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Displaying items by tag: Fifth Third Bank

Through working with a number of banks and credit unions, Randy Brinks is fully aware of the giant target that the financial services industry has had for years concerning cybersecurity threats.

Published in Economic Development
Sunday, 31 January 2021 17:00

SBA simplifies PPP loan forgiveness process

As clients began reaching out in recent weeks to gather documents and apply for forgiveness of their federal Paycheck Protection Program loans from last year, executives at Level One Bank urged them to wait. 

Published in Small Business

Michigan small businesses were approved for more than $1.5 billion in federal loans during the first two weeks of the new Paycheck Protection Program the U.S. Small Business Administration launched earlier this month.

Published in Small Business

Michigan’s economy could stand to benefit in the years ahead as manufacturers move to reshore work to the U.S. after dealing with severe disruptions in their foreign supply chains when the coronavirus first surfaced in China.

Published in Economic Development

The U.S. economy that got hammered by the COVID-19 pandemic this spring heads toward 2021 on the rebound, although a surge in cases during the fall and renewal of restrictions in many states may limit economic growth nationally early in the new year.

Published in Economic Development

GRAND RAPIDS — Planning now for the future development of an outdoor amphitheater, soccer stadium and expansion of the DeVos Place convention center positions Grand Rapids to proceed once the COVID-19 pandemic eventually ends.

Published in Economic Development

GRAND RAPIDS — The business group that pushed several major developments over the past 25 years is now focused on a downtown convention center expansion, an amphitheater and a professional soccer stadium.

The COVID-19 pandemic that shut down much of the economy in March had all businesses scrambling to maintain operations — if they were allowed to stay open — and keep employees safe. Banks closed their branch lobbies and directed customers to use drive-thru lanes or digital banking to handle transactions. 

Published in Finance

The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital. 

Published in Finance

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

Published in Finance
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