April 2020

small business

Large Companies Access $365M in Loans Intended for Small Business

The Small Business Administration (SBA) issued new guidelines today, making it less likely for the larger companies to access the next round of funding for the small business relief program.  The SBA also increased pressure for public companies to give back any money they received. This comes after public outcry of unfair practices that saw

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sba administration

Small Business Info Exposed in SBA Data Breach

A data breach at the agency tasked to provide financial assistance to small businesses during the COVID-19 pandemic has exposed sensitive data of approximately 8,000 small businesses. As a result, a delay in payouts is expected. The Small Business Administration (SBA), which oversees the Economic Injury Disaster Loan (EIDL) program, has notified applicants of the potential

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more money

Deal Reached to Replenish Small Biz Loan Program

The White House and Congress have reached a deal for additional funding to replenish the exhausted small business loan program. Since the program launched, small businesses have feverishly applied for the SBA and Paycheck Protection Program (PPP) loans. The details of the package are forthcoming. However, it’s anticipated to include up to $310 billion for

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sba

Funding for Paycheck Protection Program is Exhausted

The $349 billion in funding set aside for small businesses as part of the Paycheck Protection Program (PPP) has been exhausted. That’s according to the Small Business Administration (SBA). Furthermore, they are not accepting any more applications for PPP loan program. Loan applications received by banks that haven’t been sent to the SBA will not

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Google

Google Commits $800M to COVID-19 Affected Small Biz Owners

Google joins the long list of big businesses offering a hand to small biz owners affected by COVID-19. Earlier in the month Fingercheck reported that Facebook, YELP! and Amazon, each initiated efforts to offer financial support small businesses. Now, Google CEO, Sundar Pichai has announced a new $800+ million commitment to support them along with

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