Hotel and Restaurant PPP loans
Arguably no industries have been more negatively impacted from Covid than lodging and food services. Congress recognized this and any business with North American Industry Classification System… Read more »
PPP Application for Round 2
On January 8th the Small Business Administration (SBA) released various applications related to Round 2 of the Payroll Protection Program (PPP2) loans that commenced with community lenders… Read more »
Economic Aid PPP loans FAQs
As we predicted last week, the U. S. Small Business Administration (SBA) announced on January 8th that the Paycheck Protection Program (PPP) will re-open to applicants the… Read more »
PPP Round 2 Predictions
SbaLenders.com reviewed the current Economic Aid relief bill enacted into law on December 27th, 2020. By analyzing data from the Small Business Administration’s Payroll Protection Program (“PPP”),… Read more »
The #1 reason loans are declined
The number one reason small business banks decline borrowers is lack of cash flow. Even though the SBA will provide its SBA bank with a guarantee for… Read more »
SBA loan eligibility criteria & required docs
All SBA loan borrowers want to know 1) will my loan request be approved and 2) what documents do I need to provide my SBA bank?… Read more »
Second Draw PPP Analysis
The Small Business Administration (“SBA”) released updated results by state for the $284 billion SBA loan Payroll Protection Program (“PPP”) by state. We compared the data released… Read more »
PPP Round 2 Funds
We will be keeping close track of the depletion of the $284B of PPP Round 2 money via our dashboard. From January 11th – 17th, when the… Read more »
Economic Aid Covid Relief PPP FAQs
Apply online for a PPP loan today FAQs related to Economic Aid Payroll Protection Program (PPP) loans The program runs from January 11, 2021 to… Read more »
Top Banks for Loans for Electricians
find me a electricians lender Last annual update: Are you an electrical contractor looking for a small business loan for your business or a electrical contractor… Read more »
Top Banks for Machine Shop Loans
find me a machine shop lender Last annual update: Looking for a loan for your machine shop? Or are you looking to finance the purchase of… Read more »
Covid Relief PPP
We believe the recently passed $284B in new PPP funding will run out in two weeks or less (assuming the SBA can scale eTrans to that throughput… Read more »