Small business owners often face hurdles trying to borrow money. Data from the Federal Reserve shows that 85% experienced financial difficulties in 2021. And during that time, more than half…
Category: Loans
Local banks could help shore up Black business loan program
Everybody loves a story with a happy ending. Unfortunately, when it comes to a state-sponsored program for providing Black-owned businesses with loan money, I don’t think we’re quite there yet.…
Marking the 2-Year Anniversary of the PPP Loan for Small Businesses
There are happy anniversaries and not-so-happy anniversaries. The first week of April marks the two-year anniversary of the Paycheck Protection Program (PPP) administered through the Small Business Administration (SBA). Although…
Goldman Sachs Loans to Peloton Founder John Foley in Spotlight
Goldman Sachs is in talks with Peloton founder John Foley about personal loans backed by Peloton shares, a person briefed on the matter said. Foley has pledged more than 20%…
UK government seeks to make Covid business loan scheme permanent
UK government officials are in talks with British bankers to provide a permanent replacement for the various programmes that helped banks lend to struggling companies during the pandemic. Officials at…