Insider heard back from three owner/operators after our article last week on the Payroll Protection Program application process. Ken Wingate Wingate Outdoor Advertising I had my PPP loan application completed on Monday of this week and it was funded by Wednesday. I used a local community bank and the loan […]
Since our Monday update on the Payroll Protection Loan Program there have been several developments and trends on the SBA’s PPP loan program. Here are Insider’s thoughts as the program rolls out. There is a need for more money – With demand exploding for the PPP, the Senate went to […]
Friday was a day of confusion for most lenders as the SBA began releasing their operating procedures for the Payroll Protection Loan Program. As of Saturday morning Insider was able to get on a regional bank on-line application, complete and download a request for a PPP loan. A search of […]
We hope you owner/operators have been gathering information on the PPP, Paycheck Protection Program which authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Insider has been doing a deep dive into the details and application process and, this morning, […]
A new SBA disaster relief program has been approved by the Senate and House. The program provides $349 billion in funding for SBA disaster loans for small businesses. Here are key terms: The program is open to businesses with fewer than 500 employees, independent contractors and sole proprietors. Loans are […]
Coronavirus is not a permanent state of affairs but you need to protect your liquidity for 30-60 days until shelter in place restrictions become less severe and the economy starts recovering. Some ideas. Put a spreadsheet together which monitors your lease costs versus revenues for individual signs. Ask landlords for […]
