One of the asserted advantages of blockchain and cryptocurrency is their operation outside the commercial banking system. However, this very feature poses a challenge when cryptocurrency is stolen—or more accurately, transferred without the account holder's...
Federal regulators took over Silicon Valley Bank after shutting it down on Friday – two days after SVB’s announcement that it had lost almost $2 billion in Treasury bonds. The bank, which caters to many of the world’s most powerful tech investors, is the largest to...
Since the COVID-19 pandemic upended life as we knew it, the use of remote communication and collaborative technologies has become a permanent addition to everything, from schools to workplaces and everything in between. We have found ways to work remotely, learn...
This week, the Small Business Administration announced the launch of a streamlined application portal for Paycheck Protection Program (PPP) borrowers who received less than $150,000 of funding. Under the new program, borrowers who received funding of less than...
A long-awaited and welcome piece of the recent stimulus package is directly pointed at the restaurant and hospitality industries. Billions of dollars in federal grant money will be available to privately owned hospitality businesses through the $1.9 trillion COVID...
The American Rescue Plan Act of 2021, passed by the House on Wednesday and signed into law Thursday by President Joe Biden, will bring a flood of much-needed funds into the state of Ohio – and Cleveland, in particular. The $1.9 trillion COVID relief bill allocates...
Due to the COVID-19 pandemic, Ohio’s estimated state budget will have a $2 billion shortfall for the current fiscal year, according to House Majority Floor Leader Bill Seitz. Representative Seitz suggested dipping into Ohio’s $2.7 billion rainy-day fund and scaling...
A federal judge has ruled the Small Business Administration (SBA) must release detailed information for all Paycheck Protection Program (PPP) loans. This includes both the identities of loan recipients and loan amounts. The underlining case was brought by a number of...
Because of their unique terms, CMBS loans can be an attractive option for certain borrowers. But because their structures are more complex than traditional loans, it is important to understand the upside, and potential downside, of choosing to take one out when...
By Amanda Lauer While the legalization of marijuana has become a hot topic in the news – in both a medicinal and recreational context – little attention has been given to how this legalization is impacted by both the financial and real estate industries. As the trend...