Banking & Financial Services
Congress is meeting for a two-day session to discuss changes to Paycheck Protection Program loans for small businesses. The proposed legislation would give small businesses more time to use federal subsides for payrolls and other business costs. Senate Majority Leader…
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Paul Holewinski is the president and chief executive officer of Academy Bank. Q. What are you seeing in terms of loan-request volume since COVID hit? A. Loan volume and applications have been down the last 60 days as businesses try…
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About 80 percent of small businesses that are members of the National Federation of Independent Businesses have applied for SBA loans, and 54 percent are hoping for them to be forgiven, according to a recent survey. “Small businesses continue to…
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A few days after meeting with the Jackson County Legislature requesting $54.5 million in CARES Act funding, Kansas City Mayor Quinton Lucas wants to see about half of those funds expedited. In a letter to the legislature, he asked for…
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Mortgage applications rose six percent last week from the previous week, according to the Mortgage Bankers Association, possibly pointing to a home-buying recovery. Meanwhile, purchase volume dropped 1.5 percent year over year, a major recovery from six weeks ago, when…
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Online insurance broker SelectQuote, which is based in Overland Park, is preparing for an IPO to raise $475 million with a stock price in the range of $17 to $19. MarketWatch reports it could place the value of the company…
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Mike Maddox will become president and chief executive officer officer of the CrossFirst Bankshares holding company starting on June 1. He is currently in those roles at Leawood-based CrossFirst Bank. Maddox, who has been president of the bank since 2008,…
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Kansas City Mayor Quinton Lucas is asking for $54.5 million in CARES Act funding from Jackson County officials for the city. The request comes after the county was allocated $123 million and is based on the percentage of Kansas City…
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Leaders in the restaurant industry want more time to spend PPP loans, increasing that window from eight to 24 weeks. They met with President Donald Trump and said that they were concerned about various social distancing rules in states and…
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What’s my business worth? That question can dog a business owner for decades, but it’s never more vital to have an answer than it is as you prepare to transition out of your life’s work. But even before there was…
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