PPP SBA Loan Program Take 2
Banks, especially large ones, were highly criticized for prioritizing some customers over others with the initial “Phase 3” rollout of the Payroll Protection Program (“PPP”) loan program…. Read more »
Conclusions & predictions from $349 billion PPP SBA loan program
[addtoany] With the Protection Payroll Program (PPP) out of funding and the SBA releasing data on $342 billion of loans, a mosaic is starting to emerge of… Read more »
Rising Stars in SBA lending
Each year there are over 1,000 SBA banks who originate SBA 7(a) loans. However, there are only 8 who have grown their dollar loan volume each of… Read more »
SBA CARES Act Payroll Protection Program (PPP) loan money has run out
[addtoany] Update: With the Round 2 supplemental allocation of $310 billion, we believe the PPP program will likely not need a third round of funding. See our… Read more »
$349B doesn’t buy what it used to
Jovita Carranza, Secretary of the SBA, was tweeting on April 3rd 13,669 loans totally $4.3 billion dollars under the SBA CARES Act/PPP 7(a) program went to the… Read more »
Activation Status of Paycheck Protection Programs (PPP) at SBA Banks
[addtoany] Have a update for a bank to our list of active PPP programs or a data change? Please let us know so we can share.
Quick Preparation Guide for SBA 7(a) Loan application for CARES Act (PPP) loans
Apply for an SBA Loan When can I apply for a loan? April 3rd for small businesses and sole proprietorships April 10th for independent contractors and… Read more »
Top FAQs related to CARES Act SBA 7(a) Loans
Find me a Lender The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep employees working during this pandemic…. Read more »
Economic Injury Disaster Loans from the SBA
Due to the Coronavirus (Covid-19), we are receiving a ton of requests for various SBA loan options. This week Congress passed and the President signed into law… Read more »
SBA Loan Rates – July 2020
find me a lender Last monthly update: The maximum interest rates a bank can charge for an Small Business Administration (SBA) loan depends upon the… Read more »