by RPB Team | Sep 2, 2020 | Articles, Loans
How do you begin your search for a business loan? Many banks and alternative lenders are out there vying for your attention. Once you decide on a lender, what’s next? Here are the steps to obtaining your business loan: Step 1. Determine why you need the money....
by RPB Team | Jun 18, 2020 | Articles, COVID-19, Loans
The Protection Flexibility Act of 2020 that was signed by the president earlier this month helped clarify some items related to the Paycheck Protection Program. However, it also brought a wave of many other unanswered questions. The Department of Treasury, through the...
by RPB Team | Jun 4, 2020 | Articles, COVID-19, Loans
The Paycheck Protection Program (PPP) has been a lifeline for America’s small employers. Since the application process opened on April 3rd, the program has provided more than $510 billion in funding to approximately 4.4 million small employers across the country....
by RPB Team | May 18, 2020 | Articles, COVID-19, Loans
On Friday night, May 15th, the Small Business Administration (SBA) finally provided some actionable guidance on PPP forgiveness. The guidance is in the form of the actual forgiveness application. Forgiveness for loans under $2M will be handled by your lender and...
by RPB Team | Apr 21, 2020 | Articles, COVID-19, Loans
As businesses begin to receive funds from the Paycheck Protection Program (PPP), understanding the forgiveness portion of the program is essential. The key to loan forgiveness will be spending the funds on the proper expenses in the eight weeks immediately following...
by RPB Team | Apr 3, 2020 | Articles, COVID-19, Loans
With an effort to keep everyone informed, we wanted to provide an update to the Paycheck Protection Program, which is the Small Business Administration 7(a) lending program, we are sure you have become familiar with. Last night, on April 2nd, the final rules were...
