Congress May Forgive PPP Loans Under $150K
Image by Markus Winkler – July, 28 2020 | By: LendVer Staff – 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 [...]
Residential Rental Loans are Back
Image by Maximillian Conacher – June 11, 2020 | By: LendVer Staff – 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 [...]
President Signs PPP Flexibility Act into Law
Image by Rawan Yasser – June 8, 2020 | By: LendVer Staff – 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 [...]
Senate Passes PPP Flexibility Act
Image by Jon Tyson – June 4, 2020 | By: LendVer Staff – The House recently approved a bill to increase the flexibility of the Paycheck Protection Program (PPP), and yesterday (June 3, 2020) the Senate passed the bill with little opposition. Next, the bill will go to the President to sign into law, and [...]
Why Getting a PPP Loan is Still a Good Idea
Image by Jason Strull – June 2, 2020 | By: LendVer Staff – The coronavirus aka COVID-19 is lasting much longer than most had thought and all had hoped. The wake of its destruction has left a decimated U.S. and global economy, and small businesses struggling to stay afloat and re-open as local governments begin [...]