Who is Eligible for the SBA Paycheck Protection Program
In this video, Lynnette breaks down who is and who is not eligible for the SBA PPP loan. Of all types of small business funding, Small Business Administration 7(a) loans are one of the best ways to finance your enterprise. They’re guaranteed by the federal agency, which allows lenders to offer them with flexible terms […]
SBA’s PPP Loan Program Runs Out of Cash: What Now? Here are Your Options
The SBA’s $349 billion Paycheck Protection Program, known as the PPP loan program for small business owners, has run out of money less than two weeks after it was launched. According to the Small Business Administration, the agency approved 1.66 million loans from 4,975 lenders before the cash dried up on Thursday, April 16, 2020 […]
Who Qualifies for the SBA PPP Loan?
The $349 billion Paycheck Protection Program (PPP), which offers forgivable PPP loans to America’s small business owners and contractors, is shaping up as one of the most in-demand lending programs ever from the Small Business Administration. After the PPP loan initiative was in effect for only 3 business days, on April 7, 2020 President Trump […]