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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
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MainVest On Bringing Everyday Investors To Main Street Shops 

PYMNTS

Big plans generally required big investments — which is why the best-known startup firms in the world have big names in business and venture capital standing behind them with their big checkbooks as backers. Unfortunately, access to capital is a primary factor limiting growth in the small business sector.”

Maine 151
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The Case For Localizing Mom-And-Pop Investment

PYMNTS

At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity. Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Localizing Capital.

Capital 145
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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

As more government entities introduce measures to aid SMBs, banks and FinTechs have launched their own programs this week to accelerate access to much-needed capital for their SMB customers. have launched new crowdfunding programs to support SMBs’ need for capital. Below is a roundup of some of the most recently announced measures.

Payments 173
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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. These organizations face increased demand during the holidays — when they deliver food to communities in need. billion in value by 2025. Inside The Playbook.

Tools 141
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Uber’s Developed Markets Turning Profits

PYMNTS

Its continued appetite for fresh capital underscores its growing pains in China and India, where the company has a whole new level of regulatory challenges and faces a razor-sharp competition with local and other international players. The company is also facing challenges in the U.S., its most profitable market.

Marketing 100
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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. The ratio would provide a bank’s current core capital position to risk-adjusted assets. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio.