The US Small Business Administration (SBA) will waive the interest rate for the first year on new disaster loans and extend the initial payment deferment period automatically to 12 months. “Our zero-interest disaster loan and payment deferral solutions add new tools to our toolbox to help small business owners gain flexibility as they work to invest, reopen, … [Read more...] about SBA Offers Disaster Loans with No Interest and No Payments for First Year
SBA
SBA will resume accepting PPP applications on April 27
U.S. Small Business Administration has announced that it will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT. This comes after the President signed the bill providing an additional $320 billion to refill the Paycheck Protection Program on Friday, April 24th. The original outlay for the Paycheck … [Read more...] about SBA will resume accepting PPP applications on April 27
PayPal, Intuit and Square Capital can now offer loans to small businesses through the Paycheck Protection Program
PayPal, Intuit and Square Capital are some of the non-bank institutions that are now also approved to participate in the SBA's Paycheck Protection Plan, which is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for … [Read more...] about PayPal, Intuit and Square Capital can now offer loans to small businesses through the Paycheck Protection Program