CNN Business — Last year, Barbara Thigpen had a difficult choice to make: close her salon of 10 years, or dip into her son’s college fund. But those funds are taking longer to get to small business owners due to additional compliance checks and the recent release of new rules governing how small business owners should apply for the loans, …
Merchant payment network BharatPe said on Thursday it recorded disbursal of over ₹80 crore in September, making it the largest fintech lender for merchants in India during the pandemic. BharatPe also said that it has ambitious plans of increasing the number of loan disbursals by seven times this year and will disburse loans worth ₹1,000 crore in the rest of …
Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated Press investigation found. Instead, the agency emailed a list of bullet points including that “loans …
Bengaluru: Instamojo Technologies Pvt. Ltd, a payment platform that caters to micro, small and medium enterprises, has disbursed around ₹110 crore worth of ‘sachet loans’ worth ₹10,000-12,000 to MSMEs, within 12 months after the launch of this service, according to a top company executive. MSMEs usually depend on unorganized sources like self-help groups, friends, families, to get quick working loans, …
