Small Business Administration
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.
Read More
Before the first round of funding ran out last week, Ebby Halliday agent Jason Bell had become the resident expert on Small Business Administration loans for friends and fellow agents who understandably had more questions than answers when applying for coronavirus relief. “It was a jumbled mess,” Bell says. In early April, the Plano Willow…
Read More
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…
Read More
