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Policy News – May 29, 2020

Today, jobless claims for the week ending in May 23 were released. The report shows 2.1 million more Americans filed new claims for jobless benefits, falling from a total of 2.4 million applications the week before. Read the full report here. This afternoon, the House...

Industry News – May 29, 2020

JPMorgan Chase Invests $600K in Small Business Loan Access Platform from Diddy, Harbor Bank The investment will go to OurFairShare.com, which was created through a partnership between Harbor Bank of Maryland Community Development Corporation and Combs Enterprises. The...

Policy News – May 22, 2020

Last week, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application with instructions for completing the application. Notably, the new guidance introduces an alternative “payroll covered period,”...

Industry News – May 22, 2020

Magic Johnson Makes Another Assist—to the Small Business Aid Program Earvin “Magic” Johnson said his EquiTrust Life Insurance Co. will provide $100 million in capital to fund loans through the Small Business Administration’s Paycheck Protection Program. Source: The...

Industry News – May 15, 2020

Why are Pa. and N.J. Receiving Fewer PPP Coronavirus Loans? The New York Fed Investigates Some of the severely affected states such as New York, New Jersey, Michigan, and Pennsylvania are getting fewer PPP loans than some Mountain and Midwest states on a...