Banking & Financial Services
There might be $450 million more on the way for small-business and hospital relief if the measure is approved by Congress. The Senate is scheduled to meet today, and the House could vote as early as Wednesday, according to an…
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A day after the new Paycheck Protection Program depleted its $349 billion allocation, Sen. Jerry Moran of Kansas said today he was hopeful Congress would move quickly to add more funding to help companies cash-strapped by the COVID-19 pandemic. “It…
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The Small Business Administration yesterday announced that its $349-billion Paycheck Protection Program has been wiped out. But at least one area lender is seeing an increase in loan allocation. UMB Bank has recently processed 3,000 applications totaling $1.4 billion. "It’s…
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The Federal Reserve Bank of Kansas City recently launched a program called the Employer Laptop Challenge, a community development program that encourages companies and other organizations to donate used computers and other devices to nonprofits, schools and firms that refurbish…
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Kansas City-based Commerce Bancshares is paying dividends to shareholders still, despite challenges posed to the economy due to COVID-19. The company just declared a quarterly dividend of $0.27 per share for common stock, and payments are expected to be paid…
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Before COVID-19 hit, the commercial real estate lending market was sure on a strong run. A record $600.6 billion of commercial real estate and multifamily loans in 2019, according to the Mortgage Bankers Association's (MBA) 2019 Commercial Real Estate/Multifamily Finance…
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The gyrations in U.S. equities markets in March were truly unprecedented, spooked by a supply-and-demand conundrum. In a capitalist economy, everything is a function of supply and demand. Markets react very negatively to a significant disruption of either. After 9/11,…
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U.S. Treasury Secretary Steven T. Mnuchin and U.S. Small Business Administration Administrator Jovita Carranza calling for Congress to appropriate more funds toward the Paycheck Protection Program and Economic Injury Disaster Loan Program, due to the havoc that COVID-19 has wreaked…
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Small Business Administration loans are a major topic right now in the face of COVID-19. Tom Salisbury, the Regional Administrator for SBA’s Region VII states of Missouri, Kansas, Nebraska and Iowa, talks about the Paycheck Protection Program (PPP) and other…
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U.S. residents now have a resource from the Internal Revenue Service where they can track the status of their stimulus checks. Titled Get My Payment, it shows when people would receive payments of up to $1,200 for individuals, $2,400 for…
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