Paycheck Protection Program

Small Bank Delivers Big Results for SBA Loan Applicants

By Elaine Raffel / May 21, 2020 / 0 Comments

The SBA’s “CARES ACT” promised a lifeline for small businesses affected by COVID-19. Yet for many owners, the loan process proved frustrating, time-consuming, and full of red tape.

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SBA Exhausts Funding for Paycheck Protection Loans, Urges Congress for More

By Shelby Skrhak / April 16, 2020 / 0 Comments

SBA: “processed more than 14 years worth of loans in less than 14 days” 76% of loans have been processed by small/regional banks 49,000 loans totaling $8 billion have gone to real estate subsector Guidelines still murky for independent contractors, who had only four days to apply before funds ran out Talks are underway for […]

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