
4/24/2020 2:10:15 AM New guidance issued for second round of PPP funding, pressuring public companies to return funds By Carlos Alonso Torras The SBA issued new guidance on Thursday making it less likely that big publicly traded companies can access the next round of funding for...
4/22/2020 11:19:27 PM Interesting statistics from first round of SBA PPP loans By Carlos Alonso Torras Given the speed at which the initial disbursements were made, the following statistics help understand the magnitude of the coverage and...
4/17/2020 6:44:28 PM U.S. Fintech Firms Struggle for Role in Bailout By Gareth Jones Only a handful of fintech companies have been approved as SBA lenders and before they were approved, could still participate, but only as...
4/16/2020 4:16:02 PM Small business rescue loan program hits $349b limit and is now out of money By Carlos Alonso Torras As of Thursday morning, the SBA says it’s “unable to accept new applications for the Paycheck Protection Program based on available...
4/15/2020 10:35:25 PM Fintech lenders expand access to COVID relief funds for small businesses By Carlos Alonso Torras This week, the government took the first steps to broaden PPP distribution channels with the addition of non-bank lenders including...
4/7/2020 1:57:27 AM Plaid gives lenders access to small business payroll data amidst SBA PPP time crunch By Carlos Alonso Torras Plaid is building a product that speeds the payroll portion of emergency loan applications from days to a matter of minutes, relieving...