Lenders Push SBA About Loan Delays & Microloan Partnerships

Credit: D Magazine

Budget, Policy & Stimulus News

Lenders Push SBA About Loan Delays

A coalition of lender groups has urged the Small Business Administration to act to clear thousands of Paycheck Protection Program loans currently being held up. The loans were flagged by the agency’s automated verification system and businesses could be shut out if the matter is not resolved by a March 31st deadline. (Source)

Economic News

BBB, Phoenix, GoDaddy Launch Microloan Partnership

The Better Business Bureau, City of Phoenix and GoDaddy have joined forces to create Phoenix Kiva Hub, a crowdfunding resource that seeks to provide local business owners with interest-free microloans. The program is open to any applicant but is specifically targeted toward businesses in traditionally marginalized communities. Loans range from $1,000-$1,500. (Source)

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