Small business financing

FILE - In this April 2, 2020 file photo, a notice of closure is posted at The Great Frame Up in Grosse Pointe Woods, Mich. The government is closing in on the $349 billion lending limit on its Paycheck Protection Program that is sending relief money to the nation’s small businesses. The Small Business Administration says that it has approved more than 1.6 million loans worth more than $339 billion. The program will likely reach its ceiling Thursday, April 16. (AP Photo/Paul Sancya, File)
April 16, 2020 - 10:41 am
NEW YORK (AP) — The government’s paycheck protection loan program for small businesses is on hold. The Small Business Administration said Monday that it reached the $349 billion lending limit for the program. Thousands of small business owners whose loans have not yet been processed must now wait...
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Rep. Alexandria Ocasio-Cortez, D-N.Y., left, wears a face mask to fend off the coronavirus as she listens to Senate Minority Leader Chuck Schumer, D-N.Y., speaks during a news conference to call on FEMA to grant approval for Disaster Funeral Assistance to help families in lower-income communities and communities of color across New York pay for funeral costs amid the coronavirus pandemic, Tuesday, April 14, 2020, in Corona neighborhood of the Queens borough of New York. (AP Photo/Mary Altaffer)
April 15, 2020 - 10:32 pm
WASHINGTON (AP) — With a key coronavirus rescue fund nearly exhausted, negotiations are accelerating in Washington over President Donald Trump’s $250 billion emergency request to help smaller employers across the country keep workers on their payroll. Senate Minority Leader Chuck Schumer and...
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Vet tech Ashley Kultau, left, and Dr. Marisa Shulman check out Orik at Riverview Animal Hospital on Thursday, April 9, 2020 in Chattanooga, Tenn. With a 25% drop in business due to the COVID-19 pandemic, Dr. Tai Federico, owner of Riverivew Animal Hospital, has applied for a federal paycheck protection loan to help keep his full staff employed. (C.B. Schmelter/Chattanooga Times Free Press via AP)
April 15, 2020 - 8:54 pm
NEW YORK (AP) — The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling relief money to the nation’s small businesses. The Small Business Administration says that as of Wednesday afternoon, it had approved more than 1.44 million loans...
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FILE - In this April 3, 2020, file photo, the seats and aisles are empty as seen through the window of the closed Penndot Drivers License Center in Butler, Pa. Some owners who got their money said they're now feeling more confident about being able to retain their employees after businesses closed due to the coronavirus outbreak. (AP Photo/Keith Srakocic, File)
April 13, 2020 - 7:47 pm
NEW YORK (AP) — The flow of money to small businesses under the government's $349 billion coronavirus relief plan is picking up momentum although many company owners are still waiting and wondering. Money that was held up by technological and legal issues and the sheer volume of applications began...
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President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington, as Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarthy of Calif., listen. (AP Photo/Evan Vucci)
April 11, 2020 - 1:59 pm
WASHINGTON (AP) — As governors plead for aid, Republican leaders in Congress said Saturday they prefer replenishing a $350 billion small business program rather than negotiate the broader coronavirus package Democrats are pushing with the White House. In a joint statement, Senate Majority Leader...
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Treasury Secretary Steven Mnuchin and President Donald Trump listen to a question during a conference call with banks on efforts to help small businesses during the coronavirus pandemic, at the White House, Tuesday, April 7, 2020, in Washington. (AP Photo/Evan Vucci)
AP News
April 08, 2020 - 7:57 pm
WASHINGTON (AP) — Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local...
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FILE - In this April 3 2020 file photo, customers, some wearing face masks, line up outside a Wells Fargo branch in the Atwater Village neighborhood of Los Angeles during the coronavirus outbreak. The Federal Reserve is lifting its lending restrictions on Wells Fargo, Wednesday, April 8, to allow it to make more loans that fall under the $349 billion Paycheck Protection Program and the Fed’s upcoming own small business lending program. The Fed has had Wells under a tight leash due to the bank’s prior scandalous behavior, including the opening of millions of fake accounts (AP Photo/Damian Dovarganes, File)
April 08, 2020 - 1:20 pm
NEW YORK (AP) — The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline. The Fed's action will allow Wells to make more loans under the $349...
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In this Friday, April 3, 2020, photo, a woman walks by local stores during the coronavirus pandemic in New York. Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting Tuesday, April 7, 2020, amid reports of computer problems at the Small Business Administration.(AP Photo/Mark Lennihan)
April 07, 2020 - 11:49 pm
NEW YORK (AP) — Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting Tuesday amid reports of computer problems at the Small Business Administration. The SBA’s loan processing system stopped working Monday, making it impossible...
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In this image from video, Senate Minority Leader Chuck Schumer, D-N.Y., speaks on the Senate floor at the U.S. Capitol in Washington, Wednesday, March 25, 2020. (Senate Television via AP)
Associated Press
April 07, 2020 - 6:02 pm
WASHINGTON (AP) — As Congress races to craft the next coronavirus rescue package, President Donald Trump's sudden request Tuesday to pump $250 billion more into a just-launched payroll program for small businesses may hit roadblocks. Treasury Secretary Steven Mnuchin said more money is needed for...
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FILE - In this April 3, 2020, file photo, the seats and aisles are empty as seen through the window of the closed Penndot Drivers License Center in Butler, Pa. Small business owners hoping for quick loans from the government were in a holding pattern Monday, April 6, 2020, waiting on their bank to either take their application or, if it did, send them the money. (AP Photo/Keith Srakocic, File)
April 06, 2020 - 9:07 pm
NEW YORK (AP) — Small business owners hoping for quick loans from the government were in a holding pattern Monday — waiting on their bank to either take their application or, if it did, send them the money. Business owners began submitting applications to banks, credit unions and other financial...
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