Merchant

It would ignore technical glitches plaguing the entire Paycheck Protection Program and could end up delaying loans to larger borrowers who also need relief, bank executives and their trade groups say.

Only businesses with 20 or fewer employees will be eligible to apply for forgivable loans from the Small Business Administration's Paycheck Protection Program.

The Small Business Administration wants to vet Paycheck Protection Program loans of $2 million or more, but lenders have grown tired of waiting for months with no updates.

A survey commissioned by Bank of America found that Black entrepreneurs are more hopeful about revenue opportunities than other small-business owners, though many are still struggling to bring in the capital needed to expand.

I2c and Unifimoney change incentives to fit market conditions, rather than focusing primarily on boosting consumer spending.

Michael Moeser, Senior Analyst at PaymentsSource, talks to Brian Barth, CEO of Uplift, about how the buy now/pay later space continues to develop.

With Card Forum: Contactless about to kick off, it's important to know the major issues ahead of time so you can get the most out of the virtual event on March 16.

Noninterest income from Paycheck Protection loans and mortgage refinancings isn't enough to make up for shortfalls elsewhere, and growth prospects are hard to identify.

Banks have diverted resources from traditional Small Business Administration lending to make Paycheck Protection Program loans, but many are taking steps to rev up 7(a) and 504 lending once the PPP winds down.

The Swedish installment lender's diversification makes it a direct competitor to mainstream banks.