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The Morning Hustle

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The Morning Hustle

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The Paycheck Protection Program, also referred to as PPP, was created as part of the 2020 CARES Act. It was an emergency federal loan initiative designed to shore up America’s struggling small businesses early in the pandemic. In total, around $800 billion in loans were allocated during the program. A recent working paper took a deep dive into where […]

Cash-trapped Pakistan is looking to secure a USD 3-billion (PKR 529 billion) loan from China and investments in half a dozen sectors during Prime Minister Imran Khan’s visit to Beijing next week, according to a media report on Sunday. Khan will visit the Chinese capital on February 3 to attend the opening of the Beijing […]

One woman being prosecuted in Atlanta for defrauding the Paycheck Protection Program is a Walmart bakery worker. Authorities say she helped a cousin apply for pandemic bailout loans in a multi-state scheme involving phony businesses. Another defendant runs a trucking company and, according to his indictment, hired a financial adviser who helped him and at […]

Private sector banks are lagging behind their state-owned peers in crop loan disbursements in Maharashtra with banks even charging high interest rates and bad loans under Self Help Groups (SHGs) remaining at a high level. At the recent meeting of the State Level Bankers’ Committee (SLBC) for Maharashtra, the RBI representative observed that the performance […]

by Joe Panettieri • Jan 26, 2022 GreatAmerica Financial Services, which works closely with MSPs and channel partners, has acquired IRH Capital LLC, a provider of financing to franchises. Financial terms of the deal were not disclosed. This is technology M&A deal number 106 that ChannelE2E has covered so far in 2022. See more than […]

China needs more children to defuse a demographic time bomb that threatens to derail Chinese President Xi Jinping’s ambitions to double China’s economy by 2035. To achieve that goal, Beijing is corralling local administrations and businesses to encourage reluctant women to give birth – by offering everything from baby bonuses, to discounted mortgages and paid […]

SAN DIEGO–(BUSINESS WIRE)–Epic Gardening, the online gardening destination founded by Kevin Espiritu announced today an investment of $17.5 million by The Chernin Group (TCG) to finance its continued growth and expansion. Founded in 2013, Epic Gardening is a trusted resource for millions of enthusiast and aspiring gardeners who want to grow their own food and […]

Related Practices & Jurisdictions As 2021 came to an end, the Consumer Financial Protection Bureau (CFPB) released its 2021 Fall Supervisory Highlights, which cover the CFPB’s findings of examinations completed on the first half of the year. Though the CFPB’s Fair Lending Supervision Program reviews compliance with the Equal Credit Opportunity Act (ECOA) and its […]

The Federal Small Business Administration (SBA) helps small businesses obtain financing through different types of loans. The SBA also offered specialized COVID-19 assistance programs through the end of 2021. The SBA generally doesn’t make loans. Instead, they help business owners get loans from third parties previously approved by them. The exception is SBA Disaster Loans […]

The New Mexico Mortgage Finance Authority is best known for providing mortgages and down payment assistance to first-time and repeat homebuyers. They do much more than that, however. In addition to also providing tax credits and financing for the development of affordable rental housing, they likewise offer special financing for buyers who purchase homes in […]