lendio
Financing for Michigan Businesses
The Great Recession saw the Michigan economy and its businesses decimated. Since then, the state and its winning people have fought hard and spawned a growing economy, stable employment, and a burgeoning real estate market. No economy has been immune to the effects of COVID-19, and Michigan is no different. The difference between now and [...]
Congress May Forgive PPP Loans Under $150K
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 [...]
President Signs PPP Flexibility Act into Law
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 [...]
Senate Passes PPP Flexibility Act
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 once that occurs the remaining $100 billion of PPP funding will likely go [...]
2020 Best Best Business Financing Marketplace: Lendio

Lendio

Lendio is a technology driven, small business financing marketplace that utilizes a streamlined application process and proprietary algorithm to match borrowers with loan options from a nationwide network of esteemed lenders. Lendio offers a full suite of business loan products, but most recently has been at the forefront of providing Paycheck Protection Program (PPP) financing. Lendio [...]