Most student loan payments are suspended. Here’s what you need to know.

It excludes some federal loans that are guaranteed by the government by not technically held by it. Generally, those were disbursed prior to 2010. About half of those with loans known as Federal Family Education Loans won’t qualify, according to government data.

Millions of businesses expected to seek Paycheck Protection Program loans today

$2 trillion relief package The program is part of the $2 trillion relief package signed into law last week, which was billed as a way to help local businesses that often form the fabric of communities stay afloat. The program will give businesses low-interest loans of about 2.5 times their average monthly payroll. The loans […]

Swiss double size of coronavirus company loan scheme to $41 billion

The government could suffer losses on the loans if the crisis continued for more than three months, Maurer said. If 10% of the loans defaulted that would mean writing off 800 million francs a year for five years, he added.

RBI’s loan EMI moratorium proposal for borrowers: Here’s all you need to know

Borrowers have many questions regarding the three month moratorium on loans announced by the Reserve Bank of India last week. The RBI allowed all lending institutions to offer a moratorium to borrowers on repayment of all term loans. This moratorium also covered credit card dues. The moratorium was for payment of all instalments falling due […]

British Airways scraps its dividend and furloughs over 30,000 staff on 80 per cent pay in desperate bid to survive the worst crisis in its history

In his statement earlier this week he said journalists who asked whether he would hand his dividend back were ‘naïve/malicious’, adding: ‘I am perplexed as to how that would work?’, adding: ‘To be used how? To pay that money straight over to Airbus? And what is the consideration for such a gift? Or is it […]

Oklahoma pizzeria owner on small business loan program: It’s a ‘band-aid’ but it won’t last long

The Paycheck Protection Program, or PPP, is designed to incentivize companies with fewer than 500 employees to retain staff despite difficult economic conditions that have resulted from the coronavirus pandemic. Applicants can receive up to $10 million, which can be forgiven in certain cases. At least 75 percent of the money must be put toward payroll costs. However, […]

UPDATE 2-Swiss double size of coronavirus company loan scheme to $41 bln

The government could suffer losses on the loans if the crisis continued for more than three months, Maurer said. If 10% of the loans defaulted that would mean writing off 800 million francs a year for five years, he added.

Swiss government doubles size of coronavirus loan scheme to $41 billion

Businesses have been clamouring for the loans to help them stay afloat as customers stay away or supply chain problems emerge. A string of big Swiss companies have issued profit warnings, while many firms have put staff on short-time work as the economy slowed.

‘You WILL get your checks in weeks NOT months.’ Treasury Secretary Steve Mnuchin pledges $1,200 bailout payments will start in TWO WEEKS and promises website for small business loans WILL work

Economic aid to communities: $5 billion in Community Development Block Grants to help state and local governments expand health facilities, child care centers, food banks and senior services; $4 billion in assistance for homeless people; $3 billion for low-income renters; $1.5 billion to help communities rebuild local industries including tourism, industry supply chains, business loans; […]

Production Companies, Agencies and Suppliers Unite to Form Live Events Coalition

The online petition, now boasting the support of the Live Events Coalition and its members, is seeking a federal aid package that includes Emergency Medicaid Health insurance to cover our uninsured business owners, contractors and laid off employees, as well as the ability to submit canceled contracts as loss of income on 2020 taxes. It […]