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SBA CONCLUDES THE EIDL ADVANCE PROGRAM HAVING ALLOCATED $20 BILLION TO SMALL BUSINESSES AND NON-PROFITS

U.S. Small Business Administration | July 13, 2020

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Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding. In order to assist the greatest number of small businesses, the EIDL Advance provided $1,000 per employee up to a maximum of $10,000. Recipients did not have to be approved for a loan to receive the Advance, and the Advan...

Read More

Finance

THE SMALL BUSINESS ADMINISTRATION (SBA) APPROVES FREEDOM BANK FOR THE PREFERRED LENDERS PROGRAM

Freedom Bank of Virginia | October 12, 2022

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The Freedom Bank of Virginia announced today that the Small Business Administration (SBA) approved the Bank for the Preferred Lenders Program (PLP). The SBA designates certain experienced lenders as PLP Lenders and delegates the authority to process, close, service, and liquidate most SBA-guaranteed loans without prior SBA review. Now as a PLP Lender, Freedom Bank is authorized to make SBA-guaranteed loans without prior SBA review of eligibility or creditworthiness allowing for a more seamless a...

Read More

Business Strategy

LENDERS COOPERATIVE INTEGRATES MASSACHUSETTS CAPITAL ACCESS PROGRAM INTO LENDING PLATFORM TO EXPAND SMB LENDING OPPORTUNITIES

Businesswire | May 11, 2023

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Lenders Cooperative, a provider of lending solutions for financial institutions, today announced the unique integration of the Massachusetts Capital Access Program (CAP) into the cooperative’s loan origination system (LOS). This integration allows lenders to have a fully turnkey process to accept and originate Mass Capital loans without the need to manage documents and process outside the loan platform. With nearly 60 banks participating throughout Massachusetts, Lenders C...

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IDEAS

CARVER'S MICROLOAN PROGRAM PAVES THE PATH FOR NYC'S SMALL BUSINESSES

Carver Federal Savings Bank | September 25, 2023

news image

Carver Federal Savings Bank, a certified Minority Depository Institution (MDI) and a Community Development Financial Institution (CDFI) is driving economic empowerment for small businesses in New York City through its innovative microloan program. This program plays a crucial role in facilitating entrepreneurs' access to capital for business expansion in the post-pandemic e...

Read More
news image

SBA CONCLUDES THE EIDL ADVANCE PROGRAM HAVING ALLOCATED $20 BILLION TO SMALL BUSINESSES AND NON-PROFITS

U.S. Small Business Administration | July 13, 2020

Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding. In order to assist the greatest number of small businesses, the EIDL Advance provided $1,000 per employee up to a maximum of $10,000. Recipients did not have to be approved for a loan to receive the Advance, and the Advan...

Read More
news image

Finance

THE SMALL BUSINESS ADMINISTRATION (SBA) APPROVES FREEDOM BANK FOR THE PREFERRED LENDERS PROGRAM

Freedom Bank of Virginia | October 12, 2022

The Freedom Bank of Virginia announced today that the Small Business Administration (SBA) approved the Bank for the Preferred Lenders Program (PLP). The SBA designates certain experienced lenders as PLP Lenders and delegates the authority to process, close, service, and liquidate most SBA-guaranteed loans without prior SBA review. Now as a PLP Lender, Freedom Bank is authorized to make SBA-guaranteed loans without prior SBA review of eligibility or creditworthiness allowing for a more seamless a...

Read More
news image

Business Strategy

LENDERS COOPERATIVE INTEGRATES MASSACHUSETTS CAPITAL ACCESS PROGRAM INTO LENDING PLATFORM TO EXPAND SMB LENDING OPPORTUNITIES

Businesswire | May 11, 2023

Lenders Cooperative, a provider of lending solutions for financial institutions, today announced the unique integration of the Massachusetts Capital Access Program (CAP) into the cooperative’s loan origination system (LOS). This integration allows lenders to have a fully turnkey process to accept and originate Mass Capital loans without the need to manage documents and process outside the loan platform. With nearly 60 banks participating throughout Massachusetts, Lenders C...

Read More
news image

IDEAS

CARVER'S MICROLOAN PROGRAM PAVES THE PATH FOR NYC'S SMALL BUSINESSES

Carver Federal Savings Bank | September 25, 2023

Carver Federal Savings Bank, a certified Minority Depository Institution (MDI) and a Community Development Financial Institution (CDFI) is driving economic empowerment for small businesses in New York City through its innovative microloan program. This program plays a crucial role in facilitating entrepreneurs' access to capital for business expansion in the post-pandemic e...

Read More

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C-Suite On Deck

Responsive image

Feature market insights and perspectives from top C-Level executives, elite technology influencers and thought leaders from your company here. This signature initiative has garnered immense support...

Contact Us