Page 96 - Lending Program News Today

Operator Ladies and gentlemen, thank you for standing by, and welcome to the Amerant Bancorp Fourth Quarter 2020 Earnings Call. [Operator Instructions]. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]. I would now like to hand the conference to your speaker today, Laura Rossi, Investor Relations Officer. Please go ahead maam. Laura Rossi -- Investor Relations Officer Thank you, Operator. Good morning to everyone on the call, and thank you f...

Legislative Updates The total amount authorized from legislation remains roughly constant at about $4 trillion, despite the increase in net COVID relief from $2.7 to $3.4 trillion. On the one hand, the end-of-year Response & Relief Act allowed roughly $940 billion of additional fiscal support. On the other hand, it rescinded about $430 billion in Treasury support for Federal Reserve facilities and nearly $150 billion in funding for the previous iterations of the Paycheck Protection Program and ...

Operator Good day and welcome to the Preferred Bank Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Jeff Haas of Financial Profiles. Please go ahead. Jeffrey Haas -- Investor Relations, Financial Profiles Thank you, Andrew. Hello, everyone, and thank you for joining us to discuss Preferred Banks financial results for the fourth quarter ended December 31, 2020. With me today from man...

Wolters Kluwers GRC Division Wins Best Place to Work and Leadership Accolades Wolters Kluwers Governance, Risk Compliance (GRC) division has won four major accolades, recognizing it as a "Great Place to Work." The awards, all decided by independent editorial panels, celebrate Wolters Kluwer GRC as a global employer that values its staff, recognizes and promotes talent from within and fosters a collaborative and high-performing culture. Wolters Kluwer GRC, which has introduced a number of innova...

Coronavirus contractors double-dip government funds, receiving relief money and contracts Nick Penzenstadler, Josh Salman and Dak Le, USA TODAY © Round the Corner Ice Cream In the U.S. Small Business Administrations recently released data on Paycheck Protection Program recipients, the seasonal Round the Corner Ice Cream shop in Saugatuck is listed as receiving between $2 and $5 million, despite only having 10 employees. Owner Lisa Freeman says the shop got less than $20,000 a...

Share this article Share this article TORONTO, Jan. 26, 2021 /CNW/ - Many businesses in Canada continue to face significant challenges related to the coronavirus pandemic, putting pressure on our economy, communities and households. Some sectors have been particularly hard hit and disproportionately affected by COVID-19. Banks in Canada are working with the Government of Canada to deliver relief to these businesses through the Highly Affected Sectors Credit Availability Program (HASCAP) Guarant...

Freedom Bank to Assist in Funding the New NOVA Technology Loan Fund Bank seeds a new $50,000 revolving loan fund focused on financing and technical assistance for minorities and entrepreneurs of color in the DC Region. News provided by Share this article Share this article FAIRFAX, Va., Jan. 19, 2021 /PRNewswire/ -- The Freedom Bank of Virginia (OTCQX: FDVA) announced today that it will assist in funding a new $50,000 revolving loan fund called the NOVA Technology Loan Fund (the Fund). The new ...

$10,000,000. Each Supplemental SOS Grant will be capped at 50% of the grantee’s initial SOS Grant amount, provided that in no case will a grantee be eligible to receive SOS Grants totaling more than $10 million (as a combination of its initial SOS Grant and its Supplemental SOS Grant).[6] IV. Allowable and Prohibited Uses of SOS Grant Proceeds SOS Grant proceeds may be used to pay costs incurred during the period March 1, 2020 – December 31, 2021;  provided,  however, that proceeds of (i)...

Feds Rosengren Says US Labor Markets Could Stagnate Until Vaccine Is Widely Available

The U.S. economy could face significant weakness over the next couple of months until coronavirus vaccines are widely distributed, but those vaccines, combined with the increased odds for fiscal stimulus under President-elect Joe Biden, could boost the economy in the long...