funds

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The SBA PPP is closed (no more funds)

Last night, the SBA PPP portal was closed to the financial institutions. No more applications were able to be submitted today. The question is what will happen to the applications submitted but not yet approved. Note that there are around $8 billions on the side for minority groups and around $6B for applications with error

By |2021-05-05T21:32:57+00:00May 5th, 2021|Categories: Business|Tags: , , , |

EIDL use of funds, collateral and other requirements

Small businesses have been receiving communications (mainly, via email) that the EIDL  has been approved and to complete the next steps on their website. Once you complete the process, you need to comply with their requirements and allow access to your books (“for the most recent 5 years until 3 years after the date of

By |2021-01-05T11:26:23+00:00June 11th, 2020|Categories: Business|Tags: , , , |
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