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Reliant Funding Launches SBA Loan Service Amid Government Shutdown

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.” Reliant Funding’s new service comes in the middle of a lengthy government shutdown that has closed the Small Business Administration and caused a drop in SBA loan approvals, according to data published by Biz2credit on Tuesday (Jan. The government shutdown really has begun to hurt small companies in search of capital.”

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Gov’t Shutdown Costs Creep To $11B

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A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. And although federal employees will receive back pay now that the government is back at work, most contractors will not.

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US Government Plans $20M Payroll Upgrade After Shutdown Debacle

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Federal Government is gearing up to overhaul and upgrade its payroll technology thanks to a $20.7 Reports in GCN this week said the government has announced funding for the payroll project that will upgrade the way an estimated 800,000 federal employees are paid. million investment from the Technology Modernization Fund.

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China Likely To See More P2P Shutdowns This Year

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China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

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JPMC Halts Non-PPP SMB Loans

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Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

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Former Saks CEO On Retail’s Big 2018 Holiday Jump

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There is a decent chance that the 2018 holiday season will be remembered as a time when it became much more clear that survival in the cutthroat pursuit of commerce depends on the stories one can tell about a product or brand. But that’s not all. Stuff vs. Experience.

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Peloton Eyes 2019 IPO

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In an interview with the paper in 2018, Peloton Co-founder and Chief Executive John Foley noted that this year “makes a lot of sense” for an IPO. But the year has had a rocky start, as the agency didn’t have the ability to give the go-ahead for IPOs with the partial government shutdown. billion, per unnamed sources.