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New portal will streamline applications for loans $150,000 or less for over 6.5 million businesses.  The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. “The SBA’s new streamlined applicationRead more

By Andy Medici-Senior Reporter, The Business Journals, 7/16/21 The Small Business Administration officially closed its Paycheck Protection Program to new loan applications at the end of May, and subsequently closed its Restaurant Revitalization Fund grant program in early July, leaving small business owners with dwindling options for relief. But there are still some grant programsRead more

Following the declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) launched the Economic Injury Disaster Loan Assistance (EIDL) program for small business owners in all US states, Washington D.C., and other US territories. EIDL loans are now available. On March 27th, 2020, President Trump signed into lawRead more

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM **Updated 4/27/20** Full Borrower Fact Sheet from U.S. Treasury Overview The Paycheck Protection Program (“PPP”) authorizes up to $349 billion plus an additional $321 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The PPPRead more