article thumbnail

Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
article thumbnail

JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Popular Bank Issues Small Business Recovery Grants

PopularBank

Grant Program Provides Relief to Non-profit Organizations and Small Businesses in New York and New Jersey Significantly Impacted by COVID-19. SBRG serves to provide relief to organizations in New York and New Jersey that have been significantly impacted by COVID-19. New Jersey. Aspira Inc.,

article thumbnail

Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

The deal comes just a few weeks after superstar investor Bill Ackman announced that he would be raising $3 billion in an IPO of his new blank check company, Pershing Square Tontine Holdings, with plans to find tech unicorns to bring public. The blank check operation that will take Rush Street Interactive public fits the profile.

Online 142
article thumbnail

New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

PYMNTS

“Our approach builds off the existing strength of extraordinary brands such as RadioShack and supports our mission of transforming these beloved entities into internet-first companies,” Lopez said, pointing to the electronics retailer’s existing operations in the United States, Canada, India, Australia, Europe and China.

Branding 254
article thumbnail

TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments

Bobsguide

New appointments bring significant expertise from across the financial services industry to TS Imagine’s rapid growth. LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth.

article thumbnail

Walmart Adds Two Global Governance Leaders To Support Financial Services

PYMNTS

Waddell will provide support and guidance to financial services compliance leaders across all of the company’s operating markets, including Walmart U.S., The executive comes to the retailer from Capital One , where he most recently served as vice president of compliance. eCommerce and the compliance teams in its international markets.