Sun.Jan 10, 2021

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SBA Releases Guidance on PPP Extension and Expansion

RogerRossmeisl

The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the recent extension and expansion of the Paycheck Protection Program (PPP) as authorized by the Consolidated Appropriations Act, 2021 (CAA 2021). BACKGROUND CARES Act The CARES Act provided the original legislation authorizing the Small Business Administration (SBA) to make loans to qualified businesses under certain circumstances.

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Hackers Strike New Zealand's Central Bank

PYMNTS

The Reserve Bank of New Zealand said Sunday (Jan. 10) that it has been hacked — and that potentially sensitive personal and commercial information may have been involved. The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Bank Gov. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this mali

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NCR Makes Play For Cardtronics Despite Rival Private Equity Deal

PYMNTS

NCR Corporation is the mystery suitor behind a recently-announced bid for Cardtronics , an operator of ATMs in 10 countries, that was submitted even as the company worked to close a previously-announced deal with different suitors, The Wall Street Journal (WSJ) reported. In mid-December, Cardtronics announced a $35 per share offer from an entity owned and controlled by private equity firms Apollo Global Management and Hudson Executive Capital.

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Some 4 Million Americans Have Been Unemployed For Half A Year

PYMNTS

Almost four million Americans have been out of work for at least six months because of the pandemic, CNN reported. The grim stats are an increase from September when 2.4 million had been out of work since around the start of the pandemic last March. The full number of workers who have been unemployed for six months is now 37 percent of the total jobless population, according to CNN.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.