Here we are at the beginning of a new year, a year that might not look like any other we have seen in our careers. We are all adjusting to yet another new normal. What is normal anymore?
With the $900 billion stimulus bill expected to become law, major changes will be coming to the SBA 7(a) lending program.
This year, the holidays are different. We celebrate differently, surround ourselves with only select guests, and have canceled our travel plans. Many will never visit a single store during the holidays. Who could have ever guessed after the strong beginning to 2020 most of us experienced?
Let’s face it, a lot has happened in 2020, and now that the year is coming to a conclusion, I think we’re all happy to begin moving forward again. Although I cannot predict what 2021 will look like or how much business we’ll each be able to conduct, I do want to share some of current lending market updates that we’re aware of as of the end of 2020.
Now that the six-month payment incentive provided by the C.A.R.E.S. Act is over, let’s focus our attention back to closing a loan that has a P.P.P. attached to the business.
Diamond Financial Services is pleased to annouce that its President, Steve Mariani, of Raleigh, NC, has been re-elected to the IBBA board.
Brokers – don’t let P.P.P. halt your deals. Sign this petition today!
The SBA and Treasury have revised the PPP forgiveness application, as well as adding a new EZ application. See the changes here.
We will speaking on June 16 at 1 p.m. EDT, and you are invited to join us.
H.R.7010 has been passed. Here are the strucutral changes coming to P.P.P. loans.