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INFINITEC incubates and invests in Internet companies with proven business models. It provides operational support to their companies and helps them scale.

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NEW SBA GUIDELINES WORRY BANKS AND BORROWERS

Small Business Administration (SBA) | June 11, 2020

news image

As of Friday, May 22, 2020, the Small Business Administration (SBA) released the second version of the Interim Final Rules pertaining to the guidelines on the SBA loan review process. Then one week later, senate passes house bill on June 3rd which again changed the rules on PPP Forgiveness. The everchanging landscape has lenders and borrowers concerned about submitting PPP Forgiveness Applications. LQD Business Finance, a tech-enabled commercial lender recognized that the complicated Paycheck Pr...

Read More

FINANCE

BREAKOUT CAPITAL INTEGRATES WITH LENDSMART’S LOAN MANAGEMENT SYSTEM TO EXPEDITE SMALL BUSINESS LOAN APPROVALS

Lendsmart | December 06, 2021

news image

Lendsmart, an AI-driven digital lending platform, today announced its partnership with Breakout Capital, a leading small business lender that provides simple, straightforward working capital solutions to small businesses.Breakout Capital has integrated with Lendsmart’s Loan Management System, which to date, has processed over 15,000 loans. With Lendsmart’s lending technology, Breakout Capital can offer borrowers one end-to-end digital experience that brings experts and advisors toget...

Read More

SMALL BUSINESS COMMITTEE CHAIRMAN CALLS FOR EXPEDITED EXTENSION OF PPP

The Paycheck Protection Program | May 18, 2020

news image

The U.S needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period, a key U.S. senator said on Sunday. The eight-week period may be applied to any time frame from mid-February up to June 30. ...

Read More

NEW YORK ATTORNEY GENERAL ASKS MAJOR BANKS TO CLARIFY HANDLING OF SMALL BUSINESS LOANS

Reuters | May 05, 2020

news image

New York’s Attorney General said on Monday she has asked 11 major U.S. banks to clarify how they had issued loans tied to the U.S government’s $660 billion program to rescue small businesses from the impact of the coronavirus pandemic. Known as the Paycheck Protection Program, the plan was intended to help small firms weather the worst global economic crisis in decades but has been hobbled by missing paperwork, technology failure and a misdirection of funds to big corporations...

Read More
news image

NEW SBA GUIDELINES WORRY BANKS AND BORROWERS

Small Business Administration (SBA) | June 11, 2020

As of Friday, May 22, 2020, the Small Business Administration (SBA) released the second version of the Interim Final Rules pertaining to the guidelines on the SBA loan review process. Then one week later, senate passes house bill on June 3rd which again changed the rules on PPP Forgiveness. The everchanging landscape has lenders and borrowers concerned about submitting PPP Forgiveness Applications. LQD Business Finance, a tech-enabled commercial lender recognized that the complicated Paycheck Pr...

Read More
news image

FINANCE

BREAKOUT CAPITAL INTEGRATES WITH LENDSMART’S LOAN MANAGEMENT SYSTEM TO EXPEDITE SMALL BUSINESS LOAN APPROVALS

Lendsmart | December 06, 2021

Lendsmart, an AI-driven digital lending platform, today announced its partnership with Breakout Capital, a leading small business lender that provides simple, straightforward working capital solutions to small businesses.Breakout Capital has integrated with Lendsmart’s Loan Management System, which to date, has processed over 15,000 loans. With Lendsmart’s lending technology, Breakout Capital can offer borrowers one end-to-end digital experience that brings experts and advisors toget...

Read More
news image

SMALL BUSINESS COMMITTEE CHAIRMAN CALLS FOR EXPEDITED EXTENSION OF PPP

The Paycheck Protection Program | May 18, 2020

The U.S needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period, a key U.S. senator said on Sunday. The eight-week period may be applied to any time frame from mid-February up to June 30. ...

Read More
news image

NEW YORK ATTORNEY GENERAL ASKS MAJOR BANKS TO CLARIFY HANDLING OF SMALL BUSINESS LOANS

Reuters | May 05, 2020

New York’s Attorney General said on Monday she has asked 11 major U.S. banks to clarify how they had issued loans tied to the U.S government’s $660 billion program to rescue small businesses from the impact of the coronavirus pandemic. Known as the Paycheck Protection Program, the plan was intended to help small firms weather the worst global economic crisis in decades but has been hobbled by missing paperwork, technology failure and a misdirection of funds to big corporations...

Read More