Beyond PPP: Here’s how many SBA disaster loans have been approved in Texas
The SBA’s EIDL program is unable to accept new applications because it needs more funding.
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Building "Bridges" Across the Bayou City!
The SBA’s EIDL program is unable to accept new applications because it needs more funding.
Read MoreThe SBA’s Paycheck Protection Program exhausted its $349 billion budget by April 16, and more PPP loans were approved in Texas than any other state.
Read MoreThis morning, the White House announced that the $350 billion earmarked for the Small Business Administration’s Paycheck Protection Program (PPP) is completely depleted. In addition, the separate Economic Injury Disaster Loans (EIDL) is also low on funds. This means many Houston-area restaurant and bar owners will continue to endure difficult financial situations. They will be […]
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Read MoreContract workers and the self-employed could apply for the loans from the $349 Paycheck Protection Program as of April 10. But bankers and entrepreneurs are just now coming to terms with how that will work. The clock is ticking with the federal program…
Read MoreThe federal Paycheck Protection Program has been so popular that some banking leaders believe it could run out of funding this week. And Texas businesses have had more loans approved than any other state in the country.
Read MoreThe rollout of the SBA’s Paycheck Protection Program has been frustrating for some and confusing for many.
Read More“Houston-area SBA lenders have achieved $3 billion in loan approvals in just four days. That is three times the amount in an average year.”
Read MoreThis is an excerpt from our partner KHOU’s coronavirus updates for Monday, April 13. Click here for all of the April 13 updates, and click here for more coronavirus coverage from KHOU.
Goldman Sachs and the LiftFund are helping Texas provide $50 milli…
Read MoreBankers are on the front lines of the Paycheck Protection Program rollout, meant to help businesses with with up to 500 employees stay open and pay workers. Here’s their advice for applying for a loan.
Read MoreWells Fargo said Sunday evening that it has exhausted its $10 billion capacity for lending under the Small Business Administration’s Paycheck Protection Program as the bank operates under a regulatory asset cap.
In other words, amid the pandemic-induc…
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