A reminder here also that PPP loans are forgivable if they are used correctly.
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A reminder here also that PPP loans are forgivable if they are used correctly.
They were one of the largest facilitators of PPP funding last year. You can also talk to them directly. They are a pretty transparent company. The CEO is on twitter tweeting about PPP all the time....
I actually don't know lol. I just know it's a thing.
Not that you can't, but that some banks have decided they don't want to. It depends on the bank, but it's definitely something that I've heard come up. So if you skipped the last round and decided to...
Some banks will not let you apply for this round of PPP funding if you did not use them the first time.
welcome welcome!
Yes, I posted a link earlier in the thread to the SBA guide
Who may qualify
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
Previously received a First Draw PPP...
No, it doesn't cost anything at all to apply for a PPP loan.
No, we are not able to see them. They are managed by Lendio.
The short answer to this is yes. From the SBA.gov website:
Who may qualify
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
Previously received a First Draw PPP...
We've got this out on the wire now too. https://www.seekingfin.com/2021/01/19/small-business-forum-now-open-for-ppp-applications/
If by that you mean the CEO has appeared on CNBC and CNN to talk about PPP, then yes. I don't know if they've done any advertising on tv though.
Hello all, this forum has partnered up with Lendio to process the new round of Paycheck Protection Program (PPP) loan applications. Lendio was one of the largest facilitators of PPP loans in 2020.
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Welcome Joey!
When you sell the business, is it your intent to sell the building with it? Or are you okay with holding on to it afterwards and renting it out to the buyer?
Happy you like. It also now has the ability to search every single EIDL borrower as well! Same link: https://www.small-business-forum.net/pppchecker.php
This site now has a tool to search any business that got a PPP loan. You can search by partial name or full name RIGHT HERE.
For point of reference, the SBA released all of this data to the public...
Whoever it ends up being, I think more stimulus will be key...
I bet that many businesses are unfamiliar with this. I know that I am.
Hi All,
There are two relief programs being offered by the SBA right now. The first is the Economic Injury Disaster Loan program. This program offers only up to $25,000 without collateral and the...
Hello all,
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:)
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Hi Trendy! Welcome :cool:
If you are both members, it won't be a single member LLC.