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Federal government gives Sunrise Banks $250M for community-impact lending - Vimarsana News

Federal government gives Sunrise Banks $250M for community-impact lending

The funds will result in $2.5 billion in new lending in the Twin Cities, Sunrise executives say.

New public-private effort hopes to build $2B fund to revitalize Twin Cities - Vimarsana News

New public-private effort hopes to build $2B fund to revitalize Twin Cities

The GroundBreak Coalition in May will start the process to leverage public funds and philanthropic and business donations to rebuild the corridor hit by riots after George Floyd's death and address inequities in home ownership and business.

New Immigrants Arriving in the US Don't have Established Credit Histories, Preventing them from Accessing Many Financial Services, Fintech Execs Explain - Vimarsana News

New Immigrants Arriving in the US Don't have Established Credit Histories, Preventing them from Accessing Many Financial Services, Fintech Execs Explain

March 10, 2021 @ 7:06 pm By Omar Faridi Immigrants who might not have an established credit history may be able to take advantage of advancements in Fintech that provide tools to help these people become homeowners and gain employment as well, according to industry professionals. As first report by CQ Roll Call, new immigrants have to face challenges upon their arrival to  countries like the US. The barriers may include them not knowing the language or even facing discriminatory policies. Fintech specialists have pointed out that immigrants are unable to gain access to the credit required fo...

PPP forgiveness volume tops $100 billion: SBA - Vimarsana News

PPP forgiveness volume tops $100 billion: SBA

The pace of forgiveness for Paycheck Protection Program loans is expected to accelerate when the Small Business Administration issues guidance on expanded streamlining.

Will PPP's uneven soft launch delay full rollout? - Vimarsana News

Will PPP's uneven soft launch delay full rollout?

Several community banks said they didn't have enough time to review the Paycheck Protection Program's application forms, forcing them to sit out Monday's reopening. The SBA is not saying when more lenders will be allowed to access its portal.