We all knew that the first round of PPP funds was going to be exhausted at an incredible rate. A second round of PPP Monies have already been requested from the SBA to congress, so we feel it is still very wise to ensure that your borrowers remain in line, apply though our unique link as well as through their local bank so they are still ready for the next wave of SBA PPP funds. Additionally, there is an additional Bill being worked on for another $1T in SBA 7a loans for Business Owners – this is just round 1 of 10! While the government funds are being worked through legislation, the good news is there are thousands of lenders offering financing to Small Businesses now who need it. These options are not on standby for the Government to come out with the next Bill. We have businesses who can apply now for Business Loans to support their businesses until the big money comes behind. To expand our products our team has brought on several business loan options and will continue to keep adding business loan lenders to our platform until we have every financing bucket filled.
We anticipate having Business Loans available to all of our applicants by 4/20/2020
Stay tuned for next update!