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Prosper Portland readies $2 million small business relief package

Prosper Portland, the city's economic development arm, is in the final stages of creating a $2 million relief fund for small businesses. If approved by the agency's board on Thursday, the money will go to businesses that have lost at least 25 perce.....»»

Category: topSource: bizjournalsMar 25th, 2020

City of Portland readies $3M small business relief effort

The City of Portland is working with Prosper Portland on a program that will help small businesses weather the economic devastation caused by the coronavirus outbreak. At a City Council meeting Wednesday, commissioners unanimously approved $3 million for.....»»

Category: topSource: bizjournalsMar 25th, 2020

10,000 apply for Portland"s small business relief grants

Prosper Portland, the city's economic development arm, received more than 10,000 applications for $1 million in relief grants designed to help businesses affected by coronavirus. Sole proprietors are eligible for up to $5,000. Businesses with up t.....»»

Category: topSource: bizjournalsApr 3rd, 2020

Prosper Portland establishes $2 million small business relief fund

Prosper Portland's board on Thursday approved the creation of a relief fund for small businesses affected by coronavirus. The fund comes from $1 million from the city of Portland and $1 million from Prosper Portland's existing budget. Half of the.....»»

Category: topSource: bizjournalsMar 26th, 2020

U.S. small banks have processed more than 700 small business relief loans for $2.5 million: Mnuchin

U.S. Treasury Secretary Steve.....»»

Category: topSource: reutersApr 3rd, 2020

$350 billion will be on the table soon for small business — the time to prepare is now

The $2.2 trillion federal relief package offers new small business loans to help companies make payroll during this difficult time......»»

Category: topSource: bizjournalsApr 2nd, 2020

Bank of America pledges $250M for small business loan program

Bank of America Corp. (NYSE: BAC) has pledged $250 million in capital to fund loans through the Coronavirus Aid, Relief and Economic Security Act's Paycheck Protection Program. Charlotte-based BofA will funnel the capital to community development fi.....»»

Category: topSource: bizjournalsMar 31st, 2020

Bank of America pledges $250M for CARES Act small business loan program

Bank of America Corp. (NYSE: BAC) has pledged $250 million in capital to fund loans through the Coronavirus Aid, Relief and Economic Security Act's Paycheck Protection Program. Charlotte-based BofA will funnel the capital to community development fi.....»»

Category: topSource: bizjournalsMar 31st, 2020

As hotels plead for "second" stimulus, Portland stares down $959 million in possible loan defaults

Without federal intervention and relief, industry experts say the carnage will be widespread and result in instability in business and tourism centers for years to come......»»

Category: topSource: bizjournalsMar 30th, 2020

Coronavirus Cases In Europe Surpass China"s Total, Senate Calls 2 PM Vote On Small-Business Relief Package: Live Updates

Coronavirus Cases In Europe Surpass China"s Total, Senate Calls 2 PM Vote On Small-Business Relief Package: Live Updates.....»»

Category: blogSource: zerohedgeMar 18th, 2020

As the Trump administration praises coronavirus relief program, lenders and small businesses criticize delays

The coronavirus crisis is putting added pressure on small business, 29% of which prior were unprofitable and 47% had t.....»»

Category: topSource: usatoday5 hr. 57 min. ago

Big banks start accepting small business aid requests

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»

Category: topSource: moneycentralApr 3rd, 2020

Big banks start accepting small business aid requests

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»

Category: topSource: moneycentralApr 3rd, 2020

"We don"t get the lifeboats": Entrepreneurs are raging on Twitter after banks turn away desperate business owners who were promised government relief today

Paramount Pictures The federal government promised relief funding would be up and running today. But small business owners are met with bank delays and broken webpages, and some have been turned away completely.  C.....»»

Category: topSource: businessinsiderApr 3rd, 2020

Will Wells Fargo be sidelined in SBA’s relief efforts for small business?

Wells Fargo's Fed-imposed asset cap could sharply limit the bank's role in the government's efforts to help small businesses survive the downturn. Wells advises customers: Stay tuned......»»

Category: topSource: bizjournalsApr 3rd, 2020

Big U.S. banks start accepting small business aid requests

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»

Category: topSource: reutersApr 3rd, 2020

Trump says Bank of America, others doing "great job" on small-business loans

President Donald Trump hailed one of the country's largest banks, as well as many small lenders, for making small business emergency loans on the first day of a new U.S. coronavirus economic relief program......»»

Category: topSource: reutersApr 3rd, 2020

55 Federal, State and Nonprofit Relief Efforts and Funds to Help You Through the Coronavirus Pandemic

Is your small business struggling? These resources can help you get through this difficult time......»»

Category: topSource: moneycentralApr 3rd, 2020

Banks warn of chaos in small-business lending program

Millions of small businesses are anxiously awaiting their slices of a $350 billion relief program that forms part.....»»

Category: topSource: moneycentralApr 3rd, 2020

SheaMoisture announces $1M relief fund to women of color entrepreneurs

Haircare and beauty brand SheaMoisture announced a $1M relief fund to support women of color entrepreneurs and small business owners......»»

Category: topSource: moneycentralApr 3rd, 2020

Federal small-business loan program faces rocky start as bankers pump the brakes

Major bankers said it will take time before federally backed small business loans under the $2 trillion bailout package are made available, contradicting claims made earlier by top federal officials......»»

Category: topSource: washpostApr 2nd, 2020