Athens Group

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...

U.S. Small Business Administration | July 07, 2020

The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. "The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of e...

Industry Outlook

Decent | October 20, 2021

As Texas and the U.S. continue to navigate the tumultuous COVID-19 pandemic, Decent, a start-up already disrupting the health insurance industry with affordable benefit plans, is launching a Professional Employer Organization (PEO) to better support small businesses. Of the 458 PEOs in the U.S, Decent is the only one that is owned and operated by a TPA that designs and manages the health insurance plans that Decent offers. Basically, Decent cuts out the middleman to create more af...

Technology

Cross River | November 02, 2021

Cross River Bank, a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced the acquisition of Betterfin, a transformative financial platform that enables small business owners to access a wide range of financial products and solutions, capital markets data, and manage their own lending and cash flow processes. Following the closing, Betterfin is wholly owned by Cross River’s parent company, CRB Group, Inc. Finan...