Los Angeles Lakers return $4.6 million they received from small business loan program

batucity

The Los Angeles Lakers has returned millions of dollars it received from a program intended for small businesses during the coronavirus crisis, ESPN reports.

The team on Monday confirmed to ESPN that it repaid $4.6 million it received from the Paycheck Protection Program, which Congress set up during the coronavirus crisis with $349 billion for loans to be given to small businesses. But the program quickly ran out of money, and numerous larger companies came under fire for applying for and receiving loans under the program. Ruth’s Chris Steak House and Shake Shack were among these companies, and they later announced they’d return the money.

The Lakers has done so as well, telling ESPN in a statement, “The Lakers qualified for and received a loan under the Payroll Protection Program. Once we found out the funds from the program had been depleted, we repaid the loan so that financial

Read More

Oriente raises $50 million to continue building its infrastructure for digital financial services – TechCrunch

batucity

Oriente, a Hong Kong-based startup that develops tech infrastructure for digital credit and other online financial services, has raised $50 million for its ongoing Series B round. The funding was led by Peter Lee, co-chairman of Henderson Land, one of Hong Kong’s largest property developers, with participation from investors including website development platform Wix.com.

Launched in 2017 by Geoff Prentice (one of Skype’s co-founders), Hubert Tai and Lawrence Chu, Oriente focuses on markets that are underserved by traditional financial institutions. The new funding will be used for growth in Oriente’s existing markets, the Philippines and Indonesia, and expansion into new countries, including Vietnam.

It will also be used to continue building Oriente’s technology, which uses big data analytics to help merchants increase sales conversions and lower risk. Oriente has now raised more than $160 million in equity and debt, including a $105 million round in November 2018.

While many

Read More

Can An Average Person Make A Million Dollars By Investing In The Inventory Market Or

batucity

Business news,Business daily,Business ideas,Business insider,Business letter,Business line,Business plan,Business proposal,Business times,Business world,Online businessWhen selecting a enterprise idea, it is smart to look at your strengths, talent set, and belongings you’re already captivated with. So those trying to launch a enterprise in online fitness should spend their money on sustaining a robust on-line presence by their web site and social media pages, considering that they do not have to rent a refrigeration repairs gold coast or tools. Driving with Uber is among the greatest residence-primarily based business ideas you may pursue. Your job is to find a business concept you can really feel assured about moving forward with, even though you will by no means know many issues for certain until you start really engaged on the idea.

It’d seem like magic (or full luck), but there’s actually a particular method to developing with good enterprise ideas. Provide a neighborhood service that permits folks to provide you their grocery purchasing checklist in … Read More