Gabe Piscione2h ago / 12:03 PM UTCGretchen Morgenson and Ben Popken3h ago / 11:43 AM UTCUnapproved online lenders want a piece of the new coronavirus loan program for small businessesThe Ellery Hotel, a colonial style B&B in Northampton, Mass., acquired and renovated by Bob Thomas and Dierdre Savage, Saltaire Hotels co-owners.Courtesy of Saltaire HotelsAs the government’s small business lending program struggles to find its footing, many online and alternative lenders say they’re filling the void, offering to help merchants tap into federal funding designed to ease the economic pain caused by coronavirus.But because most of these lenders are not yet approved to handle Small Business Administration (SBA) loans directly, some experts fear that merchants may be targeted by unregulated lenders and wind up with loans costing far more than the 1 percent, two-year deal the government is backing.Read the full story hereDawn Liu and Linda Givetash3h ago / 11:23 AM UTCChina rejects accusation of anti-African bias in fighting coronavirusChinese officials have rejected claims of discriminatory policies towards Africans in how they are fighting the coronavirus spread on Monday, arguing that the country treats foreign nationals as equal to own its citizens. Reuters reported that several African ambassadors said heightened measures in China

Continue To Full Article