On June 30, 2020 U.S. Senators Kevin Cramer (R-ND), Bob Menendez (D-NJ), Thom Tillis (R-NC) and Kyrsten Sinema (D-AZ), Senate Banking Committee members, introduced the Paycheck Protection Small Business Forgiveness Act. This bipartisan legislation seeks to streamline forgiveness of Paycheck Protection Program (PPP) loans for small businesses by automatically forgiving all loans under $150,000. If [...]

One of the first financing types kicked to the sidelines by lenders when the economy started sliding, was long-term residential rental property loans. It’s a difficult proposition for a lender to commit capital for an extended period of time at a fixed interest rate, when there is significant economic uncertainty and declining long-term yields. Additionally, [...]

This past Friday the President signed the Paycheck Protection Program (PPP) Flexibility Act into law. The law modifies the guidelines of the original PPP making the repayment terms and forgiveness components of PPP loans more “flexible” as the name of the bill states. The more relaxed PPP parameters will likely cause the remaining $100 billion [...]