SME News
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2020-04-07
US Fed launches program to support small business loans
WASHINGTON: US President Donald Trump said Monday he was satisfied with a program announced by the Federal Reserve to help facilitate the government’s massive lending program for small businesses devastated by the coronavirus shutdowns. &ldq...
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2020-04-07
Germany expects heavy demand for small business bridging loans - ministers
BERLIN, April 6 (Reuters) - Germany expects heavy demand from small and medium companies for state-backed loans of up to 800,000 euros ($863,120.00) that the government is offering to help them survive the collapse in demand caused by the coronavirus...
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2020-04-07
Fed to Provide Financing for Small-Business Stimulus Loans
The Federal Reserve said it will create a program to help speed the flow of funds to small companies through the government’s coronavirus stimulus, marking its latest step to shield the U.S. economy from the pandemic. The facility will provi...
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2020-04-07
Coronavirus: Commission and European Investment Fund (part of EIB Group) unlock €8 billion in finance for 100,000 small and medium-sized businesses
The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will allow the EIF to ...
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2020-04-06
Bankers struggle to get loans to small businesses
WASHINGTON: The lifeline to help small businesses weather the coronavirus economic shutdown had a chaotic and often frustrating opening – and it might not be enough. Last Friday was the first day that US small businesses could start applying...