The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
  • Books
  • Categories
  • Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
No Result
View All Result
The Money Coach
No Result
View All Result

COVID-19 Video: Who is Eligible for the SBA Paycheck Protection Program PPP Loan

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Covid-19 Video
Reading Time: 1 min read
SBA Paycheck Protection Program
8
SHARES
135
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn


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 and low interest rates. Getting one can help you grow your business without taking on possibly crippling debt, also Approaching some lenders to borrow money when you have bad credit can often lead to your application being rejected. However, here are some tips and advice to help increase your chances of getting your loan application approved.

SBA loans, as the 7(a) loans are also known, are the agency’s most popular type of financing. There’s one big downside, however: It can be tough to get a loan from the SBA.

Still, low annual percentage rates make the SBA program one of the smartest ways to fund your company. With some know-how and preparation, you may be able to secure some of the lowest business financing available. And if you don’t qualify for an SBA loan, there are faster, more accessible ways to borrow money, including online small-business loans.

SBA loans are small-business loans guaranteed by the SBA and issued by participating lenders, mostly banks.

The SBA can guarantee up to 85% of loans of $150,000 or less and 75% of loans of more than $150,000. The average 7(a) loan amount was about $425,500 in 2018, according to the agency’s lending statistics. The program’s maximum loan amount is $5 million.

Transcription to follow soon.

Tags: PPP LoanSBA Paycheck Protection Program
Previous Post

COVID‑19: Video – Are You Eligible for a $1,200 Stimulus Check

Next Post

VIDEO: Getting Paid Sick Leave During the COVID-19 Outbreak

Related Posts

Lynnette Khalfani-Cox

COVID-19: Managing Your Finances in the Era of Coronavirus – VIDEO SERIES

by Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, has read all 880 pages of the $2.2 trillion CARES Act passed by Congress to stabilize the U.S. economy in the wake of the COVID-19 emergency and the coronavirus pandemic. In this collection of videos, Lynnette explains how Americans can benefit from the CARES Act...

COVID-19 Private Student Loans

COVID-19: Getting Relief From Your Private Student Loans – VIDEO

by Lynnette Khalfani-Cox, The Money Coach

In this video Lynnette shares good news for people who need help paying their private student loans during the COVID-19 pandemic.

SNAP Benefits

COVID-19: Getting SNAP Food Benefits While You’re Unemployed

by Lynnette Khalfani-Cox, The Money Coach

In this video, Lynnette shares information on available SNAP food benefits and resources to anyone that needs help.

Economic Relief Bill

COVID 19: A Good News Surprise in the Coronavirus Economic Relief Bill – VIDEO

by Lynnette Khalfani-Cox, The Money Coach

In this video Lynnette dives deep into the CARES Act and shares a pleasant surprise in the economic relief bill.

unemployment benefits COVID-19

COVID-19: Who Qualifies for Unemployment Benefits Under the CARES Act VIDEO

by Lynnette Khalfani-Cox, The Money Coach

Even if you were previously denied or ineligible you may now be entitled to receive unemployment benefits under the CARES Act.

credit rating covid-19

How to Protect Your Credit Rating During COVID-19 VIDEO

by Lynnette Khalfani-Cox, The Money Coach

The CARES Act made significant changes to the Fair Credit Reporting Act. Learn how to protect your credit rating during the COVID-19 pandemic.

Saving - Lynnette Khalfani-Cox

COVID-19: Why Saving Should Be Your Top Priority

by Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach explains why despite the impact of COVID-19 on your finances you still need to find a way to save money for future emergencies and goals. Transcript Lynnette Khalfani Cox: Saving money is definitely hard these days, but you still got to do it. Let me...

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1378 shares
    Share 551 Tweet 345
  • What to Do if Your Spouse Stole Money From You

    1166 shares
    Share 466 Tweet 292
  • What to Do If You Can’t Afford to Leave Your Spouse

    1104 shares
    Share 442 Tweet 276
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    1011 shares
    Share 404 Tweet 253
  • What Do All Those Strange Codes In My Credit Report Mean?

    815 shares
    Share 326 Tweet 204
  • Do This Now If Your Wages Were Not Reported

    745 shares
    Share 298 Tweet 186
  • How to Find Out if a Debt Collector is Licensed to Collect Your Debt

    724 shares
    Share 290 Tweet 181

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
  • Home
  • Subscribe to Newsletter
  • QR Code

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist