The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew. However, the average loan size for women-owned businesses was 33% lower than the average loan size for businesses owned by men. read more

MAR 26, 2021 - 7:10 am

Wintrust Financial has received 6,973 applications for $1.27 billion in loans since it opened its platform on Jan. 11 to accept client submissions for the latest round of the Paycheck Protection Program from the U.S. Treasury Department and Small Business Administration. read more

MAR 5, 2021 - 6:49 am

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on Jan. 19 to all participating PPP lenders. read more

JAN 14, 2021 - 7:16 am

Now that new COVID-19 relief has been signed into law by President Donald Trump, fintech company Biz2Credit has begun taking ‘pre-applications’ for the new round of the Paycheck Protection Program. read more

DEC 30, 2020 - 7:20 am

U.S. government lending programs restored sufficient capital for businesses to weather the effects of the COVID-19 pandemic for a short period, but many firms are currently operating at a monthly loss, according to Biz2Credit’s new six-month analysis of COVID-19’s impact on small businesses. read more

DEC 14, 2020 - 7:46 am

The AICPA, CPA.com, and Biz2Credit are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options. read more

SEP 23, 2020 - 6:00 am

The PayNet Small Business Lending Index continued to bounce back in July after bottoming out in April, but the PayNet Small Business Delinquency Index 31–90 Days Past Due remains 55 basis points above its year-ago level. read more

SEP 9, 2020 - 7:32 am

According to Biz2Credit’s Small Business Financial Health Survey, year-over-year Q2/20 revenues of small business owners plummeted 52% from Q2/19 while payroll expenses dropped 54%. read more

AUG 5, 2020 - 7:18 am

AICPA’s recent survey reported that more than half of business executives said their companies had sought relief funds through the Paycheck Protection Program. read more

JUN 15, 2020 - 6:50 am

The American Institute of CPAs released a set of FAQs to address how provisions within the federal CARES Act can impact business valuations. read more

JUN 3, 2020 - 6:25 am

People's United Bank has registered and obtained approval for more than 16,000 PPP loans through the SBA, delivering more than $2.5 billion to business customers. read more

JUN 1, 2020 - 6:30 am

The AICPA applauded the passage of H.B. 7010, the “Paycheck Protection Program Flexibility Act of 2002,” and is encouraged by bi-partisan support for flexibility in PPP loan guidelines. read more

JUN 1, 2020 - 6:25 am

Nearly half of small business owners worry they cannot afford to resume normal operations following mandated closures to slow the spread of COVID-19, according to LendingTree's latest survey of small business owners. read more

MAY 29, 2020 - 7:00 am

The Treasury Department and Small Business Administration released a loan forgiveness application form for the Paycheck Protection Program, but the AICPA said it fails to address outstanding issues and does not provide enough flexibility for those who receive funds. read more

MAY 18, 2020 - 6:55 am

AICPA, NFIB, S-CORP and four other small business advocates issued a statement in response to the SBA’s lack guidance on the Paycheck Protection Program. read more

MAY 15, 2020 - 6:25 am