Biden outlines loan program help for ‘mom-and-pop’ businesses; GOP opposition to Tanden grows

President Biden is putting a heavy focus on the coronavirus Monday, while the Senate holds a hearing on his pick to lead the Justice Department. Politics SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…

Betsy DeVos stalled Obama’s student loan relief program. Borrowers hope Biden will fix it

Just before President Barack Obama left office, he made it easier for students defrauded by for-profit colleges to apply for the federal debt relief they had long been entitled to. CNN.com – RSS Channel – Politics SPECIAL NEWS UPDATE: Click … Read more…

12.7.20 Watch out for this Amazon Prime scam; Student loan payment freeze extended

Scammers are targeting Amazon Prime members specifically in a new scam that scare you into handing over sensitive personal information. There’s a little more clarity for people who have federal student loans. Payments will now be delayed through January 2021. … Read more…

China offers $1 billion loan to Latin America and Caribbean for access to its Covid-19 vaccine

Chinese Foreign Minister Wang Yi announced a $ 1 billion loan to Latin America and the Caribbean for Covid-19 vaccine access during a virtual gathering with his Latin American counterparts on Wednesday, according to a statement released by the Mexican … Read more…

Federal disaster loan program applications no longer limited to agricultural businesses

The Small Business Administration is reopening its Economic Injury Disaster Loan and EIDL advance grant portal to a broader array of eligible small businesses and nonprofits affected by the coronavirus pandemic, beginning Monday. Small Business BEST DEAL UPDATE: A way … Read more…

U.S. eases criminal record provision in coronavirus business loan program

Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds. Reuters: Business News … Read more…

Got a PPP loan but workers rejected your rehire offer? You might have to report them to unemployment

The federal government rolled out further forgiveness guidance on Paycheck Protection Program loans to small businesses last week, and it addresses a burning question entrepreneurs have had: Will I have my PPP forgiveness reduced if a worker I laid off … Read more…

Questions Persist After Release of New Small-Business Loan Rules

The Trump administration has updated guidelines for forgiving federally backed loans to help small businesses survive the coronavirus outbreak—but they don’t address some stickier issues plaguing lenders and borrowers. WSJ.com: US Business SPECIAL NEWS UPDATE: Click today to request your … Read more…

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries. Reuters: Entertainment … Read more…

Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program

The men are charged with fraudulently applying for more than $ 500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak. Small Business BEST DEAL UPDATE: A way … Read more…