Senate Fails to Pass PPP Extension
October 21, 2020 | By: LendVer Staff – The Senate voted on, and failed to pass a standalone relief package yesterday that included the extension and refunding of the Paycheck Protection Program. A procedural measure, with a vote of 40 to 57, tabled the bill for a future date. The proposal would have reactivated the [...]
Stimulus Update: Senate to Vote on Relief Bill Next Week
October 15, 2020 | By: LendVer Staff – Senate Majority Leader Mitch McConnell (R-Kentucky) has announced that Senate Republicans will vote on a slimmed-down coronavirus relief bill when the Senate returns from recess next week. The bill which could be as much as $500 billion, would include the extension of the Paycheck Protection Program (which [...]
SBA Guidance Allows for Full Forgiveness of PPP Loans of $50,000 or Less
October 13, 2020 | By: LendVer Staff – The Small Business Administration in conjunction with the U.S. Treasury has issued new guidance stating that any small business that obtained a Paycheck Protection Program “PPP” loan of $50,000 or less, now has the potential to have that loan fully forgiven. The new PPP Loan Forgiveness Application [...]
3 Tips to Saving Money During the Pandemic
October 5, 2020 | By: LendVer Staff – There is no doubt that taking care of your health and staying safe during the COVID-19 pandemic is the most important thing. However, an unfortunate side affect of the current crisis has been its negative effect on the economy. Since the economy began its downturn, most of [...]
When Will PPP Loans be Available?
September, 29 2020 | By: LendVer Staff – The Paycheck Protection Program “PPP” expired on August 8, 2020 with approximately $138 billion in funding remaining, and millions of small businesses still in need. For almost two months Congress has remained gridlocked on passing new legislation that would extend the PPP, potentially add $160 billion of [...]